Ultimate Gaming pulls online poker service from Nevada

Ultimate Gaming pulls online poker service from Nevada

Tuesday, November 18, 2014 Totally Gaming

Ultimate Gaming has opted to follow up its decision to withdraw its online poker offering from New Jersey by also pulling the service out of the Nevada market.

Majority-owned by Las Vegas-based casino-hotel firm Station Casinos, Ultimate Gaming last year became the first company in the US to launch a legalised and regulated real-money online poker website.

The site went live in Nevada shortly after the state announced it was to legalise online gaming. 

However, the operator has now decided to withdraw its services from Nevada due to financial reasons. Ultimate Gaming chairman Tom Breitling told the Associated Press news agency that the company had been finding it difficult to generate profit with online gambling being limited to a pool of players in single states.

Despite calls to introduce a wider regulated online gaming market in the US, Nevada and New Jersey, along with Delaware, are so far the only states to have legalised this form of gambling.

Under online gaming regulation, players in a these states are only able to go head-to-head with other players that are physically located in the same state as them, thus limiting operators’ reach and gaming options. 

“These factors have combined to make the path to profitability very difficult and uncertain,” Breitling said.

Ultimate Gaming did not respond to a request from TotallyGaming.com to clarify details of the withdrawal.

Ultimate Gaming’s decision to exit the Nevada market leaves just Real Gaming from South Point Casino and the World Series of Poker via Caesars Entertainment as the only two online poker services left in the state.

No alternative text provided

The Stars Group raises key funds as Czech expansion is unveiled

No alternative text provided

Ambitious 2020 target for M&A hungry Catena Media

SportPesa and Microgame combine for Italian expansion

No alternative text provided

Gambling.com eyes aggressive growth with Fredrik Burvall appointment

Gaming Products & Services Directory

The essential directory for the gaming industry