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Caesars CEO Believes Online Poker Will Be Legalized In America

In an interview with the Fox Business Network Caesars CEO Gary Loveman stated his belief that online poker will indeed be legalized in the United States.

In the interview, which aired on Wednesday, an anchor asked Loveman if online poker had the potential to be legalized in the United States. His response was that legalization can be enacted this year, if Congress can get the functionality to get the bill through.

Mr. Loveman also said he believes there will be a significant opportunity for his company to offer regulated online poker if passed, and believes there is a considerable demand for the game in America.

Caesars recently announced its plans to conduct an expansion of its properties in Las Vegas, with a $550 million outdoor shopping, dining and entertainment district to be built beginning in September. The new expansion will be titled "The Linq" and is to be constructed behind the Imperial Palace and Flamingo Hotel.

Additionally, Caesars has plans to renovate the Imperial Palace after its lease expires next year, with updating and a new theme to be installed at the location. O'Sheas Casino will also be demolished and the property merged into the new Imperial Palace resort.

Recently a gigantic observation wheel, called "The High Roller" was announced with an opening date of 2013. The wheel will contain 30 cabins that host up to 40 guests, and will give participants an eagle eyed view of the city in a 30 minute revolution. It will compete with a 500 foot tall Ferris Wheel being built on the Vegas Strip's south end by investor Howard Bulloch.

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