Caesars Entertainment has announced that they have entered into an agreement to sell the popular LINQ Promenade. The buyers appear to be a joint venture company that will be formed between TPG Real Estate and the Investment Management Platform of Acadia Realty Trust for $275 million. The LINQ Promenade is a high traffic, 1,200-foot-long corridor right off the Las Vegas Strip that runs along the resort’s southern edge. It offers access to a new version of the O’Sheas Casino, as well as many popular attractions and restaurants, including our favorite In-N-Out Burger (sad we know) and great views of the…

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…

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 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…

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…

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…