"Online Gambling: You Gotta Know When To Fold 'Em" ...ETF Daily News
This article in ETF Daily News is an interesting read. They give the history of online gambling, the government shutting it down and the new interest in it.
One of things mentioned is Ultimate Gaming, owned by mixed martial arts titans Frank and Lorenzo Fertitta. They've created a software and Website platform called, Ultimate Poker, where Nevada residents can legally play online poker. The article goes on to say, " Ultimate Poker is the first legal online real-money poker platform we've seen in America. It's a canary in a coal mine." Written by Greg Madison From Money Morning
What am I missing here??!! Who are the Fertitta Brothers and Ultimate Poker? Why does it sound like they are up and running in Nevada? It was a headline attached to BJK (ETF) on Google.
Just pumping up in the hopes of more clarity. I have been under the impression online gambling has yet to happen in the US. And this is the first I've heard of Ultimate Poker. I do realize a number of companies will be offering their own platform and software, but why are the Fertitta Brothers being called "The first legal online real money poker platform we've seen in America?" As far as platforms, ZNGA and Glu have that, too.