Harrah’s CEO Speaks out on UIGEA
At the Global iGaming Summit and Expo, CEO Mitch Garber discussed the future of online gaming. He expressed the need for clarity in the current laws and noted that the ambiguity of the UIGEA Law needs to be addressed. He also stated everyone needs to adapt to the internet, from brick and mortar casinos to operators and regulators as it is a forgone conclusion that online gambling will be the next step in the evolution of gaming. He believes the success of online gaming will be dependent upon clear and concise regulatory reform. You may also recall that Harrah’s recently launched Caesars Online Casino.
With the UIGEA Law set to go into effect on June 1, there is still hope that the Barney Frank bill to repeal the law will come to a vote. There will be a hearing in the House Ways and Means Committee to address the repeal of the UIGEA the week of May 17, and we will bring you any and all news pertaining to United States Online Casinos as it unfolds.