A dispute between Trump Taj Mahal and Ultimate Gaming is forcing UCasino and Ultimate Poker to leave the New Jersey market. Ultimate Gaming states that Trump Taj Mahal and its parent company Trump Entertainment are in breach of contract and that the partnership agreement will be terminated.
It appears that breach is related to $1.5 million owed to Ultimate Gaming by Trump Entertainment, according to a bankruptcy court filing. Payments to Ultimate Gaming by Trump Entertainment stopped two months before the bankruptcy filing, according to these documents.
No closure date has been announced, but it is expected to be by the end of September. UCasino and Ultimate Poker have already stopped accepting deposits. The sites are encouraging players to withdraw funds immediately.
There is no concern about the security of player funds. All deposits and winnings are held in segregated bank accounts as required by New Jersey interactive gaming regulations.
UCasino was the last place earner for revenue of the six New Jersey regulated online casino licenses for the year-to-date ending August 30. Ultimate Poker is the fourth largest poker site out of the five licenses that offer poker. Only Betfair, which has raked just $49 in 2014, is smaller than Ultimate Poker.
This announcement does not affect Ultimate Poker in Nevada. The site is operating as usual through its partnership with Station Casinos.