Betfair Partners With Caesars – Insight Given in Ultimate Gaming Shutdown

Posted By James Guill on October 3, 2014

Two major filings were made public in the last 24 hours. Betfair has finally found their new partner for New Jersey iGaming. Also, we have a little more insight into the shutdown of Ultimate Gaming.

Betfair Partners with Caesars

Betfair will continue to operate in New Jersey after receiving a transactional waiver to operate under the Caesars Interactive umbrella. As first reported by Chris Grove via Twitter, Betfair has entered into an agreement with Caesars Interactive Entertainment to continue offering online poker services in New Jersey.

In a document filed on September 24, Betfair has entered into a Data Center Sublicense agreement with Caesars and will move their servers to their Bally’s location. The NJ Division of Gaming enforcement then signed off on Betfair to offer services under Caesar’s license.

Betfair had previously operated under a license granted to the Trump Plaza, but that property’s closure in September meant that Betfair needed a new partner. The DGE allowed Betfair to still offer services in the state until Trump Plaza surrendered their gaming license.

Filing Gives Insight to Ultimate Gaming Shutdown

Chris Grove also tweeted a copy of the petition filed by Ultimate Gaming on September 19 in lieu of their shutdown in New Jersey. The document details the procedures for the site’s shutdown and repayment of former player funds.

Below are a few highlights from the document:

• NJ website to be maintained for 60 days to facilitate payouts
• Player accounts will be closed within two month of cessation of gaming
• Bank account used to facilitate the return of patron funds shall remain operational for a year
• All server equipment will be deactivated the date the site closes
• Copies of player databases will be provided to the DGE and Trump Taj. Ultimate Gaming will retain a copy.
• Ultimate Gaming will keep their database for 10 years.
• Hardware must be purged of all patron data prior to removal from Trump Taj

Ultimate Gaming pulled out of New Jersey last month following the Trump Entertainment bankruptcy filing. The Taj is scheduled to close in November if other arrangements are not made. Ultimate Gaming is now said to be focusing on Nevada and will concentrate on that market until California and other potential markets develop.

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