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Fertitta Interactive Ready For NJ Online Gambling

Wednesday November 13 ,2013 : FERTITTA INTERACTIVE CONFIDENT ON NEW JERSEY LAUNCH
 
Subsidiary Ultimate Gaming and its partner, Trump Taj Mahal Associates LLC are good to go.
 
The third quarter reportage of Station Casinos, parent group of online gambling companies Fertitta Interactive and Ultimate Gaming, emphasises the impending launch of online gambling in New Jersey, assuring investors that Ultimate and its New Jersey partner Trump Taj Mahal Associates LLC are ready to go.
 
The report notes:
 
“Fertitta Interactive’s subsidiary, Ultimate Gaming, continues to make substantial progress towards its launch of full-scale online gaming in New Jersey.
 
"On November 8, 2013, Ultimate Gaming received a transactional waiver from the New Jersey Division of Gaming Enforcement, which will allow Ultimate Gaming and its partner, Trump Taj Mahal Associates LLC, to begin accepting real money online wagers in New Jersey later this month subject to final regulatory approval."
 
C.F.O. Marc Falcone said on Tuesday: “The interactive team has been hard at work developing its platform in New Jersey and we look forward to offering a fun, convenient, and secure online gaming experience to the people of New Jersey.”
 
Overall, Station announced its tenth consecutive quarter of gains in adjusted EBITDAM for the quarter ended September 30, reporting the successful opening of its latest land operation, the $800 million Graton Resort and Casino.
 
The company achieved it highest third quarter net revenues, Adjusted EBITDAM and Adjusted EBITDAM margins since the third quarter of 2008.
 
Net Q3 revenues increased 3 percent to $304.7 million compared to last year’s third quarter. Adjusted EBITDAM, excluding Fertitta Interactive, was $80.3 million for the quarter, an increase of 12 percent from the same period of the prior year. Adjusted EBITDAM margin also continued to show strong improvement, increasing to 26.4 percent from a year ago.
 
Including the results of Fertitta Interactive, Adjusted EBITDAM for the quarter was $78.6 million, an increase of 11.5 percent from $70.5 million in the same period of the prior year, while Adjusted EBITDAM margin rose to 25.8 percent.
 
Year-to-date net revenues were $933.1, a 0.7 percent increase compared to the first nine months of 2012. Adjusted EBITDAM, excluding Fertitta Interactive, was $276.2 for the nine months, a $14.4 million or 5.5 percent increase compared to the prior year and Adjusted EBITDAM margin increased to 29.6 percent from a year ago.
 
Station reported an outstanding principal balance of long-term debt at $2.16 billion, excluding a non-recourse land loan of $110.3 million, and cash and cash equivalents were $123.5 million. The company has reduced its net leverage ratio by approximately 0.3x since December 31, 2012.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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