Caesars Entertainment CEO Gary Loveman in a interview this week with Forbes/Wolfe Emerging Tech Report offered his opinion and support for legalization of online poker.
Loveman's credentials are impressive as a Harvard University graduate and recognized as the gaming and lodging industry's best CEO by Institutional Investor magazine for four consecutive years. Whom has been with Harrah's-Caesars for the past 13 years and is instrumental in fact-based decision making and interaction with real time gamblers.
Loveman discusses the company's interest in online gambling, stressing the differences between online poker and online casinos.
"In the younger crowd, online gaming may not refer to gambling at all," he points out. "We are increasingly active in social gaming, where the underlying game is casino-related (such as the Texas Hold'em games on Zynga), but our company focuses on online poker—we own the World Series of Poker.
"When online poker was legal in this country, it was a huge and very profitable business. We are pressing very aggressively for the US Congress to legalize online poker, and I think we have a very good shot."
Loveman does not see online casinos or sportsbooks legalized any time soon in the United States.
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