Las Vegas billionaire Steve Wynn’s Wynn Resorts will partner with 888 Holdings to offer real money online poker games in Nevada’s newly regulated market.
Avenue Capital Group and 888 Holdings had partnered to launch a brand new online poker network called All American Poker Network. Wynn Resorts plans to launch a new online poker room on this network in Nevada. According to the online poker regulations in the Silver State, only land casino companies based in Nevada can run online poker sites, but these land-based casino companies are allowed to form partnerships with offshore software providers and technology companies such as 888 Holdings.
Brian Mattingley, the chief executive officer for 888, said: “This is exactly the type of partnership we’ve envisioned when we formed AAPN with our partners in Avenue Capital. The challenge of establishing a robust, entertaining offering with ample player liquidity is one of our prime goals, in direct continuum to 888’s success in other regulated markets such as Spain and Italy.”
He further said: “Wynn’s market footprint and reputation will allow it to leverage our technology and products as it did so successfully in the land-based world.”
WSOP.com, an online poker brand belonging to Caesars Entertainment Corporation, also runs on 888’s online poker platform. Caesars launched WSOP.com in Nevada recently. 888 has also partnered with Treasure Island Casino.
888 Holdings also has its feet in Delaware as the state lottery recruited it along with Scientific Games as the chief vendor for its online gambling system. Delaware plans to launch real money online gambling sites this fall.
Just before Nevada legalized online poker, Wynn Resorts was holding talks with PokerStars to form a partnership to offer online poker products in Nevada. After the federal government cracked down on PokerStars on Black Friday, Wynn Resorts broke all ties with PokerStars.
New Jersey, Delaware, and Nevada are the only three states in the US to legalize online gambling. While Nevada has legalized only online poker, New Jersey and Delaware have legalized several other forms of online gambling. Besides, many other US states are planning to legalize online poker.
AAPN Executive Chairman David Licht said: “AAPN is honored to be selected by Wynn to be its online gaming partner. The platform and ancillary services AAPN will offer through 888, coupled with Wynn’s marquee brand, which is synonymous with quality and trust, will further establish our offering in the forming U.S. regulated online gaming market.”