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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  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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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