Sunday, July 3, 2022

Tag: Caesars Entertainment

Caesars aims to sell Strip property in early 2022

Caesars aims to sell strip property early 2022
Caesars’ CEO Tom Reeg said the company plans to use the income generated from the divestiture, together with the proceeds from its sale of William Hill’s non-US assets, to reduce debt.

Caesars reveals plans for Danville casino resort

Caesars Entertainment Danville resort Marnell Companies
Architectural firm Marnell Companies’ design celebrates the site’s industrial heritage with three brick smokestacks set to form the centre-piece of the $500m new resort.

Global Gaming Women selects Cassie Stratford as new president

Global Gaming Women selects Casssie Stratford as new president
Global Gaming Women has elected Cassie Stratford as its incoming board president. Stratford currently serves as VP of legal affairs and assistant general counsel for Boyd Gaming Corporation.

Caesars celebrates record EBITDA

Caesars celebrates record EBITDA
Following the William Hill acquisition Caesars has rebranded its sports betting operations and launched a new marketing campaign, while CEO Tom Reeg said it will likely sell one of its its eight Las Vegas Strip properties in 2022.

US casinos emerge from the pandemic

US casinos Andrew Klebanow comment
Andrew Klebanow, principal at Klebanow Consulting, discusses how COVID-19 has seen US casinos modify their marketing strategy, with many operators achieving substantially higher net income on lower business volumes

Hurrah! Harrah’s Las Vegas completes $200m revamp

Harrah's Las Vegas Renovation
Caesars Entertainment has finished a $200m renovation of its Harrah’s Las Vegas resort. The property now features 2,542 redesigned guest rooms, a complete casino floor remodel and two new LED marquees at its north and south entrances on the Las Vegas Strip.

Caesars buoyed by sequential quarterly improvement

Caesars Entertainment
As the operator saw signs of recovery in Q1, Caesars Entertainment’s CEO Tom Reeg reported the company is experiencing “extremely robust demand” in its group business segment for H2 2021.

Bally’s Corp completes purchase of MontBleu Resort

Bally Corp purchase MontBlue Resort
Bally’s Corp has completed its purchase of the northern Nevada resort from Caesars Entertainment. The transaction formed part of a $155m deal which also included Eldorado Shreveport in Louisiana.

I want to be a part of it: New York, New York

New York Sands expansion opportunities
While it has recently sold off its assets in Las Vegas, Sands is still looking at gambling expansion opportunities in New York and Texas.

Leaving Las Vegas: Sands sell Venetian and Palazzo for $6.25bn

Sands Venetian Palazzo US Sale
Las Vegas Sands has sold the Venetian and Palazzo resorts and the Sands Expo and Convention Center to privateequity firm Apollo Global Management and real estate investment trust Vici Properties.

Bartlett: “Very few see the UK market as one with any opportunity left in it”

Warwick Bartlett GBGC
Warwick Bartlett, CEO of Global Betting and Gaming Consultants, suggests that William Hill’s sale to Caesars Entertainment, and the operator’s decision to focus exclusively on the emerging US sports betting market, is symptomatic of an increasingly challenging business environment in the UK

Nevada re-opens casinos

Nevada casinos re-open
Following a 78-day shutdown, the Silver State’s casinos were once again able to open their doors at the start of June. Commentators suggest that visitation will initially be led by the local market and motorists from neighbouring states.

Las Vegas operators plan for reopening

Las Vegas strip
While debate continues over exactly when Nevada’s casino resorts will be able to open their doors once again, in the meantime, a number of major operators including Wynn, Sands, MGM and Caesars are in the process of putting in place new operating procedures and setting out social distancing measures.

Virginia set to legalise casinos and sports betting

Virginia legislation
Virginia lawmakers approved legislation to allow five large resorts in the state early last month, with operators still pursuing sites despite the industry coming to a standstill in recent weeks.

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

Japan-Tokyo
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?

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...

STAY CONNECTED

4,304FansLike
1,248FollowersFollow

SECTOR NEWS