888 Holdings Online Gambling Platform Storming America

Published Sunday, October 06, 2013 - Online-Casinos.com
888 Holdings Online Gambling Platform Storming America

The USA has become the destination for many online gambling operators that are seeking fortune if not fame. The European internet betting providers have been storming the newly regulated states of Delaware Nevada and soon New Jersey in attempts to get a ground level foothold in the lucrative gambling market in the States.

One firm that seems to be faring better than the rest is 888 Holdings based out of Gibraltar. One of the largest operators in legal European Internet gaming jurisdictions has deals to operate interactive gaming platforms in all three legal states.

888 Chief Operating Officer Itai Frieberger said, “We’re building a U.S.-based poker network,” Frieberger added, “The U.S. could become a very lucrative market,” and “We see this as a business opportunity that we can take to any state,”

New York City-based Avenue Capital Group has created a joint venture with 888 Holdings to create the All American Poker Network. Its plan is to market the 888 brand everywhere in the USA that becomes legal in the future.

888 Holdings Chief Executive Officer Brian Mattingley commented, “The agreement sees a leading U.S. financial institution backing one of the largest gaming platform operators in the world, joining forces to tackle a potentially huge market,”

Avenue Capital Group is a hedge fund, which manages more than $12 billion in assets. The resources are now there to capitalize on possible federal legislation allowing for online poker across the US.

888 Holding has number of agreements as mentioned one customer is Caesars Entertainment Corp. for which 888 provided the technical platform to launch WSOP.com in Nevada. This is a real money online poker site based on the famous Caesars World Series of Poker.

In New Jersey, 888 has a deal set up to launch online casinos for Caesars’s four Atlantic City resorts, maybe as soon as the end of November.

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