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Business
September 21, 2020
Caesars and VICI Complete Caesars Forum $400M Mortgage Deal
Caesars Entertainment announced Friday it secured a mortgage loan deal worth $400 million with real estate investment trust (REIT) VICI Properties, and secured by the Caesars Forum Conference Center in Las Vegas. In a filing to the Securities and Exchange Commission (SEC) VICI outlined the loan deal which was initiated by a letter of intent […]
Casino
September 20, 2020
Committee to Oppose the Creation of New Casino in Virginia
Eric Stamps created a new political action committee that will oppose the creation of a new casino resort in Danville, Virginia. According to Stamps, a large segment of the population of the city is not being heard. New Committee Opposes the Creation of a Casino in Virginia A new political action committee (PAC) was created […]
Casino
September 19, 2020
GTG Partners with Caesars Entertainment and Penn National
Melbourne-based creator of large-scale consumer engagement products GTG Network announced two new partnership deals, with casino operators Caesars Entertainment and Penn National Gaming. Under the new partnerships, Caesars will launch its free to play Pro Football Pick’em online game, while Penn National will utilize GTG’s iSport Genius data driven content and insights for sports bettors […]
Business
September 17, 2020
William Hill’s Mobile Sports Book App Goes Live in Illinois
America’s leading sports book operator William Hill announced Tuesday it launched its mobile sports betting app in Illinois. In partnership with Grand Victoria Casino in Elgin, the Prairie State became the 6th to feature the William Hill Mobile App. Caesars Entertainment Partnership with William Hill Partnering with Caesars Entertainment, William Hill is offering to sports […]
Casino
September 4, 2020
Caesars and VICI Sell Harrah’s Louisiana Downs for $22M
Caesars Entertainment and VICI Properties announced Thursday the sale of a casino property, as both companies entered into definitive agreements to sell Harrah’s Louisiana Downs in a $22 million deal to Rubico Acquisition Corp. The sale of the casino and racecourse resort in Bossier City, Louisiana, comes as a surprise on the back of the […]
Casino
September 3, 2020
Caesars Granted Approval for Danville Casino by City Council
Danville City Council approved the agreement with Caesars Entertainment for a casino project, local media outlets reported Tuesday. Whether the Danville of the future will include a casino or not is now in the hands of the city residents who will cast their vote this fall. The performance agreement proposed by Caesars and promising to […]
Business
September 2, 2020
William Hill Acquires CG, Eyes Online Businesses Merge with Caesars
William Hill announced Tuesday it completed the acquisition of CG Technology after the approval granted by Nevada regulators last week. As per the deal, the sports betting giant started operating 4 additional sports books and expended its presence on the Las Vegas Strip. Expanding Its Footprint on the Strip The new properties added to the […]
Casino
September 2, 2020
Las Vegas Unions Agree on Health Benefits for Casino Employees
Some 36,000 employees of MGM Resorts and Caesars will receive health benefits until March 1, 2021, following a recent agreement with two unions in Las Vegas. Culinary Union executive Geoconda Argüello-Kline said that the agreements are “historic”. Las Vegas Unions in an Agreement with MGM Resorts and Caesars Thousands of working and furloughed employees at […]
Industry
August 12, 2020
Caesars Launched Its Virginia Casino Referendum Campaign
Caesars Entertainment Inc. officially launched today its referendum campaign regarding the casino in Danville, Virginia. Danville residents will have a chance to vote yes for the $400 million premier resort and casino during the upcoming referendum in November after the City Council of Danville passed a resolution to petition the court for the inclusion of […]
Casino
August 7, 2020
Caesars Posted Q2 Loss, Will Offset with Convention and Sports
Caesars Entertainment Inc. posted its second quarter financial results Thursday, the first report from the combined entity between Caesars and Eldorado Resorts. The $17.3 billion mega-merger deal was completed July 20, to create a regional gaming giant. The new Caesars posted $100 million in net loss for the second quarter of 2020, compared to a […]