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Station Casinos partners with Fertitta Interactive

Wednesday November 14, 2012 : STATION CASINOS TO AQUIRE MAJORITY STAKE IN FERTITTA INTERACTIVE
 
Well positioned to become leader in online gaming says Company
 
Las-Vegas situated Station Casinos LLC has entered into an agreement to acquire a majority stake of 51 percent in Fertitta Interactive LLC for an undisclosed consideration.
 
A company statement said the Company believes Fertitta Interactive is well positioned to become a leader in online gaming by leveraging existing capabilities and platform as well as its exclusive relationship with the Ultimate Fighting Championship (UFC).
Fertitta Interactive was formed in 2011 with the purchase of Cyber-Arts, an Oakland, California based company, which has developed a real money and social gaming platform under the Ultimate Gaming brand. The Cyber-Arts technology provides a proprietary, highly scalable and robust platform that has a proven track record in the global online marketplace.
 
Marc Falcone, Executive Vice President and Chief Financial Officer commented on the deal saying: “This technology represents one of the few established online poker platforms in the world that has never taken wagers from a jurisdiction in which such wagers were illegal.
 
“It is critically important to us that we own the technology, which allows us to control the perpetual innovation cycle. We are one of the only U.S. gaming companies to develop and own its technology. We are excited about the possibilities that Ultimate Gaming presents and believe this creates a long-term value driver for Station Casinos.”

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Gambling News :

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

Rooster Slot Launches - “Rooster” offers 243-ways-to-win along with a big chase in the free games bonus round, where all 5-of-a-kinds are multiplied by the lucky number 5!

Scientific Games Completes DEQ Systems Corp Acquisition - Scientific Games has completed its acquisition of table games product developer DEQ Systems Corp after a deal was announced at the end of August 2016 .

Asia Gaming To Showcase Live Dealer Action - Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.

25 Unlicensed Gambling Operators still in Czech Republic - Ondracka claims that the Finance Ministry has not been "resolute" in acting against the illegal operators, who he says include major companies.

2017 Aussie Millions Event 6 - Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.

2017 Ice Totally Gaming - Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.

Prince Edward Island Writes off Casino venture as Bad Debt - The debacle has resulted in stricter financial disclosure rules being introduced with which government ministers and their departments will have to comply - especially regarding loan and other write-offs of taxpayer monies.

IGT in 7 Year Deal With Svenska Spel - #IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.

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