Cleveland Cavs Owner Buys into Caesars Online Gambling

Gilbert puts his money where your mouse is

by , Apr 4, 2012 | 4:50 am

Prediction: there will be a WSOP-Cleveland this year … or maybe a WSOP-Cincinatti next year … if not both. The Caesars poker empire has made no bones about its expansionist desires … and now the owner of the Cleveland Cavaliers, through his company Rock Gaming, has bought a $61 million stake in the Empire’s online division, Caesars Interactive Entertainment, parent company to the WSOP, according to filings with the SEC.

Neither Gary Loveman nor Mitch Garber could be reached at Caesars to confirm or deny the rumored buzz Pokerati was hoping to start on this one — that Cleveland is the new Pennsylvania.

Colorful urban blight probably had something to do with Dan Gilbert’s success in bringing casinos (and thereby partnership with Caesars) to Ohio right around the time Harrah’s Interactive was born and Caesars’ online poker/gambling strategy became more official.

Though the grand opening was delayed a few weeks, the Caesars-operated Horseshoe Casino in Cleveland begins taking brick-and-mortar bets May 14.


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