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General13 years agoGosu "GosuGamers" Gamers

Caesars CEO Loveman advocates federal solution to boost liquidity

In a recent interview with CNBC, Caesars Entertainment CEO and president Gary Loveman indicated his support for a federal solution to legislating online poker in the United States. Caesars, as the largest gaming company in the world, has taken a more vocal and active role in finding a solution to the online poker situation in the U.S.
"We're advocates of this being legalized on a federal level because the state by state process is quite a cumbersome one ... in poker you need liquidity."

Loveman has been active to express his support for the legislation of online poker.
"We don't think it provides any sort of risk of cannibalization at all. It's a completely different business. We own the World Series of Poker, which is the dominate poker franchise and playing poker at home on-line is a completely different experience then coming to one of ours full service resort facilities."

Loveman indicated that he feels Las Vegas is trending in the right direction for a positive change in results, although they are clearly not back to pre-2007 days yet.

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