Park Place Internet Executives Flee
By darren
Park Place Entertainment Corp.'s Internet commerce division has been redeployed and the head of the division has left the company, a move that comes a few weeks after the company announced that it would hold off on developing an online gambling site for non-U.S. bettors.

Frank Han, Park Place's senior vice president of electronic commerce, and one other employee left the company last week, a spokesman said Monday. Han, appointed by Park Place's former chief executive, Tom Gallagher, was hired in part to explore Internet gambling opportunities.

But enthusiasm for Web casinos has diminished as the prospect of legalizing them in the United States grows slimmer, a development that may have repercussions in other countries, experts say.

Last month, Park Place spokesman Robert Stewart said the regulatory environment surrounding online gambling was getting 'more, not less complex' and that the company would not be pursuing a pending license application to introduce a Web casino in the Isle of Man, an island off the coast of Britain that has developed Internet gambling regulations and now hosts a site of competitor MGM MIRAGE.

Several other major gaming companies have remained silent on the subject of operating Web casinos, and others, including Station Casinos Inc., have exited the business over regulatory concerns. MGM MIRAGE and a sister company of the Venetian casino resort, which was recently awarded a license to pursue a site on one of the British Channel Islands, remain the most aggressive Las Vegas companies to seek online opportunities.

Online Casino provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.