PartyGaming exec joins Harrah's online
After two years of negotiations, PartyGaming (owner of PartyPoker) agreed to pay the United States $105 million and admitted that operating its gaming sites within the U.S. was illegal.
In exchange, Party will not be prosecuted in any way.
If the U.S. government or individual states ever regulates online gaming, this positions Party at the forefront, having cleaned its slate of any wrongdoing.
And now, we hear that Mitch Garber, former chief executive of PartyGaming, has been snatched up by Harrah's to run an online division.
What exactly that online division is, is unknown, but we've long suspected the big casino conglomerates (including MGM Mirage) of being interested in online gaming and being proponents of getting it legalized in the U.S.
Now with the economy and brick and mortar casino profits down, online revenue is looking ever attractive.
Harrah's owns the World Series of Poker. An online poker site with the WSOP brand, run by a former PartyPoker exec, would do very well indeed.
