888casino, formerly Casino-on-Net, is an online casino founded in 1997 and based in Gibraltar. It is one of the Internet's oldest casinos,^[1] and in 2013 it became the first exclusively online casino to be licensed in the United States.^[2]

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• 1History

History[edit]

Casino-on-Net was established by brothers Aaron and Avi Shaked along with partners Ron and Shay Ben-Yitzhaq, also two brothers, in 1997. Aaron Shaked claims to have come up with the idea of the online casino while attending a dentistry conference in Monte Carlo.^[3][4] In 1994 the Free Trade & Processing Zone Act was passed in Antigua and Barbuda, opening the way for the development of legal online casinos.^[5]Casino-on-Net was re-branded as 888casino in 2010 to unify the look and feel with other 888 brands.^[6] By 2015 the site was licensed and operating in Gibraltar, New Jersey, Denmark, Spain and a number of other countries and territories.^[7][8]

888casino was title sponsor of the 2013 World Seniors Championship in Snooker.^[9]

In 2015, Gaming Intelligence magazine described 888casino as 'the only truly pan-European casino.'^[10]

In 2017, 888casino signed a deal to include slot games from Berlin-based Merkur Interactive Services GmbH, part of the Gauselmann Group.^[11]

888casino has been awarded eCOGRA's Safe and Fair assurance seal.^[12]

United States[edit]

As a result of an act of the United States Congress in October 2006,^[13] online gaming firms were forced to their presence in the US market, resulting in a mass exit from the US market for these sites.

In March 2013, the Nevada Gaming Commission granted 888casino a license as an Interactive Gaming Service Provider, making it the first company providing exclusively online gambling to be licensed by any US jurisdiction.^[2]

In January 2011, the New Jersey Legislature passed a bill sponsored by Raymond Lesniak to allow online gambling by New Jersey residents over the age of 21.^[14] In August 2013, 888casino signed an agreement with Caesars Entertainment Corporation^[15] through the group’s All American Poker Network (AAPN) joint venture with Avenue Capital, enabling 888casino to offer own-branded products in New Jersey.^[16]888casino publishes an independently audited monthly Casino Payout Percentage and includes the Payout Percentage of each game, as well as the total average Payout Percentage of 888casino.^[17] 888casino's payout rate is 95.1%.^[1]

Awards[edit]

References[edit]

Casino On The Net 888

1. ^ ^ab'888casino'. Gambling.org. Archived from the original on 2017-12-15. Retrieved 2017-12-15.
2. ^ ^abRobin Wauters (March 22, 2013). ''An historic moment': 888 first online gambling company to win US license'. The Next Web. Archived from the original on December 15, 2017. Retrieved December 15, 2017.
3. ^Matthew Garrahan (3 September 2005). 'Lucky draw puts brothers at top of their game'. Financial Times.
4. ^Paul Gallagher (17 February 2013). 'Meet the pioneers who are making millions from online gambling'. The Independent. Archived from the original on 27 August 2017. Retrieved 23 August 2017.
5. ^'Free Trade and Processing Zone Act 1994'(PDF). Government of Antigua and Barbuda. Archived from the original(PDF) on 2014-03-22.
6. ^'888 Holdings plc 888 Q4 KPI's and IMS'. Bloomberg. Archived from the original on 2015-09-24. Retrieved 2017-03-04.
7. ^'Remote Gambling'. gibraltar.gov.gi. Archived from the original on 2014-11-01. Retrieved 2015-07-01.
8. ^'888 announces launch of major brands in Regulated Markets Romania & Denmark'. Regulatory News Service. September 3, 2015. Archived from the original on June 26, 2018. Retrieved July 11, 2016.
9. ^'888casino.com ups snooker investment'. sportspromedia.com. Archived from the original on 2015-07-03. Retrieved 2015-07-01.
10. ^ ^ab'Casino Operator of the Year'. Gaming Intelligence. 6 February 2016. Archived from the original on 15 December 2017. Retrieved 15 December 2017.
11. ^'Ab sofort Merkur-Spiele im 888 Casino'. Game Oasis (in German). Archived from the original on 2017-12-16. Retrieved 2017-12-15.
12. ^'Safe and Fair Seals: Approved Casinos'. eCOGRA. Archived from the original on 2017-12-08. Retrieved 2017-12-15.
13. ^Fiona Walsh (2006-10-09). 'Last chance saloon for online gaming firms'. The Guardian. London. Archived from the original on 2017-12-16. Retrieved 2017-12-15.
14. ^'N.J. Senate Bill No. 490 (2010)'(PDF). Archived(PDF) from the original on 2016-04-23. Retrieved 2017-12-15.
15. ^'Wynn Partners With 888 Holdings For Online Gambling In Nevada'. Seeking Alpha. 26 September 2013. Archived from the original on 16 July 2014. Retrieved 15 December 2017.
16. ^'888 joins with Avenue Capital for online gambling push in the US'. The Independent. Archived from the original on 2017-12-15. Retrieved 2017-08-23.
17. ^'eCogra Certification'. www.ecogra.org. Archived from the original on 2015-06-11. Retrieved 2015-07-01.
18. ^'Global Gaming Awards 2014'. Gambling Insider. Archived from the original on 2017-09-27. Retrieved 2017-12-15.
19. ^'Archived copy'. Archived from the original on 2014-05-14. Retrieved 2014-05-14.CS1 maint: archived copy as title (link)
20. ^ ^ab'Die Gewinner der EGR Operator Awards 2013'. Agaco (in German). Archived from the original on 2017-12-16. Retrieved 2017-12-15.

External links[edit]

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Casino on net Operator

Cassava Enterprises (Gibraltar) Limited
Suite 601/701
Europort,
Gibraltar

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Money

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