Nevada Gaming Control Board Approves Deal Between Caesars Entertainment and 888Deal Would be First of its Kind for a Nevada License |
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On Wednesday, the Nevada Gaming Control Board said OK to a relationship between Caesars Entertainment, owner of the World Series of Poker brand, with subsidiaries of 888 Holdings LLC, an Israel-based internet gaming provider operating in Gibraltar, according to Richard N. Velotta of the Las Vegas Sun.
The deal between Caesars Entertainment and 888, which would be the first of its kind for a Nevada license, could be approved by the Nevada Gaming Commission later this month. Cassava Enterprises Ltd. and Fordart Ltd., subsidiaries of 888, offer online casino games, poker, and sports wagering in Europe.
According to the Las Vegas Sun, Mitch Garber, CEO of Caesars Entertainment, told regulators the company would continue to utilize its brands in overseas markets through a relationship with 888, explaining that Caesars chose to partner with the company because it already has online gaming hardware and software.
“It was a historic moment,” Garber said after the vote. “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.”
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