Business
November 22, 2020
IGC May Extend Deadline for Horseshoe Hammond Casino Sale
State regulators in Indiana are likely to extend the term of casino divestiture due to the uncertainty in the casino industry amid the impact from the coronavirus. Additional Year in the Works The Indiana Gaming Commission (IGC) is expected to revise the terms for Caesars Entertainment regarding the sale of its casino properties in the […]
Casino
November 20, 2020
Danville to Move Forward with Caesars Casino Plans after Successful Referendum
The city of Danville, Virginia, has secured a major development project from Caesars as it received overwhelming support in a referendum held alongside the Presidential election, the results of which are still being disputed. The City Council formalized its intentions to move forward with the project on Monday when it certified the results of the […]
Business
November 20, 2020
William Hill Shareholders Approve Caesars Takeover Bid
William Hill shareholders have given their approval for the takeover bid by Caesars Entertainment on Thursday in the company’s headquarters in London. Caesars Moves Close to William Hill US Acquisition Expectedly, William Hill shareholders vouched their support for the £2.9 billion takeover bid put forth by Caesars Entertainment. The vote took place in William Hill’s […]
Business
November 20, 2020
Bally’s Corp Acquires Bally’s Atlantic For $25 Million, Plans For Improvements
Previously known as Twin River Worldwide Holdings, Bally’s Corp announced on November 18 it closed a $25 million deal with Caesars Entertainment and VICI Properties to acquire Bally’s Atlantic City. New Upgrades For Bally’s Atlantic City Bally’s Corp completed Wednesday the acquisition of Bally’s Atlantic City for $25 million after New Jersey gaming regulators approved […]
Business
November 17, 2020
Will Betfred’s Fred Done Approve Caesars’ Takeover of William Hill?
Betfred owner Fred Done will most likely give his approval for the upcoming Caesars’ takeover of William Hill’s US operations, The Standard has reported. Done Expected to Give His ‘Aye’ During Shareholder Meeting This Week Fred Done, Betfred’s owner, is tipped to say yes in the pending £2.9 billion acquisition of William Hill by Caesars […]
Business
November 15, 2020
EBCI To Potentially Buy Caesars Southern Indiana as Council Approves Due Diligence Funding
The Eastern Band of Cherokee Indians and Caesars Entertainment have signed a letter of intent in which the Tribe states it is looking into buying the Caesars Southern Indiana hotel-casino. On November 12, the Tribe Council approved due diligence funding. Caesars To Work Exclusively With The Tribe Over The Next 45 Days The Eastern Band […]
Casino
November 13, 2020
Caesars Reopens Rio Resort in Las Vegas, Last of 54 Properties
Caesars Entertainment said on Thursday it will reopen the Rio Resort in Las Vegas on December 22, albeit the hotel will only operate on weekends. Last Casino To Reopen Casino operator Caesars Entertainment announced on Thursday the reopening of its off-Strip Rio All-Suite Hotel-Casino in Las Vegas on December 22. The 2,522-room hotel-casino closed on […]
Industry
November 12, 2020
Caesars’ 2019-2020 CSR Report “People Planet Play”
Casino giant operator Caesars Entertainment Inc. released its 2019-2020 Corporate Social Responsibility (CSR) Report, revealing it spent $67 million in the communities it operates casinos. The report focuses on the company achievements prior to the $17.3 billion merger deal with Eldorado Resorts and outlines how the newly formed company intends to remain committed to CSR […]
Casino
November 10, 2020
Caesars and Evolution Launch Live Casino Suite in Pennsylvania
Caesars and Evolution have launched the company’s live casino solutions on the Pennsylvanian market, with a similar roll-out planned for New Jersey. Evolution Rolls out Live Casino Portfolio with Caesars in PA Evolution, a leader of live casino solutions, has launched its portfolio of live casino games in Pennsylvania, a key market that adds to […]
Casino
November 6, 2020
Caesars Entertainment Posted $926M Third Quarter Net Loss
Las Vegas business for Caesars Entertainment has been picking up speed, investors were told by the company’s CEO Tom Reeg during the third quarter conference call, a quarter in which the casino giant posted net loss of $926 million compared to net income of $37 million for the same period in 2019. Financial Statements Contain […]