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Ultimate Poker Coming To New Jersey
Thursday August 8,2013 : NEW JERSEY THE NEXT STEP FOR ULTIMATE GAMING
Partnership with Taj Mahal Associates has applied for New Jersey online poker licensing
Station Casinos, the parent group of Nevada online poker operator Ultimate Gaming, released its Q2-2013 overall numbers Wednesday, posting profits of 11 percent.
However, online poker observers hoping for an insight into the profitability so far of the nascent intrastate online poker activities of Ultimate Poker in Nevada were disappointed - these were not disclosed.
Chief financial officer Marc Falcone nevertheless gave a few tidbits, commenting that an entry into the new Atlantic City online gambling market was the company's next priority, in partnership with Taj Mahal Associates LLC, and that the partnership has applied for online poker licensing in anticipation of a market opening in late November.
“Ultimate Gaming’s entrance into the New Jersey market is our next step in expanding our presence in the online gaming industry,” Falcone said during a conference call.
He also revealed that operating costs associated with the launch of Ultimate Poker.com, which commenced operations just over three months ago in Nevada in a pioneering move for US intrastate online poker, had come in at $1.6 million
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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