British Gambling Group Sportingbet Talks to American Foxwoods

United Kingdom online gambling giant Sportingbet is negotiating with America land-based group Foxwoods.

British gambling laws - GamingZion

The renowned British online gambling company Sportingbet, operating in full compliance with British gambling laws, is apparently hosting talks with Foxwoods – a well-known American land-based gaming group.

Sources close to both companies told United Kingdom gambling news that both gambling groups have made substantial progress in the negotiations. Sportingbet is not hiding the fact that they want to come back with a bang on the US gambling market.

The negotiations with Foxwoods reportedly focus on Sportingbet providing the American counterpart with a platform to operate online poker sites in United States, if such possibility arises legally.

Sportingbet is known for its state-of-the-art online gambling software powering a number of sportsbooks, poker sites and online casinos in United Kingdom and worldwide.

Sportingbet’s CEO, Andrew McIver, ensured the public that the final payment (in connection with Black Friday) to US authorities has been carried out. And now the company is ready to return to the American market without having to look over its shoulder.

He told the media: “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.”

Their direct rival, 888, is already enjoying a firm standing ready to take advantage of any upcoming change in US legislation. The gambling group landed a partnership with Caesars International Entertainment in order to go for Nevada gambling licenses once they become available.

888 CEO, Brian Mattingley, commented: “We are more than ready to take advantage of liberalization in the industry. We have a unique position in the US allowing the launch of a real money offering immediately as either federal or state based regulation is finalized and upon licensing by gaming authorities.”

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