- Associated Press - Friday, April 22, 2016

PERKINS, Okla. (AP) - The Iowa Tribe of Oklahoma is moving forward with its plan to launch an international gambling website after a federal judge this week determined it is legal.

The Iowa Tribe expects pokertribe.com to be operational next month. The website will allow users from around the world to play casino games with real money.

The Oklahoman (https://bit.ly/213QSsv ) reported the venture is backed by Fred Khalilian and his company, University Entertainment Group. Khalilian estimated the venture could generate up to $1 billion a year in new tax revenue for the state.

The company thinks “the credibility of the tribe and the partnership with the tribe will give the players a lot of security,” Khalilian said.

The tribe went to court earlier this year for certification to legally operate pokertribe.com. In January, Iowa Tribe Chairman Bobby Walkup said the new venture will create a lucrative revenue stream for the tribe.

Walkup said that once tribal officials reviewed the facts, “we were able to see this as positive opportunity for our tribes, including present and future generations of tribal members.”

Khalilian said servers for the website will be maintained at the tribe’s headquarters in Perkins.

In 2010, the Federal Trade Commission shut down another company operated by Khalilian for alleged unfair and deceptive business practices. Khalilian later settled the civil lawsuit with the FTC.

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Information from: The Oklahoman, https://www.newsok.com


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