by LTDPipkin
21. April 2009 00:11
Accounding to a recent report in the Sunday Times, Mitch Garber the former CEO of PartyGaming is about to take a job a Harrah's, which owns the World Series of Poker. The new company will be formed to house its WSOP brand and internet operations.
The timing appears to be perfert for both parties. Garber's current contract with PartyGaming owners of Party Poker officially ends in May, and Congressman Barney Frank is scheduled to introduce in the new couple of weeks a new Gambling Regulation and Advertisement Enforcement Act (H.R. 2046), which aims to setup a legal and regulatory framework for online gambling.
Frank's is also attempting to repeal the Unlawful Internet Gambling and Enforcement Act (UIGEA) which is gathering more momentum
The appointment of Garber to run the online arm of Harrah's would suggest that we are moving closer to legalizing online poker in the U.S. And the obvious leverage of the WSOP-brand as an online poker room seems an obvious next step
Back in September 2007, Mitch Garber in an interview with the The Financial Times suggested he would be open to an approached by a major player in Las Vegas. Watch this space for more news.
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