Tag: caesars entertainment
GGPoker Buys the WSOP: What Happens Now?
Caesars Entertainment has sold the World Series of Poker! As GGPoker buys the WSOP, we examine what this mean for their online poker sites, their land-based poker rooms, and the live WSOP Tournament in Las Vegas each summer! Plus, we have a look at the renovated poker room at the Venetian! Hello friends! Caesar’s Entertainment has sold their World Series of Poker brand to the parent company of GGPoker for $500 million. But GGPoker focuses on the Asian and European markets, which has a lot of American players wondering, what the hell? And, what happens now? First, the things that…
Heading to Las Vegas Will Cost You More
Las Vegas has changed over the years, and gone are the days of steak and lobster for a few dollars. Sin City now boasts world class cuisine and major concerts, as well as professional sports teams. And all of this is leading to the higher paying customers that gambling companies really want. Heading to Vegas for Memorial Day? Hello friends! With the Memorial Day holiday almost upon us, some of you may be headed to Sin City for the long weekend. And if so, chances are you’re going to pay more for this Las Vegas trip than you did…
Las Vegas is Getting More Expensive
Las Vegas is always changing, and coming out of the pandemic it seems no city bounced back stronger. It’s no longer just a destination to do some gambling, see a show, and grab a cheap steak dinner. It’s so much more, and you’re probably going to pay for that. Sin City is now a prime location for top-notch entertainment. It has become a place for artists in residency, fine dining, and major league sports. And executives at some of the biggest gambling companies are taking notice, and possibly seizing on the opportunity. Tom Reeg, CEO of Caesars Entertainment, recently commented…
Caesars Entertainment Continues to Bleed Cash
Despite record breaking revenue numbers for Nevada and Las Vegas, Caesars Entertainment in hemorrhaging cash. While the company was able to generate $2.3 billion in revenue, which is up from $1.8 billion the year before, their net losses somehow increased from $423 in 2021 to $680 million this year. Part of the reason for the counterintuitive results lies in the fact that Caesars operational expenses are up over 45%. Those expenses came to $2.3 billion, which was their exact revenue that the company reported. Additionally, they lost $53 million from their digital segment, which had been profitable to the tune…
NFL’s Colts Betting Deal with Caesars & William Hill
An Indianapolis Colts betting deal with Caesars Entertainment and William Hill marks a new way for football fans to engage in sports betting this season in Indiana. The agreement means that Caesars Rewards will sponsor a free-to-play “Pick 6 Predictor” game on the Colts Mobile App. The Pick 6 Predictor generates a series of questions and fans predict the outcome prior to games. Correct picks are rewarded with weekly prizes. Once the game receives approval from regulators, the “Caesars Sports Book by William Hill” app will integrate it into the Colt’s media and marketing efforts, bringing exclusive offers and promos…
Caesars is Charging for Parking Again
Don’t look now, but one Las Vegas operator has made a change: Caesars is charging for parking again. While Nevada residents and hotel guests will not be charged, other guests will have to pay for self-parking. These fees will be collected at Caesars Palace, Paris Las Vegas, Bally’s Las Vegas, Flamingo Las Vegas, The LINQ Hotel + Experience and Harrah’s Las Vegas. Caesars officials say this change is intended to improve the overall guest experience. Fees will start to be collected on October 30th, and you can read more about why Caesars is charging for parking at their resorts at…