The country would legalize online poker
Caesars and 888 extend licensing deal to United States
2012-01-31
Reading time 38 seg
(US).- 888 Holdings Plc informed that a unit of Caesars Entertainment extended its UK software licensing agreement with the British online gaming company to the United States. The agreement would see 888’s arm, Dragonfish, power a selection of private poker brands of Caesars once online gaming is permitted under the new regulatory regime.
"Utilising 888's state of the art poker platform, the agreement will allow the launch of a real money offering immediately as either Federal or state based regulation is finalized and upon licensing by gaming authorities," 888 said in a statement on Tuesday.
As U.S. states scramble for tax revenue, the potential for legalizing online poker has led casino and gaming companies MGM Resorts International and Boyd Gaming to unveil a plan to partner with online poker company Bwin.party Digital Entertainment.
Last month, 888 had said it expected core profit for 2011 to be significantly above market expectations, aided by strength in its casino and poker businesses.
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