Ultimate Poker circling the drain, throwing hail Marys

[Dan Druff]

Looks like Mason treaded on Union of the Snake before he got a chance to slither into people's hearts.

[IamGreek]

Again Druff?

[TheXFactor]

Yup.

Looks like I got this one right. Four days after I made a major radio topic out of Ultimate Poker being in a near-death state, it closed.

http://www.reviewjournal.com/busines...fter-19-months

More on this later.

The site was doomed pretty much from square 1.

Yeah, but I thought that Ultimate Poker was owned mostly by Station Casinos.
Ultimate Poker was being used to promote Station Casinos and try to get the locals to sign up, deposit money and play online poker.

I guess the Fertitta brothers thought that UP was no longer worth putting up another dollar.

Amount of cash lost??? $50 million? Maybe More?

Station Casinos also has a sportsconnection.com app for iOS and Android which hasn't been updated since 2012.

[duped_samaritan]

Interesting perspective from Terrence Chan.

[DutchDoDo]

http://www.terrencechanpoker.com/201...l?spref=tw&m=1

After hearing all this, I doubt hiring Todd would have made a difference. Main question is, why are they closing now?
You would think that after spending all this money, they could try to stay open till some bigger states are joining the legalized online poker market...

[Daniel72]

It´s a shame that they are closing.

Remember a 2+2 podcast where they celebrated the historic moment of the opening of the first regulated online poker room...

Ok, but from what i heard, it was anyways a "after nuclear war" poker room, a primitive & crappy poker site.

[herbertstemple]

http://www.terrencechanpoker.com/201...l?spref=tw&m=1

After hearing all this, I doubt hiring Todd would have made a difference. Main question is, why are they closing now?
You would think that after spending all this money, they could try to stay open till some bigger states are joining the legalized online poker market...

My guess is one of the owners got tired of losing money.

[Sanlmar]

After hearing all this, I doubt hiring Todd would have made a difference. Main question is, why are they closing now?
You would think that after spending all this money, they could try to stay open till some bigger states are joining the legalized online poker market...

Nevada is the only state that does not have a data-sharing agreement with our fine country’s tax authorities.

The IRS did have the power to issue a summons to UltimatePoker (or the other 2 for that matter) and check out a player’s records. But now they're history

Looks like Druff's W2-G can safely omit any profits made there.

California, on the other hand, will likely have dedicated fiber lines twixt the tax man and the on-line poker rooms. After all, that's the whole point, right?

First one's free Druff.