According to Mitch Garber, it is only a matter of time before online gambling is adopted in most states. There is more movement in the pro direction with States like NJ providing hard proof that the online gaming industry can be responsibly regulated and yield successful results.
2. At least 10 states are considering moving toward
creating legislation that allows the implementation or
expansion of Internet gambling. New Jersey,
Pennsylvania, Massachusetts, Mississippi, Louisiana,
Iowa, Illinois , Colorado, California, and Hawaii, have
all introduced proposals with New Jersey,
Massachusetts, Pennsylvania, Iowa, California and
Hawaii that already have bills pending. These recent
developments in pro-online gaming come as no
surprise to Caesars Interactive CEO Mitch Garber.
3. According to Garber, it is only a matter of time before
online gambling is adopted in most states. There is more
movement in the pro direction with States like NJ
providing hard proof that the online gaming industry
can be responsibly regulated and yield successful
results. In a CNBC interview the Caesars CEO he said
"We look at it as the second domino wave of gaming. It
started with Nevada and New Jersey with real, land-
based gaming. This is the online version of that. Nevada
first and New Jersey second. Other states come one at a
time."
4. Recently at the 2014 IGaming North America
Conference Garber emphasized that people have
become used to doing everything online and gambling
will follow suit because of the reality of the Internet.
Understanding the legitimate concerns of legalized
Internet gaming opposition, He pointed out that in his
21 years in the industry and billions of dollars in
transactions the fears of money laundering and terrorism
have not come to pass.
5. Despite the sluggish nature of the process of legalizing
online gaming, Garber remains optimistic. He is
confident once online and interactive gaming matures in
states that opt to approve it, other governments will
realize the incredible potential the industry has to offer
and will move toward legalization.
6. About
Caesars Acquisition Co., [CACQ] CEO Mitch Garber is
also the CEO and President of Caesars Interactive
Entertainment, a subsidiary of Caesars Growth Partners
and Caesars Acquisition Co.
He controls the World Series of Poker (WSOP) and all
social, mobile and real money interactive assets of
Caesars, Including casino brands such as, Harrah’s,
Caesars, WSOP, and others.