‘Suitability’ of Caesars CEO Questioned in Massachusetts With Federal Probe Ongoing
Updated October 24, 2013: Gambling regulators in Massachusetts questioning the suitability of Caesars CEO of Company Acquisition, Mitch Garber, did not contribute to that company’s decision to withdraw a gaming license application in the state.
Mr. Garber offered this clarification to Gambling911.com following a report featured on the site yesterday and in various other media outlets suggesting otherwise.
"The fact that the Board in Mass. had questions about my career and executive decisions did not play any role in the decision of Caesars to withdraw, and as a result of the withdrawal, I and we never had a chance to hear or answer those questions.," Garber said. "I am licensed in multiple jurisdictions and of course have answered many questions about my career."
Garber had previously served as CEO at PartyGaming Plc starting in April 2006, as the U.S. began cracking down on illegal online betting. The company opted to pull out of the US market five months after his arrival. Since that time PartyGaming entered into a settlement agreement with the US Government to the tune of $105 million.
Caesars is currently the subject of a grand jury are investigating alleged Bank Secrecy Act violations at its flagship Las Vegas casino.
Desert Palace Inc., owner of Caesars Palace, was told on Oct. 11 that the Treasury Department’s Financial Crimes Enforcement Network is investigating whether to assess a civil penalty and take enforcement action. Few other details were offered regarding this matter and Caesars declined comment when questioned by Bloomberg News.
- Aaron Goldstein, Gambling911.com
