Legal & Regulatory News

London-listed 888 Holdings plc has become the first pure play online gaming company to be licensed by the Nevada Gaming Commission.

The commission took the decision to approve 888’s application for an Interactive Gaming Service Provider licence at a meeting Thursday, including the licensing of its key executives and controlling shareholders.

The approval clears the way for the company to launch its 888 brand under Treasure Island’s Nevada operator license, as well as Caesars Interactive Entertainment's WSOP poker brand in the US.

888 also has an agreement in place with WMS Gaming to provide online poker solutions to US licensed operators.

“This is an historic moment for 888. This is the first time a company uniquely providing online gaming has been licensed by any US jurisdiction,” said Brian Mattingley, 888 chief executive.

“Seen in the industry as the gold standard of global gaming regulation, we are delighted to have been awarded our licence to operate in the State of Nevada, a decision that vindicates our US strategy. We look forward to working with all our strategic partners and to re-launching the 888 brand in the US following the finalisation of platform approval.”

Shares in 888 Holdings plc (Co. Data) (LSE:888) were trading up 2.52 per cent in London early Friday morning at 166.70 pence per share.