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Caesars is preparing an IPO for the upcoming year 2012 and, in it, there is a provision for legalized Internet poker in the United States, which the casino giant obviously believes will be bountiful to its future business.
From Pokerati.com:
We believe that additional jurisdictions will legalize online gaming due to consumer demand, a broader understanding of the need to regulate the industry and to generate income through taxes on gaming revenue. As such, we support efforts to regulate the online gaming industry to ensure that consumers are protected. We believe that the potential for online gaming is substantial and believe that we will command, at a minimum, our fair share in any legal jurisdiction. An H2 Gaming Capital study conducted in 2010 projects that the global online gaming market will grow to $36 billion in revenues by 2012. We believe that the largest opportunity in online gaming in the near term is the legalization of online poker in the United States. [emphasis added]
The filing in its entirety (all 306 plus pages) can be read here
More Gambling News Business Headlines (Thursday December 29, 2011 Afternoon Edition)
Find out how to win a FREE SEAT to the 2012 WSOP Main Event by scrolling down...
Bet365 Wagers Rise 58 Percent in 2011 - Bet365 had takings for the year to 31 March rising 22% to £501m – a turnover almost as large as online grocer Ocado – as bets rose 58%. Profits from online betting and gaming operations in Stoke and Gibraltar stayed broadly flat at £93.7m, on turnover of £439m, after bet365 invested heavily in internet and mobile technology as well as its expensive advertising campaign. Read More Here>>>
Shares In European Online Gambling Companies Get Huge Boost From US DOJ Decision - A DoJ change in stance last Friday regarding online gambling whereby the Wire Act will only be applied to sports betting has opened the doors for US states to start legalizing the activity without fear of federal intrusion. This has resulted in shares of European online gambling sites surging. 888 Holdings, which has a relationship with Caesars Entertainment, rose 9 percent while bwin.party, which entered into an arrangement with Boyd Gaming and MGM Resorts, witnessed a substantial 23 percent rise.
- Aaron Goldstein, Gambling911.com
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