Sportingbet Reportedly in Discussions with Foxwoods Casino
Published on March 28th, 2012 10:39 pm EST
Add Sportingbet to the growing list of companies that are interested in servicing an opening US market (if only one state for now). According to the London Evening Standard (link below), Sportingbet is in "advanced negotiations" with Foxwoods Resort Casino regarding a possible joint venture between the two companies. According to the article, Sportingbet would provide an online platform while Foxwoods Casino would presumably provide the brand.
Sportingbet, like PartyGaming (now bwin.Party), entered into a settlement with the US government. This settlement, which saw Sportingbet pay $33 million over three payments, will presumably allow the company to re-enter the US market without any issues.
In late 2011, MGM Resorts International, Boyd Gaming and bwin.party digital entertainment announced a deal that would see the three companies combine for a joint venture. The deal would see MGM and Boyd would both run their own poker rooms using Bwin.party's technology and software. MGM Resorts Online and Boyd Gaming have both applied for operating licenses in Nevada's opening online gaming market, while bwin.party has applied for a service provider license. Sportingbet and Foxwoods would presumably have the same sort of arrangement as Bwin.party/Boyd Gaming/MGM.
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Sportingbet's CEO Andrew McIver had this to say about his company possibly re-entering the US market:
"Given that the US market continues to show signs of regulating both by product, and by state in the near future, various opportunities exist to re-enter the US market and we are reviewing these."
Source: ThisisLondon.co.uk - Sportingbet Wants to Take Another Shot at US After Paying Up
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Filed Under: Online Poker Rooms
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