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Mitch Garber On Online Gambling

Interesting insights into Caesars Interactive Entertainment in newspaper interview
Mitch Garber,  the former chief executive of Party Gaming who now heads up the interactive division of US gambling giant Caesars Entertainment, delivered some interesting titbits of information during an interview with the Montreal Gazette this week.
Caesars Interactive Entertainment is based in Montreal, where the multi-talented and well-paid Garber (he holds degrees in both law and industrial relations) now lives with his wife and two offspring.
The company is in expansion mode, says Garber who just a week ago bought out part of struggling software developer Electronic Arts, acquiring 19 of its Montreal employees and the intellectual property to the Facebook and mobile game apps they make for the World Series.
Garber, whose home town is Montreal, deployed his tertiary education in some interesting positions after graduating, working as a gaming industry lawyer and a Montreal sportscaster amongst other things before taking the reins at Party Gaming, where he earned around $17 million a year as chief executive.
He revealed that CIE has almost 500 employees based in Montreal and far-flung branches like Tel Aviv, Ukraine, Belarus and California, and that his companies' offerings have topped over 100 million downloads, making it one of the biggest social mobile app developers in the business.
Garber said that the advent of legalised online gambling at state level in the United States represented a major opportunity which CIE would exploit, with plans to have real-money online poker operating in Nevada by this summer and in New Jersey by the end of 2013.
In addition, the CIE development teams are currently working on a "...very sophisticated online poker platform."
Addressing the issue of national legalisation of online gambling, Garber opined that it is largely an education process on a relatively new medium, and that people are becoming less sceptical on the pastime and its technology. But he commented that politicians tend to be from an older generation and therefore need more education on the subject.
The need for more tax revenue has helped speed the drive toward legalisation in the United States, he said, noting that money that’s being made offshore could be made and regulated locally, creating employment income and taxes, and that's an important lobbying point.
Garber says a mix of technology and extremely stiff licensing requirements in North America reduces the risk of money laundering, problem gambling and the involvement of organised crime dramatically in the modern industry.
He has a high opinion of Loto-Quebec, which runs online gambling in Canada's Quebec province and where he was once a legal adviser.
"I have a great affinity for them. It’s the best government-run lottery and casino business in the world. They’ve been great partners to the World Series of Poker, and we’ll talk to them about getting involved online," Garber says.
Describing problem gamblers as a small but very important minority in the gambling industry, Garber observed that the industry has algorithms and software that can detect this sort of behaviour, and flag it for attention, and that there were online facilities for internet gamblers to self-diagnose and get help.

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Gambling News :

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

Novomatic has announced a legal action against Euro Games Technology - Online and land gambling equipment and games provider Novomatic has announced a legal action against Euro Games Technology Ltd., which it claims has unfairly created imitations of its slot games.

Starcraft ProLeague SHutting Down after 14 Years - Announcing the end of the road for the League, once pre-eminent in Asian eSports gaming, the Korean Esports Association blamed ethical scandals and competition for its decline in popularity.

Team Hot Launches - #teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.

Netent Q3-2016 Earnings Report - #netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.

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