The Nevada Gaming Control Board has approved a new partnership agreement between Caesars Entertainment, owner of the World Series of Poker (WSOP) brand, and 888 Holdings LLC. The deal now awaits approval from the Nevada Gaming Commission when it meets on March 24th. If it is approved it will be the first relationship approved for a Nevada licensee with a foreign Internet gaming provider and the second time a Nevada licensee would be approved to have a relationship with an operator under the state's foreign gaming statutes.

Representatives of Caesars have yet to disclose many details about what the new relationship with 888 subsidiaries will entail but Mitch Garber, CEO of Caesars Interactive Entertainment, told regulators the company would continue to utilize its World Series of Poker and Caesars brands in overseas markets through its relationship with 888 Holdings.

Throughout the voting process, Nevada Gaming Control Board members took great pains to explain that they only approved of Caesars' relationship with 888 subsidiaries and that they were in no way recommending licensing them.

As always, stay tuned to Casinofan for more news and updates.

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