World Series of Poker® Led by Mitch Garber Has A Long History Of Breaking Records

Poker fanatics around the globe can hardly wait for the games to begin, as the opening of the 2014 World Series of Poker (WSOP) draws near. The stakes are high this season with 60+ gold bracelets and over $20 million in cash prizes up for grabs during this 49 consecutive day poker festival. Caesars Interactive CEO Mitch Garber and his WSOP team are gearing up for what is said will be a record breaking year in attendance, cash prizes, and winners.

Breaking records is nothing new for the WSOP, in 2013 the event attracted 79,471 participants from more than 107 countries and is the largest turnout on record in the WSOP’s 44-year running history. Partakers joined in a total of 62 events that amassed a prize pool of more than $197 million. The WSOP Main Event, won by Michigan’s Ryan Riess, drew over 6,300 players and Riess was awarded $8,361,570 that year.

Since it’s launch in 1970, the WSOP Main Event has produced poker rock stars like Stu Ungar, Johnny Moss, Doyle Brunson, and Johnny Chan, each setting records for winning multiple main events, with Brunson and Chan winning in consecutive years. Chan’s second victory in 1988 was highlighted in the 1988 feature film Rounders. Phil Hellmuth is the ultimate WSOP rock star holding numerous records including most bracelets, most WSOP cashes, most final tables, and is the only player to win Main Events in both WSOP and WSOP Europe.

This year Garber’s team will unveil close to 500 poker tables spanning more than 100,000 square-feet of ballroom space to host thousands of players from around the world.  The 2014 WSOP will no doubt produce some record-breaking moments and poker aficionados are eagerly standing by to be a part of history.



To learn more:

www.wsop.com
www.caesars.com
www.caesarsacquisitioncompany.com
www.caesarsinteractive.com
www.mitchgarber.co

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.com
www.caesarsacquisitioncompany.com
www.caesarsinteractive.com
www.mitchgarber.co

Caesars Interactive CEO Mitch Garber Wins The Great Online Gambling Debate

Everyone loves a title bout where the stakes are high and two of the best fighters square off for the ultimate glory of winning the championship and bragging rights – this was the scene at the 2014 IGaming North American Conference when Caesars Interactive CEO Mitch Garber squared off with Sands Casino executive Andy Abboud to answer the question “Is iGaming the Problem or Solution?”

Intrigued spectators reacted with delight as both casino giants made their arguments to sway public opinion to their side. Garber seemed to have the upper hand throughout with swift logical responses to each of Abboud’s claims against making Internet gambling legal. Reactions to this highly anticipated bout were just as dynamic with Garber emerging as the clear winner. Below are some reactions from attendees:

“This is a conference about trying to develop regulations to make sure it’s safe. Once we work to build those regulations to protect the consumer, then I believe that Mitch’s argument prevails. Online sports betting is already working in Europe and it’s bringing in a lot of revenues. to those places. Why can’t we find ways to make it happen in the United States. ”
- Hon. Shawn Malone, Legislature of the US Virgin Islands

“Our organizational system here in the United States is leaning toward openness as opposed to closed environments, and as more-and-more people do want to pursue online gaming, the fact that it exists today and needs to be organized in a more lawful and recognized manner, I think it’s going to lead us in that direction over time.” - Matt Davis, MoneyGram

“ The biggest point Mitch Garber CEO made and it’s the point Andrew really had no argument against is that the customers are already there. The customers want to play online. In 15 years the number of people that want to play online is going to be a lot bigger than the number of people who want to go to a brick and mortar to play.” - Vin NaraYanan, Casino City Times & GPWA Times


For more information visit

www.caesars.com
www.caesarsacquisitioncompany.com
www.caesarsinteractive.com
www.mitchgarber.co

Mitch Garber – The New Generation of Gambling Executives

The blazing debate about whether online gambling has a place in American commerce continues to be a hot button of discussion between industry professionals, politicians, and everyday citizens. Polarizing views on this topic are glaringly visible among the “old school” thinking of some land-based casino leaders resisting the “new school” mentality of catering to the online entertainment community and digital generation of consumers. Caesars Interactive Entertainment CEO Mitch Garber considers himself and his colleagues “The New Generation” of gambling executives, who are willing to take on the old school naysayers in order to follow their customers online.

With more people choosing to transact business online, educate themselves online, and even find love online, Garber feels the new generation of gambling executives along with legislators should create a regulated framework which allow adults to play online. Garber argues that new age gambling executives know their future generation of players will be coming from the online world and smart leaders should spend more time preparing for this new way of doing business, instead of opposing what most say is a natural transition for these players.

Mitch Garber is also the man behind the widely successful World Series of Poker® (WSOP) and asserts online poker created the poker boom as people know it today. Founder and former CEO of WPT (World Poker Tournament) Enterprises Steven Lipscomb echoed Garber’s sentiment during the 2014 IGaming North America Conference while acting as a moderator between the pro legalization Garber and anti legalization Sands executive Andy Abboud. Lipscomb recalled a time where land-based casino operators fearing the worst for the online gambling landscape changed their minds about online poker after seeing quantifiable results without incident from 2002 – 2010.

Many are betting that resistant land-based casino executives will eventually get the memo that online gaming is the future and will structure their business accordingly. For Garber and his team, this is an inevitable outcome and they will continue to take a proactive stance by making the necessary changes to their infrastructure that will accommodate gamers who prefer online entertainment. His management of six land-based casinos is also a testament to the convergence of online and offline businesses and the ability for them to co-exist in a complimentary fashion.

For more information visit

http://www.caesars.com
http://www.caesarsacquisitioncompany.com
http://www.caesarsinteractive.com