Mitch Garber Answers Critics and Addresses

Issues of Online Gaming

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. In recent interviews and conferences, Garber answers critics and addresses issues of online gaming.

Gambling Addiction Gambling addiction is a serious issue often addressed by Garber and other senior gaming industry executives. Garber is emphatic about two things; first, that the regulated land-based and online gaming industry leaders have responsible gaming as one of the key pillars of their business and moral fiber.

Second, Garber has often said that it is easy for gaming opponents to create hysteria about the levels of gaming addiction, but history has shown that a very small number of our customers have problematic gaming behavior and we seek to help identify them, help them and exclude them. He also makes the point that the legitimate gaming industry is in the entertainment industry. More revenue comes from non-gaming sources than from gaming, and we seek for people to be entertained within their means in both cases, he has said.

Legalization Issues Mitch Garber identifies the reluctance of government officials and their understandably slow education process about the new world economy as the reason for the sluggish nature of the process of legalizing online gaming. The Caesars CEO illustrates how skeptical people used to be about online shopping, and how it became a normal way of transacting business over time.

how skeptical people used to be about online shopping, and how it became a normal way of transacting business over time. Garber says it is difficult to educate politicians who are “set in their ways” but it is by no means a waste of time, as witnessed by legalization in New Jersey and Nevada. Garber remains optimistic and exclaims once online and interactive gaming matures in the first legal jusridictions, other governments will realize the incredible potential that this industry has to offer, and the advanced and responsible way in which it can be operated and regulated.

In the meantime, in the absence of regulation, the door is wide open for unregulated rogue operators to take business from American consumers, without the benefit of tax revenues or consumer protections to ensure the security of consumer deposits and the fairness of the games played.

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