Mitch Garber, former Party Gaming chief and newly appointed CEO for Harrah`s new Interactive Entertainment division, stands by his beliefs for what the future of online gambling will be like for the United States. He believes that legislation and regulation will occur and when it does, the market will be dominated by the big names and popular brands of the existing casino industry.
In a recent interview, Garber announced that Harrah’s Montreal-based Interactive Entertainment team has already been amassed and has already begun planning to introduce a business plan for the impending regulation.
Garber said, “When it comes to regulation, I’m very confident that legislators will see that this is an industry that can be properly regulated, and that the technology exists to alleviate concerns about money laundering or age verification.” He continued, “I wouldn’t talk about it in dollar terms, but you can imagine Harrah’s is involved in regulatory efforts to see regulated and taxed internet gaming in the US.”
As for European regulated operations, Garber also commented that (Harrah`s) is the largest among land-based gambling brands and is also pushing for the regulation, as it would be a great advantage for the entire industry.
Garber believes that Americans will eventually be free to gamble legally online, but he predicts that online gambling, worldwide, will be strongly dominated by “…a few strong, global operators”.
“The future of online gaming is going to be not dissimilar from the current situation with land-based gaming. There will be a few, very strong global operators that dominate, and obviously it is Harrah’s strategy to be one of those leading global operators, and to leverage our brands and the expertise of the people that I’m bringing on board to see that that happens,” boasted Garber.
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