Claims it was never paid by land-based partner
Nevada's first licenced online poker operator Ultimate Gaming will exit the New Jersey market, according to the Associated Press.
Ultimate Gaming accuses its land-based partner, the Trump Taj Mahal Casino, of "multiple contract breaches", saying it hasn't been paid in two months and is owed $1.5 million by the Trump Entertainment Resorts-owned casino.
"We wish things would have turned out differently for us," said Marc Falcone, the company's senior vice president. "Unfortunately, as they say in poker, we were not dealt a good hand."
"Money that the site generated and that we are owed, we were never given. It made it extremely difficult to operate under those circumstances."
Following termination of its online gaming agreement with the Trump Taj Mahal Casino Resort, Ultimate Gaming is not longer accepting new deposits and expects to wind-up fairly quickly.
"We are grateful to the State of New Jersey and the New Jersey Division of Gaming Enforcement for allowing us to be one of the first companies to bring online gaming to the citizens of New Jersey and appreciate their leadership as one of the first states to allow online gaming," commented Chairman of Ultimate Gaming, Tom Breitling.
"We are working closely with the Division of Gaming Enforcement to ensure a smooth transition for our online gaming customers as we wind down our New Jersey operations."
Breitling said Ultimate Poker hadn't shut the door on the possibility of re-entering the New Jersey market with a new partner at some stage in the future, but its immediate commitment and focus is on its Nevada operation. The company expects to roll-out Mac and mobile formats before the end of the year.
New Jersey Ultimate Gaming customers can go online at www.ucasino.com or www.ultimatepoker.com for more information concerning their accounts.
Online Casino News Courtesy of Infopowa