888casino

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company

888casino, formerly Casino-on-Net, is an online casino founded in 1997 and based in Gibraltar. It is one of a group of online entertainment brands owned by 888 Holdings plc.

History

888casino is an online gambling site operated by 888 Holdings plc and licensed in Gibraltar, New Jersey, Denmark, Spain and a number of other countries and territories.[1][2] The site provides online casino games in download and web-based instant play for personal computers, tablets and mobile devices. 888casino offers traditional casino games to play online including classic table games such as blackjack, roulette, baccarat and craps, classic slots and video slots, video poker and Live Casino tables.[3] In 1994 the Free Trade & Processing Zone Act was passed in Antigua and Barbuda, opening the way for the development of legal online casinos.[4] Casino-on-Net, 888 Holding’s first online casino, was launched in May 1997,[5] and re-branded in 2010 as 888casino in order to unify the look and feel of other 888 Holdings offerings, 888poker, 888 games, 888sport and Wink Bingo.[6]

Originally established in 1997 by brothers Aaron and Avi Shaked along with partners Ron and Shay Ben-Yitzhaq, also two brothers, the company was originally called Virtual Holdings. Aaron Shaked claims to have come up with the idea of the online casino while attending a dentistry conference in Monte Carlo.[7][8]

888casino platform

The 888casino platform is powered by Random Logic software, a subsidiary of 888 Holdings that provides research, development, operations and marketing services.[9] Available in 23 languages,[3] 888casino offers online casino games for real-money betting and free practice play. New games are both developed in-house and supplied by external gaming companies such as Net Entertainment and Amaya Gaming.

The 888 Live Casino Tables offer players real-time casino games hosted by a live casino dealer. Games are streamed via a live cam streaming link and players place their bets and chat with their dealer via their computer screen. Live Casino tables offer blackjack, roulette and baccarat tables and a choice of professional male and female dealers.[10] With the exception of LIVE casino games, which are broadcast in real-time with live dealers via webcam, the 888casino "dealer" is really a computer. A Random Number Generator (RNG) is utilized to ensure that performance is truly random. 888casino uses the MD5 RNG which provides consistently random results. The system has been rigorously tested by running millions of rounds and examining results. The system is systematically tested by 888casino.[11]

United States

In October 2006, as a result of an act of the United States Congress,[12] online gaming firms had to end their presence in the US market, or face the threat of crippling criminal prosecutions. The end result was an exile from the US market for UK gaming companies. In March 2013, the Nevada Gaming Commission granted 888 an online license as an Interactive Gaming Service Provider, enabling 888 to become the first company uniquely providing online gaming by an US jurisdiction.[13]

Recently the state of New Jersey allowed online casino games to feature as part of its new regulatory regime.[14] In August 2013, 888casino signed an agreement with Caesars Interactive Entertainment (CIE)[15] through the group’s All American Poker Network (AAPN) joint venture with Avenue Capital enabling 888 to offer own-branded poker and casino products in New Jersey.[16] 888casino publishes an independently audited monthly Casino Payout Percentage and includes the Payout Percentage of each 888.com game, as well as the total average Payout Percentage of 888casino.[17]

Awards & Sponsorship

  • 888casino has won a number of awards:
Aword won.[18] Year.
Operator of the Year, eGR Operator Awards. 2013[19]
Poker Operator, eGR Operator Awards. 2013[19]

In August 2013, 888casino was title sponsor of the World Seniors Championship in Snooker.[20]

References

  1. "Remote Gambling". gibraltar.gov.gi. http://www.gibraltar.gov.gi/remotegambling/. 
  2. "888 announces launch of major brands in Regulated Markets Romania & Denmark". Regulatory News Service. September 3, 2015. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/888/12486662.html. 
  3. 3.0 3.1 "888casino - About us". 888casino.com. http://www.888casino.com/about-us/. 
  4. "Antigua & Barbuda Investment Authority". investantiguabarbuda.org. http://www.investantiguabarbuda.org. 
  5. "888 Holdings :: About Us :: Company History". 888holdingsplc.com. http://www.888holdingsplc.com/about_us/Company_History.asp. 
  6. "888 Holdings plc 888 Q4 KPI's and IMS". bloomberg.com. https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aWK9lFa1vH5M. 
  7. Matthew Garrahan (3 September 2005). "Lucky draw puts brothers at top of their game". Financial Times. http://www.ft.com/cms/s/0/72dd3a4e-1c16-11da-9342-00000e2511c8.html. 
  8. Paul Gallagher (17 February 2013). "Meet the pioneers who are making millions from online gambling". The Independent. https://www.independent.co.uk/news/uk/home-news/meet-the-pioneers-who-are-making-millions-from-online-gambling-8498155.html. 
  9. "gamblingland.com - gamblingland Resources and Information. This website is for sale!". http://www.gamblingland.com/software/randomlogic/. 
  10. "Play Live Casino Games at 888casino". 888casino.com. http://live-casino.888casino.com. 
  11. "888casino - Safe & Fair Online Gaming". 888casino.com. http://www.888casino.com/about-us/safe-and-fair.htm. 
  12. "A Lookback on the Unlawful Internet Gambling Enforcement Act of 2006. : CalvinAyre.com". Calvin Ayre News. http://www.calvinayre.com/2012/10/15/business/unlawful-internet-gambling-enforcement-act-2006/. 
  13. "londonstockexchange.com:License for 888casino to enter US market". http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11526901. 
  14. "gaming.nv.gov:888 casino operates in New Jersey". http://gaming.nv.gov/modules/showdocument.aspx?documentid=7774. 
  15. "888 Holdings and Caesars Team Up". 15marketing.co.uk. http://www.15marketing.co.uk/news_article/00119/888-holdings-and-caesars-team-up. 
  16. "888 joins with Avenue Capital for online gambling push in the US". The Independent. https://www.independent.co.uk/news/business/news/888-joins-with-avenue-capital-for-online-gambling-push-in-the-us-8529496.html. 
  17. "eCogra Certification". http://www.ecogra.org/certificates/certificate.aspx?cid=311#1. 
  18. "888.com, 888poker and 888casino Take Home the top 2013 EGR Operator Awards". prnewswire.com. 27 November 2013. http://www.prnewswire.com/news-releases/888com-888poker-and-888casino-take-home-the-top-2013-egr-operator-awards-233642421.html. 
  19. 19.0 19.1 "Archived copy". Archived from the original on 2014-05-14. https://web.archive.org/web/20140514103430/http://www.egrmagazine.com/egr_operator_awards_2014. Retrieved 2014-05-14. 
  20. "888casino.com ups snooker investment". sportspromedia.com. http://www.sportspromedia.com/news/888casino.com_ups_snooker_investment/. 

External links