Thursday, September 24, 2020

Tag: caesars

Eldorado, Caesars deal could give rise to new issues in Atlantic City

eldorado caesars atlantic city
The $17.3bn merger between Eldorado Resorts and Caesars Entertainment could give rise to a raft of new issues in Atlantic City at a time when the market is still adjusting to its most recent entrants. The agreed merger between Eldorado and Caesars could bring issues already being seen in Vegas to the Atlantic City market. The combined company will control four...

Caesars Dubai scoops award within first year

Caesars Dubai award
Despite only opening last November Caesars Palace Bluewater in Dubai has scooped its first accolade. The first non-gaming premises - currently - from the..

Scientific Games and Caesars launch sports betting in Pennsylvania

Scientific Games, Caesars, launch, sports betting, Pennsylvania
Scientific Games and Caesars have enhanced their partnership through the launch of sports betting at Caesars’ Harrah’s Philadelphia Casino and Race-track. The sportsbook, powered by the company’s OpenBet platform, features world-class sports betting retail solutions, allowing Harrah’s players to place bets at the venue. Online and mobile sports betting will follow in Q1 2019. The launch represents Scientific Games and Caesars’...

NFL takes a punt on Caesars as first gambling partner

NFL, AGA, Caesars, gambling partner
Long-time opponent of regulated betting, the National Football League, has finally taken a sip of the kool-aid picking Caesars Entertainment as its first official gambling partner. The deal struck only hours into 2019 means all of America’s major sports leagues have now signed contracts with gambling operators. This is however the first time Caesar’s has got in on the action...

SJM appoints new Grand Lisboa Palace president as construction woes increase

JM Holdings, Caesars, Wynn, Grand Lisboa Palace
JM Holdings has appointed Caesars and Wynn veteran Paul Baker as president of the Grand Lisboa Palace, its $4.6bn integrated resort still under construction in Cotai. The former deputy COO for Resorts World Genting assumed the role on 1 October, just three days prior to SJM chief executive Ambrose So Shu Fai predicting completion of the IR in the second...

Rumours of possible Caesars and MGM merger simmer

Caesars, MGM merger, casinos, Mark Frissora
With the departure of Caesars Entertainment CEO Mark Frissora, rumours have emerged suggesting MGM Resorts is considering putting together a merger proposal. There has been media speculation that MGM Resorts International is looking at the possibility of a merger with Caesars Entertainment. While no offer has yet been made, according to a report in the New York Post, MGM has hired...

Scientific Games partners with Caesars for OpenBet installation

Casino Review New Jersey
With New Jersey poised to become the fastest growing sports betting market in the US, Scientific Games has partnered with one of the country’s largest casino operators to integrate its OpenBet sportsbook platform across three key casino properties. Scientific games has announced a partnership with Caesars Entertainment Corporation to provide the casino operator with its OpenBet Sportsbook platform in New...

Caesars announces deal to operate two properties in Dubai

Dubai
Caesars Entertainment Corporation has announced that it has entered into a non-binding letter of intent with Meraas Holding to manage two luxury properties at the Bluewaters Island development in Dubai. Later this year the Las Vegas-based entertainment operator is expected to take operational control of Caesars Palace Bluewater Dubai and Caesars Bluewaters Dubai, with both being the company’s first foray...

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...

Caesars reorganisation receives further licence approvals

caesars based
Following on from the New Jersey Casino Control Commission (NJCCC) approving a plan in May that will see the Caesars Entertainment Operating Company lease operations of its two Atlantic City casinos to a subsidiary, the regulator has now approved the casino licences for each premises.   After a chapter 11 bankruptcy filing, Caesars has retained ownership of the Bally’s Atlantic City...

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