World Gaming (fka WGMGY)

[Sloth97]

Here's a suggestion from a more knowledgeable person:

Caesars Palace has teamed up with 888.com so they will fly if UIEGA loosens up

Caesars and Wynn Resorts have also been in the news recently regarding their relationships with online poker rooms. Last Thursday, the Nevada Gaming Commission approved the first ever business partnership between a state-licensed gaming company and a foreign-based internet gaming operator, as Caesars Entertainment and 888 Holdings teamed up.

Together, the two companies will market the World Series of Poker and Caesars brands to gamblers in the United Kingdom.

That news was followed by an announcement that Wynn Resorts had partnered with PokerStars to support online poker legislation in the United States. The partnership would create a new online poker site, PokerstarsWynn.com, if Federal legislation were made a reality. Unlike the Caesars/888 deal, the Wynn/PokerStars partnership has yet to receive legal approval from the Nevada Gaming Control Board or the Nevada Gaming Commission.


http://www.ashtoncartwright.com/2011/03/31/caesars-palace-dealers-reject-tip-sharing-policy/

You see many think that since the B&M (brick & mortar) gambling establishments supported UIGEA that they will benefit the most when it is overturned. UIGEA really killed online gaming companies so they are pretty hurt right now.

B&M gambling establishments aren't doing so well because of the economy but nobody made it illegal to accept money like online companies. Therefore, these B&M companies such as Caesars & Wynn can partner with online companies or acquire them for their software and sites to quickly establish a strong presence in the online market. They couldn't do that before the UIGEA since online companies were fairly powerful and had lots of cash to compete with these huge types of B&M businesses.

(B&M businesses are simply those that you can physically walk into. They're buildings made with such things as brick and mortar-thus the name , in case you didn't know that).

Many think that politicians falsely claimed to be against online gaming because of money laundering to terrorist groups, corrupting people and ruining lives when, in fact, they were against online gaming because they were being bought off by B&M companies and the horse racing industry. When politicians tell you that they are for less govt intervention in business and then intervene and completely destroy not only one business but an entire business industry, something stinks. As we all know, politicians are bought off all the time and that's what happened in the UIGEA case also in my opinion. B&Ms were losing money to people gambling at home in their pajamas and they wanted it shut down or knocked down to its knees so that it could come in and take it over. There's too much money in people gambling from home and they were pizzed off that they didn't have a big piece of the pie. They were too far behind to catch the online companies on their own and needed political help.

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