BUSINESS

Harrahs Entertainment Nevada gaming application will set a crucial precedent

TAGs: Harrah's Entertainment, Nevada Gaming regulators

Key decision in Nevada

Key decision in Nevada

Online operators will be watching the outcome of Harrah’s Entertainment Inc’s application to Nevada gaming regulators for a suitability approval of its partner, Dragonfish, like hawks. Because Dragonfish is a division of 888, which operated online gambling in the US prior to the passing of the UIEGA… much like Bwin, Playtec, Bet365, Bodog (Morris Mohawk Gaming Group took the bodog brand back into the US under a brand licensing agreement after the original bodog exited that market) and countless other major brands that did not pay the US Government a voluntary tax to settle any hypothetical issues related to this. Indeed, the only company that did pay a hypothetical tax to the US authorities is Party Gaming.

The point is, if the regulators in Nevada do consider 888 to be a suitable partner, then there is no obvious reason whatsoever why any other of the groups that previously took US wagers but left the market after passage of the UIEGA should not also be allowed to return to the US – so long as they return in the right way. Read more.

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