Nevada Online Poker Site Deals 100,000th Hand

Ultimate Poker has registered thousands of online poker users from every U.S. state and 20 countries. That’s in just 72 hours. By Thursday evening, the website dealt its 100,000th hand of poker. Around 10 p.m., Ultimate Poker had 50 poker tables with action.

“I would say we were the largest poker room in the state at that hour,” Ultimate Gaming CEO Tobin Prior said Friday. Company officials said the launch of Ultimate Poker, the nation’s first legally regulated pay-to-play online gaming website, has exceeded expectations. Ultimate Poker Chairman Tom Breitling didn’t want to reveal official numbers for the website’s first few days, which can only accept wagers from gamblers playing on computers or mobile devices located within Nevada’s borders.

Breitling has shared the information with Nevada gaming regulators. He did say Ultimate Poker is collecting revenue through a rake — the percentage of wagers removed from each pot by the house. The website also collects revenue through tournament fees. Nevada will soon earn 6.75 percent of the revenues, the state’s first gaming taxes via online wagering.

Station Casinos, controlled by brothers Frank Fertitta III and Lorenzo Fertitta, owns 57 percent of Ultimate Poker. Breitling, who owns 14 percent, has led the development of Ultimate Poker, which has branding and marketing ties to the Fertitta-owned Ultimate Fighting Championship.

Breitling said players are registering as users both through the website and at cashiers cages inside all Station Casinos properties in Southern Nevada. Players can use the casinos to add money to accounts and withdraw winnings. What’s surprising, Breitling said, was the number of customers setting up accounts from outside Nevada through the website, even though they can’t access the action until they physically enter Nevada.

“I think that’s a testament to Las Vegas,” Breitling said. “People are planning their trips and are saying this will be a part of that trip.”

Read more at the Review Journal.