888 Holdings Seeks to Create All American Poker Network
18 March 2013
According to iGaming Business, online gambling mega-operator 888 Holdings has established a joint venture with Avenue Capital Group, a global investment group, to create an online gambling offering in the United States, pending state or federal regulation.
The All American Poker Network, the name of this joint-venture project, will provide its product wherever it will be legal to play online poker in the United States. 888 Holdings currently is awaiting final authorizations to provide online poker to three casinos in Nevada. Treasure Island Hotel and Casino and Caesars Entertainment Corp are among the three iGaming Licenses recommended for approval by the Nevada Gaming Control Board.
Said Brain Mattingly, CEO of 888 Holdings, in the iGaming Article:
“Our World Series of Poker agreement with Caesars gives us an excellent business-to-business deal with one of the largest global gaming brands and most prominent casino operators and we also have a strategic alliance with one of the largest gaming machine manufacturers in the world [in] WMS Industries Incorporated. We now have a significant financial partner for our leading business-to-consumer product, the final piece in the jigsaw completing our United States online strategy.”
Mattingley goes on to state that the venture project could not only “tackle a potential huge market” bu also takes advantage of “the significant opportunities that will be provided by a regulated United States gaming market.”