Ultimate Gaming has announced it will be closing its Nevada-based operations due to a lack of profitability.
Ultimate Gaming chairman Tom Breitling said: “The state-by-state approach to online gaming has created an extremely cost-prohibitive and challenging operating environment.
"These factors have combined to make the path to profitability very difficult and uncertain.” This comes two months after they pulled out of New Jersey.
Players must physically be in the state to place a wager and because of Nevada’s small population Ultimate has struggled to maintain the high number of players required for online poker.
The Ultimate Poker website is no longer accepting bets from players and the five Nevada casinos affiliated with Ultimate Poker have also ceased operations.
Source: Fantini Report
