Casino
April 22, 2021
Caesars Entertainment Ready to Improve Its Atlantic City Operations
2020 and the COVID-19 pandemic may have hurt casino operators’ abilities to generate a lot of revenue, but Caesars Entertainment is taking the situation in stride. It announced yesterday that it will be making a large investment in its Atlantic City properties as it looks to help make the city’s gambling scene popular again. Caesars […]
Business
April 21, 2021
William Hill Acquisition by Caesars Entertainment Now a Virtual Slam Dunk
Attempts to derail Caesars Entertainment’s acquisition of the massive William Hill sports gambling operator have failed. A complaint filed against William Hill by two investment firms that accused it of misleading shareholders and the general public has been thrown out by the High Court of Justice in England and Wales, marking a definitive step in […]
Poker
April 20, 2021
WSOP Inks Deal with CBS Sports as Official TV Partner
Caesars Entertainment has chosen CBS Sports Network as an official TV partner for the WSOP Main Event. Poker Is Back on TV with CBS Sports Deal CBS Sports Network will be the exclusive partner for the World Series of Poker (WSOP) as part of a new deal with Caesars Entertainment, the company behind the most […]
Business
April 16, 2021
NFL Just Signed Several Deals with Major Gambling Operators
As the old saying goes, if you can’t beat ‘em, join ‘em. The NFL was one of several sports leagues that helped push the Professional and Amateur Sports Protection Act of 1992 (PASPA) into law, but it is now creating a new playbook after the US Supreme Court shot down the legislation in 2018. No […]
Business
March 30, 2021
FT: Hedge Funds Peeved with William Hill and Caesars Deal
GWM Asset Management and HBK Capital Management have both sent letters to William Hill’s board of directors protesting what they described as a failure to disclose what they consider as potentially material information. Hedge Funds Raise Issues with William Hill/Caesars Acquisition Hedge funds may be revolting against William Hill’s board of directors, whom they now say failed […]
Sports
March 29, 2021
TheScore Inks Illinois Market Access Deal with Caesars
TheScore Bet is preparing to launch in Illinois thanks to a new partnership with Caesars’ Harrah’s Joliet Hotel & Casino resort. Caesars Opens Door for theScore Sportsbook in Illinois Score Media and Gaming Inc. has secured market access to Illinois rolling out its mobile betting product in partnership with Caesars Entertainment Inc.’s property, Harrah’s Joliet Hotel & Casino resort. Over the next […]
Sports
March 25, 2021
Caesars and SuperDraft Launch Free-To-Play Sports Betting App
A free-to-play sports betting app with cash prizes and rewards program from Caesars Entertainment was launched today by daily fantasy sport (DFS) platform SuperDraft. “We are thrilled that SuperDraft has developed yet another way for players to experience Caesars Rewards.” Eric Hession, Co-President, Sports & Online Gaming, Caesars Entertainment Sports Betting without Financial Risk The […]
Legal
March 23, 2021
Caesars Files Lawsuit against Insurers over COVID-Related Losses
In light of the COVID-19 pandemic, Caesars indicated that it lost more than $2 billion. Despite paying all-risk insurance policies, the company said that none of its insurers covered any losses. Consequently, Caesars filed a lawsuit with the U.S. Securities and Exchange Commission on Monday this week. The COVID-19 Pandemic Led to More Than $2 […]
Casino
March 19, 2021
WSOP Room at Indiana Grand Will Give Pathway to Main Event
US casino giant Caesars Entertainment announced plans this week to expand its operations at Indiana Grand Racing & Casino in a $32.5 million investment to affirm its commitment to the Hawkeye State. “This investment at Indiana Grand is a testament to our continued commitment to Indiana.” Anthony Carano, President and COO, Caesars Entertainment WSOP Room […]
Business
February 26, 2021
Caesars Entertainment Sees Net revenues Increase 37.4% to $3.5Bn in 2020
For the full year ended December 31, 2020, Caesars Entertainment reported net revenues of $3.5 billion and a net loss of $1.8 billion on a GAAP basis. CEO Tom Reeg With Positive Outlook for Las Vegas On February 25, Caesars Entertainment posted its operating results for the fourth quarter and year ended December 31, 2020. […]