It's Up and Up with Caesars Online GamblingPublished July 16, 2013 by OCR Editor
Stock prices rise as investors see huge potential in Caesars Online Gambling.
The American gambling industry consists of gargantuan casino groups - many of them hopelessly in debt. One of these giant casinos that is debt-ridden is Caesars Entertainment Corp. This corporation is the single largest owner of land-based casinos across the continental United States.
News reports have surfaced recently that Caesars Acquisition and Caesars Entertainment are joining forces to form Caesars Growth Partners. This new venture is set to take the online gaming world by storm. Investors are taking notice and already Caesars Entertainment share prices rose a staggering 13% to close at almost $16 in New York trading, after reaching a daily high of $16.36.
Caesars Shows Promise
The imminent roll-out of legalised online poker gaming in Nevada is set to take the gambling world in the US by storm. So important is the news, that their stock price rose 16% and Caesars plans to offer almost $1.2 billion in interactive gambling venture options. The date-ridden Caesars group ($21.1 billion USD) is one of the driving forces behind the company's desire to venture into growth investments.
These include Caesars interactive entertainment (mobile games and social games), the World Series of Poker (WSOP), and regulated online gambling. Three states across the union - Nevada, New Jersey, and potentially Delaware - have decided to open up their markets to regulated online gaming.
Caesars Growth Partners in Perspective
Casino Properties and Development, Planet Hollywood resort and casino (Las Vegas), and yet to be developed project in Baltimore will be the focus of Caesars Growth Partners. Thanks to restructuring and a new perspective, these changes will certainly yield positive results going into the online interactive gaming arena.