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CAESARS - 888 TIE-UP APPROVED IN NEVADA

Posted 3/10/11 : No problem with commercial relationship with 888 group
 
It's taken some time, but the business relationship between Las Vegas-based Caesar's Entertainment and Gibraltar's 888.com online gambling group  has been given the blessing of a three member panel at the Nevada Control Board.
 
The Board emphasised that the approval was not a licence, but a recognition that an acceptable business relationship between the companies existed in terms of the Nevada Foreign Gaming Act.
 
888.com and the interactive division of Caesars are collaborating in 'no US players' internet gambling enterprises in Europe.
 
Caesars has commercial relationships with two subsidiaries of 888 Holdings, namely Fordart Limited and the more widely known Cassava Enterprises Limited, assisting Caesars in expanding into the UK market with both online gambling and its World Series of Poker brand.
 
There were fears that 888.com's pre-UIGEA activities in the US market might prejudice its partnership with the Montreal-based interactive division of Caesars, but these were assuaged this week by the Board's approval and a comment by panel member A.G. Burnett, who addressed this aspect by saying:
 
"It's a business to business agreement that would allow Caesars to offer games in the UK. The UIGEA is vague at best and was done in haste and its passage forced [888] to abandon the US market to its detriment."
 
The Board heard substantial evidence regarding 888.com’s immediate withdrawal from the US market following the imposition of the UIGEA in 2006.
 
Caesars Interactive chief exec Mitch Garber said he regarded the development as a key step forward in the eventual legalisation of internet gambling in the United States.
 
“It was an historic moment,” Garber said. “It confirms that Internet gaming is a reality. It should allow us to look more and more at a federally regulated environment in the United States.”
 
If approved by the Nevada Gaming Commission when it meets March 24, the partnership will be the first foreign online gambling business relationship accepted for a Nevada licensee, although in 2007 approval was given for MGM to partner with Pansy Ho and her company in a Macau land venture.

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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