888 Holdings is a company that has clearly expressed their interest in breaking into the online gaming industry. Up until this point, most I’d assume that Treasure Island and their parent companies would also be looking to get in on the large amount of revenue that online gaming is expected to bring in. A number of companies had already been approved by the state gaming control board, and it appears that the state is willing to bring in more companies into the fold. The interactive gaming landscape drastically changed after Gov. Brian Sandoval signed legislation. Now, individual companies can be licensed by the state to run operations involving poker gambling online, so long as they adhere to the regulations that are put into place.
Now, it looks like to new companies want to get into the fold. Those companies being 888 Holdings and Treasure Island. The two companies have decided to join together in an effort to offer online poker using the technology and experience that both companies currently have in the European market, where online gambling, and poker specifically, are still currently allowed. Among the announcement, was also that 888 Holdings would be building a World Series of poker website for Caesar’s Palace as well.
The company had previously operated in the American market, but ceased once a number of companies were shut down. Stop taking any money online from individuals in America, once the Unlawful Internet Gambling Enforcement Act was first passed in 2006. In total of 19 companies have Artie been approved for the interstate gaming, and do not have to reappear in front of the board in order to be eligible. Both 888 Holdings and Treasure Island still have to appear in front of the board before they can be officially approved.
A number of other companies are also seeking approval from the board, as attempting to get in on Internet gambling has become a hot spot for competing companies. With most of the major casinos, and online established gambling companies, both looking to get in on what is sure to be a lot of potential revenue, it comes as no surprise that you see two large companies teaming up to offer a solution under both France.
For right now, many of the companies are waiting to see what is going to happen on the federal level before making any further advancement. It is thought that the federal government will, at some point, past online gambling legislation that regulates the industry, but it is not currently certain whether not that legislation could potentially be passed in 2013. It will certainly be interesting to see how the bills pan out, and whether not they are able to secure the legislation that they think that they will from the federal level. Until that time, Nevada continues to license individual companies to offer poker online, giving them an excellent opportunity to increase revenue not only for the company, before the state as a whole. This should prove to be an excellent use for both tax revenue within Nevada, as well as the economy.