Caesars Spends More Than 800 Thousand On Lobbying

It appears that Caesars Entertainment is serious about trying to get online gambling legalized within the United States. According to a disclosure, the gambling giant spent $821,000 on lobbying in the second quarter of 2011.

The disclosure is mandated by law and accounting figures show that Caesars was responsible for a whopping 23% of all lobbying spending by companies that have an interest in the regulation of internet gambling.

Caesars Chief Executive Gary Loveman stated that because of the events of Black Friday, responsible companies needed to step up and fill the void left by former poker giants such as PokerStars and Full Tilt Poker.

Loveman said in reference to regulated online gambling, “I do believe there is a will in Congress to correct this …. we ought to clean up the regulatory and policing environment and that’s what we’re seeking.

“First, it creates the appropriate legal and enforcement environment where the game is being provided fairly by regulated entities that are known to the American authorities.

“Second, there’s a lot of job creation associated with this; we could provide thousands of American jobs if given the right to do so and there would be the benefit of tax revenues."

Although Caesars spent a large amount of money lobbying during the quarter, overall internet gambling lobbying money spent decreased by $326,000 in the quarter. The lower spending is seen as being because of the events of Black Friday, which paralyzed the funds of some of the big poker companies.