Wynn announces strategic alliance with PokerStars

AP News
Posted: Mar 24, 2011 8:47 PM
Wynn announces strategic alliance with PokerStars

Casino operator Wynn Resorts Ltd. says it has formed a strategic alliance with PokerStars, the world's largest online poker website, to try to legalize and run an Internet poker business in the United States.

Billionaire CEO Steve Wynn said in a statement late Thursday that law enforcement doesn't have the tools to stop Internet gambling. He says lawmakers should legalize and regulate the activity to create thousands of jobs and tax revenue for the United States.

The announcement comes the same day PokerStars pushed lawmakers in Carson City to adopt a bill that would legalize online poker.

Also Thursday, Nevada gambling regulators approved a relationship between Caesars Entertainment Corp. and 888 Holdings PLC to let the companies run Caesars branded online gambling sites in the United Kingdom.