Software Provider Acquired by Fertitta Interactive

Cyberarts goes into hands of US land gambling group This week a report arrived that a veteran online poker and social bingo software provider, California-based Cyberarts has been acquired by another gambling veteran, a division of a US land gambling group that is responsible for the development of Station and Gold Nugget casinos, Fertitta Interactive. The deal seems to be another one in the line of preparative moves for the US legalization of online gambling/poker. Based on its provisions, Fertitta will take over the Cyberarts team, which will "continue to advance its industry-leading online products, including poker, while benefitting from FI's principals' casino expertise, extensive media platform, and proven success at reaching the coveted 21-40 year old male demographic." According to Cyberarts co-founder Chris Derossi "This is the right deal for CyberArts and a tremendous opportunity to continue to provide the best online gaming software in the United States. Fertitta Interactive's strong vision, commitment to seek federal regulation for online poker, and long history of gaming industry leadership make it the perfect new home for the CyberArts products and personnel." On the other side, a statement arrived from Fertitta Interactive exec Lorenzo Fertitta who specified that federal regulation of online poker in the country is what his company is highly supportive of. He also added that Fertitta “will be working on new products with the goal of ultimately providing consumers with a superior online gaming experience in a safe and secure environment. “ In a company statement, it has been specified that the company founded by Frank Fertitta III, Lorenzo Fertitta, Tom Breitling and Tim Poster, decided to acquire CyberArts in order to participate in the online "real money" poker and virtual gaming space. "Online poker is a convergence of traditional casino gambling, Internet marketing, technology and entertainment. The combined management team, at Fertitta Interactive/CyberArts, is uniquely positioned to meet the challenges of the online gaming industry," it was commented by Tom Breitling, principal at FI.