The deal is in anticipation of pending US poker regulation and a follow-up to 888's recent approval as a licensee by the state of Nevada.
In short, 888’s business-to-business software arm, Dragonfish, will provide the software platform for Caesars online poker brands once US regulation has been finalized.
"Utilising 888's state of the art poker platform,” an 888 statement said Tuesday, "the agreement will allow the launch of a real money offering immediately as either Federal or state based regulation is finalized and upon licensing by gaming authorities."
888 was one of the first companies to apply for and be approved for a Nevada Gaming license back in March 2010.
In July of last year 888 Deputy Chairman Brian Mattingly told Bloomberg News that 888 was in advanced stages of talks with Caesars, was "very interested" in a deal and said expanding into the US was a “no-brainer.”