Caesars Chief Expresses Optimism on New Jersey Legalization Matter

In light of the coming consideration of amended online gambling legalization bill by New Jersey lawmakers, CEO of Caesars Entertainment, Gary Loveman, expressed optimism regarding the future of New Jersey’s legalization initiative.

Although he preferred federal legalization in the past, on this occasion Loveman stated that he expects New Jersey online gambling to be live within the next 18 months.

The media reported him saying that "In the Internet space, Caesars Interactive Entertainment acquired Bingo Blitz, further boosting our presence in the social and mobile-games market.

"We received approval from Nevada gaming regulators of our application for a license to be an operator of interactive gaming in that state and expect to begin offering play in the coming months.

“We are also encouraged by New Jersey Gov. Chris Christie's support of online gaming in his state, and anticipate having the opportunity to pursue online gaming there soon."

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