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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 :

Day 2 of the MPNPT Tallinn Main Event - Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

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