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…

Caesars Sells Bally’s Brand

More interesting headlines today, as Caesars sells Bally’s brand name to the Twin River Holdings in Rhode Island for $20 million. The move comes after Twin River bought three properties, including Bally’s Atlantic City, from Caesars and Eldorado Resorts as the two giant companies were offloading properties in hopes of having its merger approved by regulators. After the Caesars-Eldorado merger there were rumors that the new company would sell one of their Las Vegas Strip properties. Bally’s Las Vegas is still listed as a Caesars Entertainment property, but that could change in the near future. The sale of the brand…

Caesars May Breakup William Hill to Sell in Pieces

Less than a week after Caesars Entertainment purchased the British bookmaker for $3.7 billion, talk has already started that they will breakup William Hill and sell off pieces of the company. Caesars seems clearly set to focus on the American assets of William Hill, saying that they will “seek suitable partners or owners” for the UK portions of the company. They estimate the U.S. sports and online betting market to be worth somewhere near $35 billion. Analysts estimated William Hill’s non-U.S. assets could fetch Caesars between $2 billion and $4.5 billion. The company could put that money toward repaying its…

Pennsylvania Sports Betting

Caesars, ESPN and Sports Betting in America

It’s been a crazy month for sports betting in America. Caesars Entertainment was brokering deals after being purchased by Eldorado Resorts. The biggest being their acquisition of William Hill. Their CEO, Tom Reeg, recently spoke to CNBC about the legalization of sports betting in this country, and how it’s one of the biggest growth opportunities for gaming in twenty years. “This is an enormous opportunity. I’d liken it to when states outside of Nevada and New Jersey started to legalize riverboat casinos in the ’90s,” Reeg said. “We think there’s a lot of money to be made here over time,…

Caesars Buys William Hill

In a move that is sure to shake up the gambling industry, Caesars buys William Hill for close to $4 billion. The deal was announced today, as shareholders of the British bookmaker will receive a 25% premium with a closing share price of 217.60 pence. The two companies said on Monday that they were in advanced talks over a possible offer at 272 pence for each William Hill share, which the U.K. company said was “minded” to recommend to its shareholders. ““William Hill’s sports betting expertise will complement Caesars’ current offering, enabling the combined group to better serve our customers…

Caesars Becomes Worlds Largest Gambling Company

Following a year long process with regulators in different jurisdictions, the merger between Caesars Entertainment and Eldorado Resorts is finally complete! And together they have created the largest gambling company in the world! We also cover news from Atlantic City and review a new casino skill game.   New Jersey gaming regulators gave the final approval Friday for a $17.3 billion merger of Eldorado Resorts and Caesars Entertainment, clearing the way for a deal that will create the world’s biggest gambling company. The New Jersey Casino Control Commission voted 2-0 in favor of the proposal, which for the time being…