Tuesday, April 21, 2009

Casino Giant's Web Wager

CM Comment: Harrah's looking to make acquisitions in the online-gaming sector? Definitely something worth keeping an eye on.

April 12, 2009: from The Sunday Times -- Harrah's is to install Mitch Garber, a former chief executive of Party Gaming, as the head of a new company formed to house its internet operations and the popular World Series of Poker.

The gaming giant is spinning these businesses out into a newly-created entity. The move is likely to fuel speculation over the possibility of Harrah's making acquisitions in the online-gaming sector.

Many observers think it is simply a matter of time before online gambling is legalized in the U.S.

Full story at: http://tinyurl.com/d2h8m7

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