Major Casino Operators Partner with the Two Largest Online Poker Sites in Push to Legalize Internet Gambling

March 31, 2011 10:07 AM EDT
Fertitta Interactive entered into a partnership with Full Tilt Poker, a popular online poker site, according to reports Thursday from the Wall Street Journal.

This is the second time in a week that a casino has forged a bond with a poker website that operates in the U.S.. Last week Wynn Resorts (Nasdaq: WYNN) announced that it was partnering up with PokerStars, Full Tilts leading competitor.

With the U.S. government outlawing financial transactions for online gambling back in 2006, this means doing business with these companies is considered illegal until the legal climate changes.

Wynn and PokerStars are pushing for a bill that allows for online poker sites within the state of Nevada for its residents. If the bill succeeds, the company’s will soon after attempt to expand it to more states around the U.S.

PokerStars and Full Tilt gaining the backing from casinos such as Wynn and the Fertitta brothers should really contribute in the efforts to pass a new bill.

Currently Full Tilt Poker is a brand name for virtual poker rooms licensed by Alderney in the Channel Islands. The company's software is provided by the Dublin-based Tiltware LLC and affiliated company Pocket Kings Ltd.

Tom Breitling, a partner in Fertitta Interactive said, "We are firm believers in regulation and think that the time is now for online poker to be legalized, taxed and regulated."

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