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Nevada Internet Gambling License For 888?

According to a report by Bloomberg, 888 Holdings is considering applying for a Nevada Internet Gambling License should legal hurdles be cleared.

Brian Mattingley, Deputy Chairman and Senior Independent Non-executive Director at 888 shared that 888 Holdings is in the advanced stages of discussions with Caesars about becoming partners in online gambling. He said that in reference to teaming up with Caesars, "“We would love to do it (partner) with them,”

Mr. Mattingley was excited about Nevada moving along with online poker regulations, and hopes that legislation passes on a federal level. He also stated that 888 Holdings would consider debt funding if it meant expanding to the United States or Spain, which is currently forming online gambling laws, although the company does not current need such funding at this time. “It’s just we don’t want to miss no-brainer opportunities as they arise,” said Mattingley, in reference to the issue of debt funding.

888 recently showed an increase of poker revenues, with sales increasing 58%. The betting company says that its active online customers total 342,000 as of the end of June, which is more than double that of a year ago.

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