On April 26, 2011 Gary Loveman (CEO of Caesars Entertainment) wrote an editorial on CNN Money.com titled "Online Poker: Legalize it!". Only 11 days after the Department of Justice indicted Full Tilt Poker/Poker Stars/Absolute Poker on Black Friday April 15, 2011, Loveman proclaimed "It's not often that opportunity arrives in the form of a federal indictment. But that's exactly what's happened in the world of online poker" and "Should we seize the moment to legalize online poker, permit a safe and legitimate industry in the U.S., and bring those jobs and revenues home?" Unequivocally, the answer is yes." So Caesars Entertainment desires to bring gambling such as online poker into our living rooms and mobile telephones. Gambling at a brick and mortar casino is a form of recreation to many and profitable for Casino Examiner readers here. We choose to drive/fly to Las Vegas, Atlantic City, or our local casino for fun and the idea of Caesars Entertainment cramming online poker down our throats has a snowball's chance in hell of being federally legalized.
Loveman who sold all his Harrah's Entertainment shares to private equity firms Apollo Management and TPG Capital on January 2008, is a paper tiger at Caesars Entertainment and takes orders from Apollo's CEO Leon Black and TPG's David Bonderman. "Teflon" Leon Black (as we like to call him here at Casino Examiner) has a checkered past with California's public pension systems, CalPERS and CalSTRS. Black's Apollo Management paid off a placement agent $60 million to get funding to buy Harrah's in 2008. So the past performance of paying off people for shady dealings is a part owner of Caesars Entertainment.
Marco Valerio, the sparkling voice of the Wombat resistance at Quadjacks.com, desired to interview Loveman on his underground radio show at Quadjacks. Loveman will not speak to the players because we are not important and probably looks down on Caesars Entertainment Total Rewards customers with disdain.
Caesars Entertainment owns the rights to the World Series of Poker, played at the Rio in Las Vegas every year. Disney's ESPN televises the WSOP and these companies want a piece of the action that online poker will bring through tournaments. Harrahs errrr Caesars Entertainment is known as the "Evil Empire" to many with its 6:5 payouts at blackjack and low payouts at video poker, should not be trusted to give a fair deal at online poker.
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