Interactive Gambling for Caesars Approved By Nevada GCB

Published Thursday, March 10, 2011 -

After careful and elongated deliberation a three member panel of the Nevada Gaming Control Board have decided that Caesars Entertainment has not breached any rules set out by the board concerning its relationship with subsidiaries of Internet gaming firm 888 Holdings.

Caesars has formed working agreements with Fordart Ltd., and Cassava Enterprises Ltd. companies, that are subsidiaries of 888 Holdings, operating under the laws of Gibraltar. It is thought that the relationship will help Caesars grow their World Series of Poker brand while also allowing Caesars to operate in the UK market.

Speculation is rampant that this move by the Nevada Gaming Control Board is a signal that the rules will eventually be changed in the USA, and the prohibition on online gambling will be scraped. Upon issuing the verdict by the Control Board it was emphasised that the approval was not a licence, but a recognition that an acceptable business relationship between the companies existed and it was in line with the Nevada Foreign Gaming Act.
Panel member A.G. Burnett commented earlier "It's a business to business agreement that would allow Caesars to offer games in the UK," Mr. Burnett added, "The UIGEA is vague at best and was done in haste and it's passage forced (888) to abandon the US market to its detriment." This comment was a reference to the interactive division of Caesars based in Montreal and its relationship with 888 Holdings’ B2B  division Dragonfish.

Caesars Interactive Chief Executive, Mitch Garber, commented, about the verdict,  “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 March 24, by the Nevada Gaming Commission at its next meeting the partnership will be the first time an online gambling business relationship will be accepted by the Nevada Gaming Control Board.



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