Ultimate Gaming Withdraws From New Jersey Online Gaming Market

In the wake of Trump Taj Mahal Associates decision to file for chapter 11 bankruptcy, Ultimate Gaming has announced that the company has terminated its contract and will be withdrawing from the New Jersey online gaming market.

Trump Taj Mahal Associates closed the Trump Plaza Hotel & Casino earlier this week, becoming the fourth casino property in the city to shut its doors in 2014. Atlantic City started the year with 12 casinos but is now down to just eight.

Ultimate Gaming, backed by Station Casinos, originally teamed up with Trump Taj Mahal Associates in June of 2013 because the company did not own or operate a casino in New Jersey. Now Ultimate Gaming has ended the partnership for what the company claims is “multiple breaches” of contract.

“We are grateful to the State of New Jersey and the New Jersey Division of Gaming Enforcement for allowing us to be one of the first companies to bring online gaming to the citizens of New Jersey and appreciate their leadership as one of the first states to allow online gaming," said Chairman Tom Breitling in a statement. “We are working closely with the Division of Gaming Enforcement to ensure a smooth transition for our online gaming customers as we wind down our New Jersey operations."

Online gambling made its New Jersey debut in November of 2013 and has had six licensed online gaming sites in operation. Ultimate Gaming’s revenue most recently placed last, with just $587,000 earned in July. The Borgata and Bwin.party continue to lead the pack, bringing in over $3 million each month, with Caesars Interactive Entertainment and their WSOP branded site following just behind.

Ultimate Gaming will continue to offer online poker in Nevada.

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