This transatlantic move by online gambling execs happens in the wake of the recent rush by stakeholders to establish partnerships and joint venture agreements with US counterparts after the announcement made by the US Department of Justice that they are revisiting existing policy directions affecting the gambling industry.

This was confirmed by Clive Hawkswood, Chief Executive of the Remote Gambling Association during an interview with “This is Money” recently. “Major players in the industry are rethinking their positions and plans amid the encouraging signals coming from the US and I will not be surprised if we are going to see an influx of investors and stakeholders into the US side,” Hawkswood added.

This UK-based trade association accounts for the largest group of online gambling operators in its membership roster. Hawkswood confirmed that there is now an increasing transatlantic traffic with a significant number of their members seeking merger, expansion and joint venture opportunities in the US.

“Our members are now in various stages of forging agreements with key players in the US gambling industry and are now spending most of their time meeting with their US counterparts to finalize details of their proposed expansion plans,” Hawkswood confirmed. “We see a strong synergy as big players in the US have exhibited their acuity when it comes to brand awareness, while on the European side, we have demonstrated our ability to operate online gambling operations under a regulated setting,” he added.

“We expect US-based stakeholders to be linking with European counterparts that have shown capacity and wherewithal in operating a viable business venture and offer a set of business solutions that will help them get past the stringent regulations and policies in the US. They will most likely link up with companies that are publicly listed as they don’t want any surprises in their business ventures later.”

Posted on: January 6, 2012

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