888casino

888casino
Public company
Industry Online casinos
Founded 1997
Headquarters Gibraltar
Area served
 Worldwide
Parent 888 Holdings
Website 888casino.com

888casino, formerly Casino-on-Net, is an online casino founded in 1997 and based in Gibraltar. It is one of the Internet's oldest casinos,[1] and in 2013 it became the first exclusively online casino to be licensed in the United States.[2]

History

Casino-on-Net was established by brothers Aaron and Avi Shaked along with partners Ron and Shay Ben-Yitzhaq, also two brothers, in 1997. Aaron Shaked claims to have come up with the idea of the online casino while attending a dentistry conference in Monte Carlo.[3][4] In 1994 the Free Trade & Processing Zone Act was passed in Antigua and Barbuda, opening the way for the development of legal online casinos.[5] Casino-on-Net was re-branded as 888casino in 2010 to unify the look and feel with other 888 brands.[6] By 2015 the site was licensed and operating in Gibraltar, New Jersey, Denmark, Spain and a number of other countries and territories.[7][8]

888casino was title sponsor of the 2013 World Seniors Championship in Snooker.[9]

In 2015, Gaming Intelligence magazine described 888casino as "the only truly pan-European casino."[10]

In 2017, 888casino signed a deal to include slot games from Berlin-based Merkur Interactive Services GmbH, part of the Gauselmann Group.[11]

888casino has been awarded eCOGRA's Safe and Fair assurance seal.[12]

United States

As a result of an act of the United States Congress in October 2006,[13] online gaming firms were forced to their presence in the US market, resulting in a mass exit from the US market for these sites.

In March 2013, the Nevada Gaming Commission granted 888casino a license as an Interactive Gaming Service Provider, making it the first company providing exclusively online gambling to be licensed by any US jurisdiction.[2]

In January 2011, the New Jersey Legislature passed a bill sponsored by Raymond Lesniak to allow online gambling by New Jersey residents over the age of 21.[14] In August 2013, 888casino signed an agreement with Caesars Entertainment Corporation[15] through the group’s All American Poker Network (AAPN) joint venture with Avenue Capital, enabling 888casino to offer own-branded products in New Jersey.[16] 888casino publishes an independently audited monthly Casino Payout Percentage and includes the Payout Percentage of each game, as well as the total average Payout Percentage of 888casino.[17] 888casino's payout rate is 95.1%.[1]

Awards

AwardYear
Best Casino Operator, Gaming Intelligence Awards2015[10]
Digital Operator of the Year, Global Gaming Awards2014[18]
Operator of the Year, eGR Operator Awards2013[19][20]
Best Casino Operator, eGR Operator Awards2013[20]

References

  1. 1 2 "888casino". Gambling.org.
  2. 1 2 Robin Wauters (March 22, 2013). ""An historic moment": 888 first online gambling company to win US license". The Next Web.
  3. ↑ Matthew Garrahan (3 September 2005). "Lucky draw puts brothers at top of their game". Financial Times.
  4. ↑ Paul Gallagher (17 February 2013). "Meet the pioneers who are making millions from online gambling". The Independent.
  5. ↑ "Free Trade and Processing Zone Act 1994" (PDF). Government of Antigua and Barbuda.
  6. ↑ "888 Holdings plc 888 Q4 KPI's and IMS". Bloomberg.
  7. ↑ "Remote Gambling". gibraltar.gov.gi. Archived from the original on 2014-11-01. Retrieved 2015-07-01.
  8. ↑ "888 announces launch of major brands in Regulated Markets Romania & Denmark". Regulatory News Service. September 3, 2015.
  9. ↑ "888casino.com ups snooker investment". sportspromedia.com.
  10. 1 2 "Casino Operator of the Year". Gaming Intelligence. 6 February 2016.
  11. ↑ "Ab sofort Merkur-Spiele im 888 Casino". Game Oasis (in German).
  12. ↑ "Safe and Fair Seals: Approved Casinos". eCOGRA.
  13. ↑ Fiona Walsh (2006-10-09). "Last chance saloon for online gaming firms". The Guardian. London. Retrieved 2017-12-15.
  14. ↑ "N.J. Senate Bill No. 490 (2010)" (PDF).
  15. ↑ "Wynn Partners With 888 Holdings For Online Gambling In Nevada". Seeking Alpha. 26 September 2013.
  16. ↑ "888 joins with Avenue Capital for online gambling push in the US". The Independent.
  17. ↑ "eCogra Certification". www.ecogra.org.
  18. ↑ "Global Gaming Awards 2014". Gambling Insider.
  19. ↑ "Archived copy". Archived from the original on 2014-05-14. Retrieved 2014-05-14.
  20. 1 2 "Die Gewinner der EGR Operator Awards 2013". Agaco (in German).
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.