Backed by high-flying entertainment executives, ‘U.S. Digital Gambling’ is betting on US Federal law or at least Intrastate legislation to make online gambling legal. The way things are going at the moment, this could still go one of two ways, but this company is not taking any chances and they are expected to name a new CEO. The company was founded in 2009 by a former casino exec – Richard Bronson, and they are looking to name Jon Richmond, another ex-entertainment industry exec – their new Chief Executive Officer. Bronson was once in charge of development operations for Steve Wynn’s Mirage Resorts; apparently he remains close to the casino impresario. In the meantime U.S. Digital Gaming currently has no revenue stream and this is probably a good thing as far as online gambling in the US is concerned: it’s legislation and this company positioning itself as a provider. What it means is there are no existing black marks, unlike Poker Stars, Full Tilt and quite a few others. They are planning to offer services to other companies who wish to run online gambling concerns, and the range of services includes: guidance regarding law, software platforms, licensing rules, management of websites on behalf of clients and marketing as well as advertising operations. They are also planning to be in a position whereby they can move in, land on the ground running and quickly position themselves, once legislation has been passed. Bronson expected the legalization of online gambling in the US to spread from statehouse to statehouse before federal regulation comes about, and he says “There’s no doubt in my mind that this is upon us.” As far as we are concerned, if he does not know the business, who does? Outside investors who seem to trust his intuition have backed him to the tune of $3million!
