Full Tilt Poker and Fertitta Interactive (the Fertittas are Station Casino owners) announced on Wednesday what many were buzzing about (and we broke) the past week: they would in fact be forming a partnership when online poker becomes regulated at the Federal level.
From a Howard Stutz article in the Las Vegas Review-Journal:
The agreement covers only potential federal legislation for Internet poker, said Tom Breitling, who co-owns Fertitta Interactive with brothers Frank Fertitta III and Lorenzo Fertitta and his longtime business partner Tim Poster.
In an email, Breitling said the partnershipbacks federal legislation, not Assembly Bill 258, which is being debated in the Nevada Legislature and authorizes the state to legalize Internet poker. Rival online gaming company PokerStars is backing the legislation…
…FullTilt and Fertitta Interactive will work toward the passage of federal Internet gaming legislation, he added. There would not be a tie-in with Station Casinos if the online poker site is created.
Definitely interesting that all of the Nevada-based casinos are pushing for Federal regulation, even though the Reid Bill clearly froze out current online operators for a period of time. And while PokerStars supports the Nevada Assembly Bill 258 (while favoring Federal regulation), Full Tilt and Fertitta Interactive do not.
Read more on the story here.
Read the WSJ story on the partnership here.