MENU
#Conor McGregor #UFC 216 #Tony Ferguson #GSP #Kevin Lee #Nate Diaz #Nick Diaz #Michael Bisping #Fight Night Rotterdam #Holly Holm #Darren Till #Anderson Silva #Demetrious Johnson


lorenzo-fertitta-2.jpg(This story originally appeared on usatoday.com.)

Online poker players are out of the darkness.

At least in the U.S. And at least on the Internet.

On Tuesday, Ultimate Poker (ultimatepoker.com) became the first to provide legal online gaming in the U.S.

Tom Breitling, chairman of Ultimate Gaming said this “is a big moment” for the 50 million poker players in the U.S. “because its been this roller coaster ride over the past decade and we know that people like to play online poker and know they can be in a safe and secure environment.”

Station Casinos LLC of Las Vegas, which is controlled by UFC co-owners Lorenzo Fertitta and Frank Fertitta III, owns a majority stake in Ultimate Poker. The poker room is the UFC’s exclusive online gaming partner.

This is the first step to the path of multiple states possibly legalizing online gaming, which could generate billions of dollars.

Bree Goldman, who played in the first hand today, expects “a slow buildup because of legislation issues,” but does expect growth eventually.

“I think this will be very popular, very quickly in Nevada,” she said. “It is going to take interstate pacts in order for this to expand. Until that happens it won’t be a huge explosion. But this is definitely a huge foot in the door for this market. This had to happen for legislation to pass.”

Currently, New Jersey and Delaware have passed legislation but have yet to play their hand. Nevada for now remains the sole state to have put their legislation into action.

The first deal was Tuesday at noon ET. Players must be at least 21 years old and be located in the state of Nevada. Players can register from other states prior to their arrival in Nevada.

Games will be as small as 25-cent bet tournaments and $300 limit table. The company believes the games will be a complement to casino gambling and not a competitor. The goal is to allow players who may be intimidated in a casino or otherwise more comfortable in an online setting.

With millions of Americans who play some form of poker, the company is pledging to create the tools to protect players and regulate the gaming space.

“This is, for Nevada, a new day,” Reno gaming analyst Ken Adams told the Gazette-Journal. “There’s been a huge amount of speculation on what online gaming means. Estimates in New Jersey run from $20 (million) to $30 million to $2 (billion) to $3 billion. The only way to find out is when it starts. Up to now, we’ve been talking in theories. Now we’ll get a peek at reality.”

Breitling said casino poker generates just 1 percent of all gaming revenues in Nevada and that online gambling should only aid casino gambling.

“A lot of people want to play online and offline poker,” he said. “We think it will drive what we call poker tourism. People will come here to play online but might qualify for an offline tournament. We’re all about making poker fun again.”

Added CEO Tobin Prior: “At 4 o’clock in the afternoon, when you want a game, it is a lot easier to put those people together on the Internet than it is to do it in a physical environment. It is a logical way to grow the market.”

According to the Associated Press, Internet poker has been strictly outlawed since 2011, when the Department of Justice seized domain names of offshore sites catering to U.S. customers. AP says the crackdown was dubbed “black Friday” and left poker fanatics with two options: visit a card room, or break the law and log into offshore sites.

“I think the real excitement will be when we get a very populous state like a California or a New York allowing these companies to expand,” ITG casino analyst Matthew Jacob told the AP. “But these changes often take longer to occur than people assume. It requires a change in law and then it takes a while from when the law passes until the sites are up and running.”

(Pictured: Lorenzo Fertitta)

view original article >>
Report here if this news is invalid.

Comments

Show Comments

Related News

Reminder: MMAjunkie Radio on vacation today, but catch up on past episodes now

  • 29 days ago
  • 2 views

MMAjunkie Radio is off a few more days this week following an MMA-themed trip to visit U.S. troops but will return Thursday. Now is the perfect time to download and catch up on past episodes.Filed un read news >>

Fight Night Japan: Fantasy Cheat Sheet

  • 29 days ago
  • 1 views

In today's fantasy preview, we'll examine several fights to see who has the edge going into these tight matchups, as well as any upsets that may be brewing at UFC Fight Night: Saint-Preux vs Okami. read news >>

USA TODAY Sports/MMAjunkie rankings, Sept. 5: Kamaru Usman on the rise at 170

  • 28 days ago
  • 12 views

After two busy weeks of MMA, we’ve got some new faces in the USA TODAY Sports/MMAjunkie MMA rankings.Filed under: AXS TV Fights, Bellator, MMA Rankings, News, UFC read news >>

Today, in gross-stuff news: UFC lightweight Dan Hooker's post-surgery knee

  • 28 days ago
  • 6 views

Dan Hooker’s right knee brought us excitement in June, when it delivered a knockout of Ross Pearson en route to a $50,000 bonus. His left one, however, isn’t doing too well at the moment.Filed under: read news >>

Reminder: MMAjunkie Radio on vacation today, but catch up on past episodes now

  • 28 days ago
  • 1 views

MMAjunkie Radio is off today following an MMA-themed trip to visit U.S. troops but returns Thursday. Now is the perfect time to download and catch up on past episodes.Filed under: News read news >>

Video replay: Today's UFC Fight Night 117 weigh-ins in Japan

  • 27 days ago
  • 38 views

Check out a replay of the UFC Fight Night 117 weigh-ins, which took place today in Tokyo.Filed under: News, UFC, Videos read news >>

Mizuto Hirota missed weight for UFC-Japan – and it was pretty scary

  • 27 days ago
  • 496 views

Mizuto Hirota was the last fighter to weigh in today for UFC Fight Night 117, and once he finally made it to the scale, it wasn’t pretty.Filed under: Blue Corner, Featured, Featured Videos, News, UFC read news >>

Watch MMAjunkie Radio here (1 p.m. ET) with Adam Piccolotti, Beneil Dariush and Chase Kobrin

  • 27 days ago
  • 2 views

MMAjunkie Radio kicks off today at 1 p.m. ET (10 a.m. PT) with guests Adam Piccolotti, Beneil Dariush and Chase Kobrin.Filed under: Bellator, News, UFC read news >>

UFC Fight Night 117 Preview: 3 Fights You Can't Miss from Japan Card

  • 27 days ago
  • 8 views

I come before you today not to sell snake oil. UFC Fight Night 117 is not a good card. The card, which happens from the venerated Saitama Super Arena in Japan and airs Friday night in the United Stat read news >>

How to watch UFC-Japan tonight: Fight card, start time, online results, how to stream Saint Preux vs. Okami

  • 26 days ago
  • 105 views

The UFC returns to Japan tonight with UFC Fight Night 117. Here’s how to watch.Filed under: News, UFC read news >>