Fertitta Interactive Positioning Itself for Legalized Internet Poker
Fertitta Interactive, owned by brothers Frank Fertitta III and Lorenzo Fertitta, announced the purchase of California online gambling company CyberArts Licensing LLC Wednesday.
The brothers, who also own Stations Casinos and the Ultimate Fighting Championship (UFC), are hoping to get a jump start should the US legalize online gambling, specifically Internet poker.
CyberArts creates Internet and mobile gaming sites for casino operators. The Fertitta brothers had previously aligned themselves with Full Tilt Poker just a week before executives in that company were indicted by the US Justice Department on April 15.
“Fertitta Interactive fully supports the federal regulation of online poker in the United States,” Lorenzo Fertitta said in a statement. “In CyberArts, we found a leader in the development and design of online gaming software with an exemplary track record of regulatory compliance. We will be working on new and innovative products with the goal of ultimately providing consumers with the best online gaming experience in a safe and secure environment.”
The prospect of legalizing Internet poker in the US as a means to generate billions of dollars into the nation’s struggling economy is gaining significant momentum in Washington. A House subcommittee hearing was held on Tuesday to determine the viability of embracing such an industry.
- Chris Costigan, Gambling911.com Publisher
