Thursday, April 5, 2012

Cleveland Cavs Owner Buys into Caesars Online Gambling | Pokerati

Gilbert puts his money where your mouse is


Prediction: there will be a WSOP-Cleveland this year ? or maybe a WSOP-Cincinatti next year ? if not both. The Caesars poker empire has made no bones about its expansionist desires ? and now the owner of the Cleveland Cavaliers, through his company Rock Gaming, has bought a $61 million stake in the Empire?s online division, Caesars Interactive Entertainment, parent company to the WSOP, according to filings with the SEC.

Neither Gary Loveman nor Mitch Garber could be reached at Caesars to confirm or deny the rumored buzz Pokerati was hoping to start on this one ? that Cleveland is the new Pennsylvania.

Meanwhile, the blight in this video has everything to do with why Dan Gilbert was able to lead the charge that brought casinos ? and thereby partnership with Caesars ? to Ohio right around the time Caesars Interactive was born and Harrah?s online poker/gambling strategy became more official.

Though delayed a few weeks, the Caesars-owned Horseshoe Casino in Cleveland opens May 14.


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