One down, two to go The Culinary Local 226 union has come to a tentative agreement with the Caesars Entertainment properties in Las Vegas, allowing them to avoid a potential strike later this week. The union announced early Wednesday morning that it negotiated with Caesars for 20 consecutive hours to get the deal done. It… Read more »
Plaintiffs allege lax cybersecurity As MGM Resorts International slowly gets back to normal after the cyberattack that crippled the company from the corporate offices through its casinos, it now faces another challenge: a slew of lawsuits. Last week, three law firms filed a total of five class action lawsuits against both MGM and Caesars, claiming… Read more »
Plaintiff says ads were deceptive As the number of states in which sports betting is legal approaches 40, the hottest topic in the industry right now is arguably the ethics surrounding advertising and promotions. And now Caesars is in the spotlight, sued by a customer who claims the company’s sports betting ads were deceptive. Filed… Read more »
Poker has long desired to enter the mainstream, especially in the States of America. One of the ways to do that is through sponsorship deals with companies and organizations that are in that mainstream area. PokerStars has pulled off such a deal, becoming only the second online poker operation to join forces with a team… Read more »
Economy has changed The United States casino industry has gone through changes in the last few years, as companies have bought and sold casinos, shut some down, and renamed others. On Tuesday, we found out that one thing will stay the same in the immediate future: Caesars Entertainment is not going to sell any of… Read more »
Bally’s is banking on the quality of its Bally Bet product being the draw when it enters the New York and Arizona online sports betting markets. While most operators try to jump into a new market on day one or at least as quickly as possible, Bally’s is taking its time. In last week’s earnings… Read more »
The 2021 World Series of Poker has come and gone and, for the most part, it was a highly successful run. Almost 90 tournaments, all run very well, and the threat of COVID-19 was pretty much nonexistent save for the end of the schedule. But there was one thing that, while on its face looked… Read more »
The nominees for induction into the Poker Hall of Fame for 2021 were announced last week and as is usual for the nominees, it was an incredibly special list. Any and all of the men nominated would be viable inductees, with obvious qualities that would set them apart. As my friend and colleague Dan Katz… Read more »
Hotel had been closed mid-week Though COVID-19 vaccines are getting into arms at a rapid pace now, it is still going to be a while before things are back to normal in the United States. Things are definitely starting to feel a little more normal, though, as people are starting to return to some of… Read more »
No, Bally’s didn’t buy itself Bally’s Corporation announced on Wednesday that it has completed its acquisition of Bally’s Atlantic City from Caesars Entertainment. The two companies previously agreed to the $25 million (yes, only $25 million) deal in April. If it sounds strange that Bally’s has acquired Bally’s, don’t worry. Bally’s was very recently called… Read more »
Grabbing a solid name Twin River Worldwide Holdings announced on Wednesday that it has acquired the Bally’s brand from Caesars Entertainment for $20 million. It has not purchased any property from Caesars, just the brand name. Caesars still owns Bally’s Las Vegas Hotel & Casino, but will not have to rename it. As part of… Read more »
Following a statement last week from William Hill, Caesars Entertainment confirmed on Monday that it is “advanced” talks to acquire the UK-based sports betting leader. The offer on the table right is for Caesars to pay 272p ($3.50) per William Hill share, making the total value of the potential takeover £2.9 billion ($3.7 billion). The… Read more »
Thousands of members of two major Las Vegas casino workers unions can breathe at least a mild sigh of relief, as they have negotiated a deal with MGM Resorts International and Caesars Entertainment to protect their health benefits for another half a year. The gigantic gaming firms have agreed to extend the family health benefits… Read more »
Look out for the 800-pound gorilla Eldorado Resorts Inc. finally completed its $17.3 billion acquisition of larger gaming rival Caesars Entertainment Corp. on Monday, creating the largest casino company in the United States. The new combined company will keep the Caesars name, almost certainly because of its brand recognition, and will be called Caesars Entertainment… Read more »
Mask use is mandatory at casinos With COVID-19 cases continuing to escalate in the United States, casino operators appear to be taking at least one safety measure very seriously. Caesars, Las Vegas Sands, and MGM Resorts International have all reportedly told their employees to wear protective face masks or find somewhere else to work. According… Read more »
A deal in an empty market Casinos around the United States may be closed and there might not be any prospects for any real sort of cash flow for the foreseeable future, but that doesn’t mean that gaming industry deals can’t still be made. Recently, Twin River Worldwide Holdings Inc. announced that it has agreed… Read more »
It is approximately three months until the start of the 2020 World Series of Poker and many players are making their arrangements to attend this year’s event. As many are planning, however, there are rumblings around the world regarding the coronavirus outbreak that has plagued the globe. Caesars Entertainment, the management behind the WSOP, is… Read more »
Caesars Entertainment Corporation announced on Monday morning the news that the poker world has long known (or thought) was coming: it has sold the Rio All-Suite Hotel & Casino in Las Vegas, home of the World Series of Poker. The buyer is an unnamed company “controlled by a principal of Imperial Companies.” The total sales… Read more »
It seems as though there is nothing that will stop the steamroller that is the New Jersey online gaming industry. After smashing records in July with their “take” – revenues from the games – the Garden State’s online gaming industry came back in August and crushed their newly set record. There remains one issue, however…the… Read more »
After rumors of a deal swirled, Eldorado Resorts, Inc. and Caesars Entertainment Corporation announced on Monday that they have agreed to a merger, forming the largest gambling company in the United States. The combined company will operate close to 60 casino-resorts in 16 states, including the Rio All-Suites Hotel and Casino, home of the World… Read more »
Two giants of the gaming industry, MGM Resorts International and Caesars Entertainment, have teamed up to create the non-profit Sports Wagering Integrity Monitoring Association (SWIMA), which is just as it sounds: a watchdog organization with the aim of maintaining the integrity of the growing U.S. sports betting industry. According to a press release, SWIMA is… Read more »
Online poker has been around in New Jersey since they passed legislation in 2013. But its casino counterpart has constantly been the success story of the Jersey online gaming industry, bringing in hundreds of millions of dollars while online poker brings in a pittance. Now there is another player on the block that is threatening… Read more »
Signaling the vibrancy of its online gaming industry, New Jersey was able to bank its biggest online “win” rate in its history in the month of March 2018. Over the 31 days of March, New Jersey’s citizens seemed to flock to the offerings from the casino operations in the state. For the month, the five… Read more »
