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Caesars CEO Says Online Gambling Will Not Hurt Land Casinos
Thursday May 30,2013 : ONLINE GAMBLING UNLIKELY TO CANNIBALISE LAND CASINO BUSINESS
Caesars Entertainment CEO Gary Loveman says online and offline are complementary
Speaking to the publication BizJHournals at the $400 million Horseshoe Baltimore ground-breaking ceremony Wednesday, Caesars Entertainment chief executive Gary Loveman digressed onto the subject of the evolving online gambling legalisation scene in Nevada.
"We’re in this business [of] online gaming, both social gaming and online for-money gaming," Loveman told BizJournals.
"They are quite complementary to one another. It’s a different group of customers. They are enjoying the experience at different times and obviously in different places.
"We don’t see a lot of cannibalization in that, in fact scarcely any, between people who are, for example, playing poker at home online with people they can’t see versus the experience of coming to a casino with a meal and the other experiences that are associated with it."
Loveman is on record as supporting a federal legalisation of online gambling, but in more recent statements he has indicated that his company will have to keep pace with the growing trend to state-by-state legalisation
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Super Multitimes Progressive HD Slot -
This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.
2017 Aussie Milliona Updates Events 2,3,4 -
Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.
Juventus name VWin as Partner -
“We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.
Luckia Group 2016 Results -
The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.
Fire Rooster Slot Launches -
This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.
n2-Live Updates -
The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”
Betfred FY 2016 -
Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
Cherry CEO Fredrik Burvall Steps down -
Anders Holmgren, currently a board member of Cherry AB and one of the founders of Betsson where he also held the role of chief executive officer of Betsson Malta
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