Online Poker

Former Party Poker Executive Joining Harrah’s

by Poker Team

Last week, news broke of PartyGaming’s settlement with the US government for its activities prior to the enactment of the UIGEA in which they paid a $105 million fine and admitted wrongdoing.  Just yesterday, it has been reported that Harrah’s Entertainment has reached an agreement with Mitch Garber, former chief executive of PartyGaming, to be the head of its newly formed internet operations company, a development which is interesting due to the fact that the US Government has put pressure on outlawing online gambling in the US altogether.

With news that Representative Barney Frank, who has long opposed the UIGEA and has fought tooth and nail to work towards internet gambling regulation by the federal government, is planning to introduce a new bill later this month, rumors are flying that this move signals Harrah’s belief that the industry will be reopened to the US in the not too far distant future.  In fact, back in 2007, Harrah’s chairman, Gary Loveman, even predicted online poker would be legal in the US by 2009.  In addition, several observers believe the fall of 2009 is the time it would happen and Harrah’s seems to be getting in prime position to take advantage of the possibility.

2009 marks the 40th anniversary of the World Series of Poker, an event which is operated by Harrah’s, which could also be another factor for this development. In hiring someone of Garber’s background, it seems as though the company is confident that his expertise will prove valuable in the months to come.  No details have been released regarding the terms of the agreement.

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