This Week in Gambling - News
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This Week in Gambling - News
This Week in Gambling - News
News for Online Gambling, Land Based Casinos, and Social Gaming
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Caesars Entertainment Leads Federal Lobbying Spend

Caesars Entertainment Leads Federal Lobbying Spend | This Week in Gambling - News | Scoop.it
Federal disclosure forms reveal Caesars Entertainment once again led all companies in lobbying federal politicians on internet gaming.


The US federal government has posted its Q1 2012 lobbying disclosure forms and, as usual, they show an awful lot of money being thrown around Washington by companies looking to influence politicians on the subject of online gambling. The disclosure forms aren’t perfect, in that some companies lobby on a variety of issues, and the sum total spent isn’t broken down on a dollar-to-issue basis. To help identify those companies that lobbied purely on the online gambling question, we’ve helpfully marked the others with an asterisk(*).


Of the individual gaming companies showering cash on Congress, Caesars Entertainment once again led the pack, splashing out $886k, a boost on the $784k the company spent in Q4 2011. The next closest individual company on the list was Betfair’s US horseracing subsidiary TVG, which spent $160k, up from $120k in Q4 (which was itself up from $60k in Q3). MGM Resorts anted up $150k* (unchanged from Q4) and Pokerstars (via Rational Entertainment Enterprises) contributed $150k (also unchanged).


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Caesars Interactive share sale; Winamax US free-play; Dragonplay raises $14m

Caesars Interactive share sale; Winamax US free-play; Dragonplay raises $14m | This Week in Gambling - News | Scoop.it


Caesars Entertainment has sold an undisclosed percentage of its online gaming division, Caesars Interactive Entertainment (CIE), to Rock Gaming, with whom Caesars is developing two Ohio casino projects.


In a filing with the Securities and Exchange Commission first reported by the Las Vegas Review-Journal, Caesars stated that Rock Gaming had agreed to buy 12,300 CIE shares for $60.8m, with an option for Rock to acquire an additional 3,140 shares for $19.2m by Nov. 15. Caesars’ SEC filing didn’t provide a reason for the sale.


The filing also doesn’t specify what percentage of Caesars Interactive’s total shares the sale represents, but Gambling Compliance‘s Chris Krafcik heard unconfirmed reports that the figure was 1.5%. For the record, that would value Caesars Interactive somewhere around $4b. To quote Krafcik: “How on earth is that possible?”French market-leading online poker operator Winamax (last seen being blacklisted in Belgium) has announced the imminent launch of a US-facing free-play poker site.


A companion Facebook poker application will make its debut later this week. CEO Canel Frichet explained to eGamingReview that the poker site is designed to establish a market toehold while the company searches for an American joint venture partner on a real-money site. In an offhand swipe against her home territory’s cantankerous attitude towards online gaming operators, Frichet said the “fiscal and regulatory structure is so complex in France that we feel that we would know how to navigate any American model, either interstate or federal...”

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