Alphabet (GOOGL) slips after hours despite Street-beating Q2 >>> READ MORE

Online Gaming Firm Gets First-Ever U.S. Permit

888 says it will begin offering Internet gambling soon


online poker gamble gambling 630Gibraltar-based 888 says it has been granted a license to provide Internet gambling in the Nevada.

If true, it’s the first time that Internet-based gambling — which was banned in 2006 by an act of Congress — has been approved by the Nevada Gaming Commission, reports Reuters.

Even though barred in the U.S., the firm expects that the changing legislative climate will allow it to operate soon. Federal legislation permitting Internet gambling is set to be introduced in the next few months in the House of Representatives.

Plus, 888 has already signed its first deal in Las Vegas. When possible, it will begin offering online poker through the Treasure Island Casino on the Las Vegas strip. The firm also hopes to offer its full suite of casino, poker and bingo online games throughout Nevada.

More stories about gambling:

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC