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Posted 3/25/11 : "We've examined the legal aspects carefully", say partners
After a two-hour hearing, the Nevada Gaming Commission this week approved a business relationship between the interactive division of Caesars Entertainment and 888 Holdings plc, the goal of which is to commercially exploit online gambling opportunities in Europe.
The liaison between the two companies had earlier received the blessing of the Nevada Gaming Control Board
Commission regulators appeared to accept the inevitability of online gambling legalisation, saying that the future could hold further partnership agreements.
Referring to a legalisation bill currently entering the state legislative process, Commissioner Randolph Townsend reportedly commented: "Whether this bill passes or not, there's going to be pressure on this board and this commission to authorize Internet gaming. This is the first of perhaps many relationships that will be developed over time."
Caesars and 888 executives and lawyers assured the commissioners that they have been careful in assessing both the relationship and the legalities of Internet gambling. 888 stopped offering online wagers in the United States after the implementation of the UIGEA in 2006.
Caesars Interactive chief exec Mich Garber did not comment on the specifics of Nevada bill AB258, but said similar legislative proposals in New Jersey, California and Nevada, and at the federal level, illustrate that the legalisation movement is picking up momentum.
Caesars Entertainment is on record as saying that it prefers a federal approach to regulated online gambling in the United States, rather than a state-by-state development of the industry.
"As a company, you clearly know that we have been lobbying and are in favor of legalised and taxable online gaming," Garber said. "We see this all as a very positive development for online gaming and we intend to be at the forefront of all these developments."
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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