Plectrum Petroleum Share Discussion Threads

[energyi] 16/11/2002 18:49

Is now: CZR: Caesar's Entertainment


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CAESAR's Palace & Other Casinos


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Gallagher, who controls the world's largest casino company – including four distinct properties in Las Vegas – today cautioned being too aggressive could backfire.

"The one thing that concerns me, or the one reason that I keep sounding a note of caution about how much cheerleading there is (about) Internet gaming, is that we've got to be very careful about giving people the impression that our industry is all about putting the vacuum cleaner in their pockets."

If Americans aren't socially ready to embrace Internet gambling – a view Gallagher presently believes is true – people will run in the other direction when it starts, he said.

"There may be situations where various countries are prepared to do this sooner than the U.S.," he allowed. "But my point is we have succeeded in this industry by only going where we are invited. And if we are seen to be trying to push this into the homes of America before the social consensus is there, there is a tremendous potential for damage."

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Tom Gallagher, new CEO of Park Place Entertainment (PPE) is seeking to maximise the profiles of his company's properties. As the leader of the largest gaming company in the work, PPE has Bally's, Hilton, Caesars, Flamingo, Paris and Grand Casinos as its signature brands.

Gallagher emphasised that at PPE, visitors have a total experience that isn't just about gambling. It is safe social environment that the Internet cannot provide. He questioned the social appropriateness of the Internet, and his worries about under-age gambling. Gallagher also stated his fears that his company will risk its credibility as a responsible operator if they support Internet gaming.

He believes in growing the local markets, and that may mean supporting competition as PPE is doing in Atlantic City. Gallagher has vocally supported Boyd Gaming's Borgata project and the Tropicana's proposed US $225 million entertainment and hotel expansion.