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Is Caesars Ditching 888Poker

Thursday February 28,2013 : WILL CAESARS EVENTUALLY DITCH 888 POKER?
 
Intriguing comments from CEO Loveman
 
Comments made by Caesars Entertainment chief executive Gary Loveman during a post-results press conference this week had the newswires buzzing Wednesday as industry observers tried to predict what the company plans in the online poker environment, particularly in regard to its association with 888 Holdings.
 
The company has already announced that it is to partner with 888 in the launch of online World Series of Poker brand in Nevada, which has legalised intrastate online poker with the possibility that interstate compacts may be negotiated by the governor.
 
Caesars and 888poker have been successful in obtaining Nevada online poker licensing, and progress toward operational status in the Silver State is reportedly moving at pace.
 
However, during the press conference Loveman gave some intriguing hints at a possible association with another top gambling outfit with online poker ambitions - and the wherewithal to achieve them - the French firm Barrière des Jeux.
 
This is what Loveman told reporters, interpreted by more than a few as indicating that although Caesars-WSOP Online may launch on a 888 platform, it could switch to a Barriere alternative at some point in the future:
 
“We have the right to use [888's] software and introduce it, for example, in Nevada, under what we consider to be quite reasonable terms. I would expect that when we go live in Nevada, you will see us on the 888 platform.
 
“We also acquired the right to use and to customise the software platform of Barrière des Jeux from France. We think that is a state-of-the-art platform; we have developers working on its modification to suit the World Series of Poker as we speak.
 
“So at some point, when that modification is complete, we’d anticipate that we might migrate off the 888 platform onto the Barrière platform in due time.”
 
Unfortunately, Caesars presents its results in such a way that it is difficult to accurately break out the performance of its online and interactive enterprises from the core land gambling activities that fall under its Caesars Interactive Entertainment division.
 
However, Caesars clearly has a heightened appreciation of how beneficial to its results successful online activity can be, with Loveman dwelling for some time on the possibilities for the group in states like Nevada and New Jersey, where legalised intrastate online poker and gambling has been signed into state law.
 
"I believe the brands that will dominate that space are Caesars and World Series of Poker," he opined.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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