Caesars Interactive CEO Mitch Garber Expects More States To

Legalize Online Gambling

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.

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."

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.

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.

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.

To learn more:

www.caesars.comwww.caesarsacquisitioncompany.comwww.caesarsinteractive.comwww.mitchgarber.co