888 Holdings Public Limited Company US Agreement with Caesars Interactive EntertainmentJanuary 31, 2012, 11:51 am (3 years ago)
First strand in US online strategy
Effective platform to contract with additional potential US partners
888 among first appliers for Nevada online gaming service supplier licensing
Extension of Caesars contract to US
Dragonfish, which is an independent B2B product, and Caesars Interactive Entertainment, Inc.(CIE), have further extended their UK software licensing deal with the US as to strengthen the 888's strategy targeting US market. This agreement will allow Dragonfish to manage a set of CIE's acclaimed and renowned poker brands as soon as online gaming is authorized under the new regulatory rule.
With 888's pioneering poker platform, the agreement is going to make it possible for the release of a real money offering to take place instantly as either Federal or state based regulation is settled and when it is licensed by gaming authorities.
Service Provider license requisition has been addressed to the Nevada Gaming Control Board (NGCB) previously by 888. In March 2010, the Nevada Gaming Commission (NGC) found adequate the September 2009 commercial partnership between CIE and 888.
Brian Mattingley, Deputy Chairman, 888, commented:
"888 has taken a deliberate appeal to regulation, which resulted in the successful review executed by the NGC, putting 888 and Dragonfish in advantageous position for the US market. This grant us a strong platform to deploy our ground-breaking, turnkey solution to other potential partners as the market becomes available.
We are excited to be expanding our partnership with CIE into the much-anticipated US market, and we are proud to be suppling them with the technology and tools to leverage and monetise their powerful brand.”
Mitch Garber, CIE CEO, commented:
“888 has been driving the World Series of Poker brand across the UK for the last 3 years with great success, and with recent impetus toward either a Federal or State by State regulatory environment, 888 is incomparably positioned to support either result, without postponing.”
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