Tuesday, February 25, 2020

Tag: Caesars Entertainment

Caesars sells Rio to New York real estate group

Caesars Entertainment new york
Caesars Entertainment has completed a deal to sell the Rio All-Suite Hotel and Casino to New York-based Imperial Companies but will continue to operate..

Eldorado to take on five tribal casino management contracts following Caesars merger

Eldorado casino management Caesars
While Eldorado Resorts has raised the possibility of selling off one of Caesars’ Strip properties when the companies’ merger concludes next year, the..

Caesars abandons Gold Coast IR bid

Caesars abandon Gold Coast IR bid
Caesars Entertainment has confirmed it has pulled out of the running to develop a casino on Australia’s Gold Coast.

Twin Rivers purchases two Eldorado properties

Twin Rivers purchase Eldorado properties
Eldorado Resorts has agreed to sell two properties in Kansas City, Missouri, and Vicksburg, Mississippi to Twin River Worldwide Holdings for $230m..

Editor’s comment – Et tu, Ruffin?

Ceasars Entertainment
As Julius Caesar exclaimed in the British classic comedy Carry on Cleo, “Infamy, infamy, they’ve all got it in for me”, it would seem to be the case for..

Tony Rodio takes the reins at Caesars Entertainment

Caesars Entertainment Tony Rodio takes reins
The Las Vegas-based company has appointed veteran gaming executive Tony Rodio as its new CEO, while its board has formed a committee to look at the..

SG Digital launches MTS with Caesars Entertainment in New Jersey and Mississippi

SG Digital, MTS, Caesars Entertainment, New Jersey, Mississippi
SG Digital has provided its Managed Trading Service for sportsbooks at Caesars Entertainment properties in New Jersey and Mississippi. SG Digital has rolled out its newly- enhanced Managed Trading Service (MTS) with Caesars Entertainment in New Jersey and Mississippi. Following a rapid integration of SG Digital’s newly-acquired Don Best platform, the sports books at Caesars’ properties will now benefit from additional...

Caesars Bluewater Dubai opens

Dubai, bluewater
Caesars Entertainment has opened doors on its first non-gaming properties in Dubai. All based on the Bluewaters development the resort-style venues represent not only a new market entry for the multinational but also a change of tact in terms of offering. “These resorts mark the opening of our first non-gaming resorts and demonstrates the strong demand among developers and guests...

Caesars enhances Sportsbook offering at venues and online with SG Digital’s Managed Trading Service

Caesars Entertainment, Sportsbook, SG Digital, Managed Trading Service, Scientific Games
Scientific Games Corporation has announced that SG Digital has rolled out its newly-enhanced Managed Trading Service (MTS) with Caesars Entertainment Corporation in New Jersey and Mississippi. Following a rapid integration of SG Digital's newly-acquired Don Best platform, the sportsbooks at Caesars' properties will now benefit from additional betting and pricing services, along with valuable real-time event data solutions, complementing the...

Scientific Games partners with Caesars to launch sports betting in Mississippi

Caesars Entertainment mississippi Scientific Games Sports-Bettin
Scientific Games has launched sports betting with Caesars Entertainment, powered by its Open- Bet product suite. Caesars’ Horseshoe Tunica Hotel and Casino processed its inaugural bet on 14 August, ushering in a new era of sports betting for the state of Mississippi. “The deployment of Caesars sportsbooks has been one of the fastest ever deployments of our platform. Our cross-functional...

Diet green lights casino legislation

The second key bill for legalising integrated resorts in Japan has cleared its last major legislative hurdle, paving the way for the development of what some analysts estimate could be a $25bn market. Japan’s Integrated Resorts (IR) Implementation Bill passed into law on 20 July following a vote in a plenary session of the House of Councillors, the upper house...

LDP and Komeito reach consensus on key IR policy issues

Tokyo street view
In his 1979 release, Discovering Japan, Graham Parker sang that “after all the urges some kind of truth emerges”, which would seem to be the case for Japanese casino legislation as coalition partners LDP and Komeito reached a consensus on a number of key points, paving the way for a vote on the IR Implementation Bill by May. Following meetings...

Regulators sign off on Caesars restructuring

caesars based
  Caesars Entertainment has announced that its largest operating unit has wrapped up a two-year restructuring process which will see the a slimmer, revitalised Caesars emerge from bankruptcy valued at around $20bn.   Caesars Entertainment Corporation has concluded the $18bn bankruptcy of its casino operating unit, allowing the company to focus on expanding its Harrah‘s, Caesars and Horseshoe brands following nearly three...

Gamblit Gaming bring skill-based games to Caesars

caesars based
Gamblit Gaming and Caesars Entertainment Corporation have announced the debut of Gamblit’s TriStation™ hardware, which the two companies claim as the first skill-based games to grace an American casino floor. https://www.youtube.com/watch?v=hmyNRCujclA A mix of popular video games is now live at Planet Hollywood Las Vegas Resort & Casino and will be installed at Caesars Palace, Paris Las Vegas and The LINQ...

Government of Queensland supports plans for a second casino  

  Queensland’s government has signalled its support for plans for a new gaming venue to be built on Australia’s Gold Coast.   Should a proposal go ahead, it would bring a second casino to the city after the Star Gold Coast, operated by the Star Entertainment Group. Gold Coast Mayor Tom Tate said that he had received a letter from state development...

Crossing the Rubicon: What’s Next for Caesars?

Sixteen years, in gaming industry terms, could almost qualify as ancient history, but with Galaxy Entertainment boss, Francis Lui Yiu Tung, raising the possibility of borderless travel between Macau and Hengqin and thus the potential for further growth in the Macau market, how will odd-man-out Caesars Entertainment redefine itself asks Casino Review. Caesars Entertainment’s newly minted CEO Mark Frissora focused...

The games are done and Caesar is returning

Caesars Entertainment
Caesars Entertainment saw a small rise in its net revenue, as the company continues to pursue its “cornerstone initiatives” including room refurbishments and express check-ins. Caesars Entertainment announced a 1.4 percent growth in revenue year on year, with the figure rising to $963m for the first quarter of 2017. The company attributed this growth to improved hotel performance, particularly in...

Major operators keep a close eye on Brazilian market despite political setbacks

ICR - Brazilian legislation ccj
With the Brazilian government once again in turmoil and the mandate of President Michel Temer hanging by a thread after he was alleged to be linked to a corruption scandal in May, Casino Review looks at the prospects for the legalisation of gambling in the country.   With the Japanese market opening, the Brazilian region remains gaming’s last frontier, while the...

Caesars has “full confidence” in Japan IR expansion

ICR - Caesars Japan IR extension
In the run-up to the second edition of the Japan Gaming Congress at Tokyo’s Grand Hyatt this May, and with an expected six months before the first licences are issued, Mark Frissora, CEO of Caesars Entertainment, explains why the company is ideally placed to develop an IR in the region.   “This launch of integrated resorts in Japan offers a highly...

JCM Global tees off 19th AGEM/AGA Golf Classic

Betting Business - JCM AGEM/AGA Golf Classic
The 19th Annual AGEM/AGA Golf Classic presented by JCM Global will commence on April 25 in Cascata, Nevada raising money for NCRG.   JCM Global’s AGEM/AGA Golf Classic will take place on the Cascata course in Boulder City, Nevada with nearly 150 players set to participate. The tournament, which has become known as an “unofficial holiday in the gaming industry” – will...

Another strange twist – mediator resigns in Caesars bankruptcy saga

Casino Review Caesars
Joseph Farnan has stepped down from his position of mediation between Caesars and its debtors, after recent criticism levelled by Judge A. Benjamin Goldgar.   The ongoing bankruptcy saga of Caesars Entertainment has grown even more complicated, with the surprise resignation of the man charged with mediating between the casino firm and its aggrieved bondholders. Former Delaware judge Joseph Farnan had been...

Caesars first major US operator to debut skill-based slots

Casino Review Skill Gamblit
By way of a new agreement with interactive terminal developer Gamblit Gaming, Caesars Entertainment says it will be the first US operator to offer players a skill-based gaming experience next month.   Caesars Entertainment is set to be the first major US operator to institute skill-based gaming stations, after the company announced it had signed a new supply agreement with Los...

Caesars Entertainment recruits new compliance officer

Ann Sullivan Caesars Entertainment
Caesars Entertainment EMEA’s division has appointed Ann Sullivan as its new group compliance director. This will be Sullivan’s first role in the gaming industry, following a wide ranging career in business ethics and compliance spanning the oil and gas, telecommunications and pharmaceuticals industries. “Managing business ethics and compliance within the gaming and casino sector is a significant new challenge, especially in...