Station Casinos will acquire majority stake in Fertitta Interactive

11/14/2012 | (Las Vegas)

Station casinos said it would purchase 50.1% of Fertitta Interactive, which recently received a license to operate its online poker website in Nevada. Once the acquisition deal closes, company co-founders Tim Poster and Tom Breitling will each hold a share of 12.5% and entities of the Fertitta family will own about 25%. "This acquisition will provide Station the opportunity to capitalize on the global growth of online poker and other online gaming opportunities," said Marc Falcone, Station's executive vice president and chief financial officer.

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