FTSE 250 company 888 has been granted licence to operate its online betting products in the US state of Nevada.
The online gambling provider was given the green light as an interactive gaming service provider by the Nevada Gaming Commission in Las Vegas on Thursday.
"This is an historic moment for 888," said Chief Executive Officer Brian Mattingley.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"This is the first time a company uniquely providing online gaming has been licensed by any US jurisdiction."
The approval was expected after the state gaming control board voted to recommend the grant earlier this month to the company, which operates casino, poker and bingo games.
888 has already signed a deal with Las Vegas operator Treasure Island to launch online poker in Nevada.
Internet betting in the US was explicitly barred by Congress in 2006, but the restrictions are set to loosen with federal legislation to be introduced in the spring.
RD
-
RICS: Housing market continues to strengthen but 2025 could be challengingThe latest survey by the Royal Institution of Chartered Surveyors reports a resilient UK housing market, but warns of headwinds next year
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrencyAccording to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
