The Venetian Looks into Online Gaming ProspectsPublished September 1, 2002 by OCR Editor
The Venetian Casino Resort Athens LLC. is reported to have been looking closely into acquiring online casino operating licenses.
A Las Vegas Venetian Hotel and casino affiliate has advanced on a new Online gaming project and is also looking into prospects the Indian gambling scene may offer. An application for an online gambling permit in Alderney, situated in the British Channel Islands has already been submitted by The Venetian Casino Resort Athens LLC. Last week the company revealed notable data in a Securities and Trade Commission report that mentioned the Venetian Casinos had joined in on a business endeavor accord back in January.
The report said, "We have applied for an Internet gaming license in Alderney, but have not yet established any operations."
However, if the Venetian Casino is incapable of acquiring the necessary authoritarian Sanctions in Nevada, Alderney and other areas, in that case the pact would likely be defunct.
No other information was disclosed regarding the Indian gaming prospects by the corporation.
At present, Sheldon Adelson, an entrepreneur who runs the Venetian, follows suit as they tag along with the MGM Mirage and Station Casinos of Las Vegas in an attempt to investigate Online gaming possibilities abroad.