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Thursday, 10 May 2012 08:00

Bwin Party Set to Provide Online Poker Games to the US

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Bwin.party has taken another step towards entering the US market, formally announcing a deal with the United Auburn Indian Community to provide online poker services in California.

The company is preparing for a change in US laws that would legalise internet gambling by entering a ten-year agreement with the United Auburn Indian Community, which operates the Thunder Valley Casino Resort near Sacramento. The UAIC would be eligible to apply for a licence to provide online poker games should California approve the proposed legislation to legalise intrastate online gaming.

The legislation, known as the Internet Gambling Consumer Protection and Public-Private Partnership Act of 2012, was proposed by Senators Wright and Steinberg on the 24th February, and allows for the licensed operation of online poker companies within the state of California. The proposed tax rate is 10%.

As a federally recognized California Indian tribe that already operates a casino resort within the state, the UAIC would be able to apply for a licence, whilst bwin.party would provide the software and the operational experience. The mutually beneficial partnership could be highly lucrative if the legislation is passed.

The co-CEOs of bwin.party, Jim Ryan and Norbert Teufelberger, said 'California is the largest state in the U.S. in terms of population and is known to have a significant number of poker players who like to play poker online. Combining our own significant assets and resources with those of UAIC will create a strong partnership that is well-placed to seize the opportunities that will arise if appropriate online poker legislation is enacted in the Golden State.'

David Keyser, Tribal Chairman of UAIC, said that the legalisation of online poker was 'inevitable' and that bwin.party was their first choice of partner.