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Why Fertitta Launched Online Poker

UFC chief gives some interesting background in Bloomberg television interview.
The young male demographic of Ultimate Fight Club fans, and the "tens of millions" of dollars in advertising offered to the company persuaded the Fertitta brothers to move into the intrastate online poker space, UFC chief exec Lorenzo Fertitta revealed in a televised interview with the program In the Loop on Bloomberg business news Thursday.
UFC has a massive following of young males who are also interested in online poker and fitness, prompting the company to extend the brand into online poker and around 100 fitness gyms, Fertitta told interviewer Betty Liu.
Major online poker companies had clearly recognised the potential of the fight club demographic, offering advertising and sponsorship offers worth "tens of millions" of dollars to the Fertitta enterprise, which it was unable to accept due to US legal constraints, Fertitta revealed.
With the legalisation of online poker at state level now a fait accompli, Fertitta Interactive formed the Ultimate Gaming company to operate its intrastate online poker offering Ultimate, which to date remains the only legal online poker operator in the United States on its Nevada licence.
The UFC chief said that the Fertitta divisions collaborated closely and that plans were already well advanced to enter the New Jersey online gambling market when licensing and regulation were implemented in November this year.
See the full interview here:

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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