Caesars (CZR) Sees NJ Online Gambling Live in 18 Months (ZNGA) (BYD)

February 25, 2013 5:32 PM EST
Caesars Entertainment (NASDAQ: CZR) said it sees New Jersey online gambling live in 18 months.

The news comes following fourth-quarter results from the company. With the report, CEO Gary Loveman commented, "In the Internet space, Caesars Interactive Entertainment acquired Bingo Blitz, further boosting our presence in the social and mobile-games market. We received approval from Nevada gaming regulators of our application for a license to be an operator of interactive gaming in that state and expect to begin offering play in the coming months. We are also encouraged by New Jersey Gov. Chris Christie's support of online gaming in his state, and anticipate having the opportunity to pursue online gaming there soon."

The news would also be a boon for names like Zynga (Nasdaq: ZNGA) and Boyd Gaming (NYSE: BYD).


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