
Thursday last week saw Nevada gambling regulators vote to allow one of the world’s largest land based casino enterprises to do business with 888, a Gibraltar based online gambling company which is one of the biggest in the industry and is publicly traded on the London Stock Exchange. The vote led to the approval of the business relationship between the two giants, namely Caesars Entertainment Corp and 888 Holdings PLC, which means that UK based online players can look forward to accessing over 50 casino in several countries, including the famous Vegas based Caesars Palace casino, as they move towards running online gaming sites through 888 for their various properties.
According to reports, this move has been years in the making and the Caesars group has long been positioning itself to launch into online gambling should this ever become legalised in the US, however the process has been a delicate one which has been mindful of assessing each other’s business practices and legalities of online gambling. In a statement, the group’s CEO, Mitch Garber stated that the UK was not the end of the group’s plan or vision and the group hopes to expand into online gambling in other countries going forwards as the various laws allow.
The 888/Caesars approval decision was made on the same day that Nevada lawmakers in Carson City gathered for a hearing on a bill to legalize state-wide internet poker. This bill in question was ironically pushed by a top poker website and fiercely opposed by land based gambling companies, including Caesars which are pushing for federal legislation instead.
According to Commissioner Randolph Townsend, whether the bill to legalise state-wide poker is passed or not, the board and commission will be put under immense pressure to authorize Internet gaming. This sentiment stems from the fact that worldwide online gambling revenue is estimated at figures of $24.2 billion in 2011 and around $26.1 billion in 2012, which the US would continue to miss out on should they continue to ban online gambling. Time will tell whether the bill will force lawmakers to amend past decisions, but in the meantime, UK citizens will have a whole lot more to look forward to in terms of variety.


