Mitch Garber

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Mitch Garber Answers Critics and Addresses Issues
of Online Gaming
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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.
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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.
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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.
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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.
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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.
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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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Thanks