Thursday, March 24, 2011

Caesars and Wynn sign Online Poker Agreements

Caesars Entertainment and Wynn Resorts have signed formal strategic agreements with online gaming companies. This is the first time agreements like this have been allowed by the Nevada Gaming Commission.

Wynn is partnering with PokerStars. Caesars is teaming up with 888 Holdings. I would imagine MGM will announce a similar agreement within days, if not sooner.

Political red tape is sure to follow, but these agreements seem to signal the start of a movement to make online poker and gaming legal in Nevada, and even the USA as a whole.

For more about the agreements, check out MSNBC and The Wall Street Journal.

UPDATE: April 17, 2011.

It looks like the US government is effectively shutting down online poker. As a result of this Wynn has cut ties with PokerStars. Some people are speculating that the government is taking this action to clear the way for legalizing poker. I'm not sure if that makes sense or not, but I guess we'll have to wait and see.