Connect with us
SIS

Gambling in the USA

Caesars Entertainment’s search for a new CEO continues

Niji Ng

Published

on

Caesars Entertainment’s search for a new CEO continues
Photo Source: Casino.org
Reading Time: 1 minute

 

The present CEO of Caesars Entertainment, Mark Frissora, has plans to step down from the position in February 2019. The search for his successor is still continuing. It could take several months for the company to find the right person for the job.
Carlo Santarelli, one of the Deutsche Bank gaming analyst says that Caesars is unlikely to name an interim CEO, and that could prompt Frissora to remain in the position longer than his planned February departure.
CDC Gaming Reports that the casino operator is prepared to allow the search to go on for “as long as it takes to find the best candidate and Frissora will remain as CEO until that happens.”

Frissora joined Caesars in 2015 and led the company even though the most complex bankruptcies in recent US business history. He was paid $23.9 million last year, which is the third highest in the gaming industry.
Caesars Entertainment has not publicly revealed to any of their potential suitors about the considering for the CEO job. As per Santarelli, the company may be pursuing CEOs who have experience in gaming industry and consumer brand industry.

After Steve Wynn’s alleged sexual misconduct came to light last year, the chances of a female to become the CEO is very less.

According to Fortune, there were just 24 female CEOs of the Fortune 500 companies. The gaming industry had none.

After the second quarter conference call by the CEO, rumours began to circulate as the CEO told that the company was seeing a softening in Las Vegas demand. The advisory caused a panic on Wall Street, with NASDAQ halting trading of Caesars after shares fell as much as 24 per cent.

Niji has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. Besides reporting industry headlines from all around the globe, Niji is also head of the content management team at Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.

Continue Reading
Advertisement
Comments

Gambling in the USA

Rhode Island introduces mobile sports betting bill

Niji Ng

Published

on

By

Rhode Island introduces mobile sports betting bill
Photo Source: yle.fi
Reading Time: 1 minute

 

A new bill has been introduced by the Senate President Dominick Ruggerio to authorise mobile sports betting in Rhode Island. It is one of the Ruggerio’s top priorities for this year’s legislative agenda, and he said that mobile betting would be convenient and would generate more revenue for the state, which receives 51% of sports betting revenue.

The bill allows the creation of an app that would allow people to access sports betting offerings at Twin River Casino. Accounts have to be created in person at Twin River’s Lincoln or Tiverton casino, where staff could verify a person’s age.

Last month, Ruggerio said that he was confident that the measure could gain passage. “We have sports betting now. I don’t see why we can’t have mobile sports betting. It’s a matter of convenience,” he said.

Continue Reading

Gambling in the USA

Foxwoods Resort Casino® Scores New MVP With David Ortiz Partnership

George Miller

Published

on

Foxwoods Resort Casino® Scores New MVP With David Ortiz Partnership
Reading Time: 2 minutes

 

Red Sox Legend Gets a New Designation with the Northeast’s Premier Resort Destination

 

Foxwoods Resort Casino, voted the Best Casino Outside Las Vegas by a USA Today readers’ poll, has scored big once again by announcing an exclusive partnership with Red Sox legend and Fox Sports analyst David Ortiz.

A 10-time All Star, 7-time Silver Slugger and 3-time World Champion, Ortiz is stepping up to the plate in a new role with Foxwoods, where he’ll join the property’s roster as a designated ambassador. In addition to appearing in upcoming marketing campaigns, the baseball icon will lend support to other exclusive initiatives on property, including gaming tournaments and other hosted events.

“We are so thrilled to welcome David Ortiz to the Foxwoods team, solidifying a unique partnership between two New England institutions,” said Foxwoods’ Interim CEO & Mashantucket Pequot Tribal Council Chairman Rodney Butler. “Big Papi knows a thing or two about hitting it big, and we’ve hit the jackpot in adding him to our lineup to engage with guests and elevate the Foxwoods brand in his new role with the organization.”

“I’ve had such great experiences coming to Foxwoods over the years, so this partnership is a really exciting opportunity for me to show why it’s the premier resort destination in the Northeast,” said Ortiz. “We’re going to have a lot of fun together, and I look forward to sharing the Wonder Of It All with my fans!”

The announcement was made via a special public presentation at Foxwoods today ahead of the property’s 5th Annual Baseball Winter Weekend, an exclusive fan-fest featuring the 2019 Boston Red Sox. For more information, visit foxwoods.com.

 

About Foxwoods Resort Casino:
As the largest resort casino in North America, Foxwoods Resort Casino offers guests a premier destination resort experience throughout its six world-class casinos; AAA Four-Diamond hotels featuring over 2,200 rooms; dining options for all tastes; luxurious spas; award-winning golf; state-of-the-art theaters; Tanger Outlet Mall; conference space for groups of all sizes; and free online casino games at FoxwoodsONLINE.com. There is always something new at Foxwoods, most recently the arrival of Foxwoods Extreme Adventures. Adventure knows no limit as guests can zipline, free fall, catapult or race around on a European-style indoor karting track. Foxwoods Resort Casino truly is The Wonder Of It All, providing a personalized and exciting escape for everyone. Foxwoods, opened in 1992, is owned and operated by the Mashantucket Pequot Tribal Nation. For a detailed look at Foxwoods Resort Casino and Mashantucket Pequot Tribal Nation visit Foxwoods.com.

 

Source: Foxwoods Resort Casino

Continue Reading

Gambling in the USA

AGA Statement on DOJ Reinterpretation of the Wire Act

George Miller

Published

on

AGA Statement on DOJ Reinterpretation of the Wire Act
Photo Source: twitter.com/TPunke
Reading Time: 1 minute

 

Last week, the U.S. Department of Justice released a memorandum reconsidering a 2011 opinion on the applicability of the Wire Act beyond sports gambling. Sara Slane, the American Gaming Association’s (AGA) senior vice president of public affairs, issued the following statement in response to OLC’s opinion:

“It is unfortunate that the Department of Justice departed from well-established practice in reversing its previous opinion without a compelling reason to do so. However, the 2018 OLC opinion does not impact the ability for states and Tribes to legalize and regulate gaming on a state-by-state and tribal basis, or for companies to provide the exciting products and entertainment experiences our customers want.

“With over 4,000 regulators and billions of dollars allocated to compliance, casino gaming is one of the most highly regulated industries in the country and for decades has provided its customers with cutting-edge products in a safe, regulated environment pursuant to state, Tribal and federal law. We will work with all stakeholders to preserve the ability of states and Tribes to regulate gaming, and we encourage DOJ to investigate and shut down illegal, unregulated gambling operators who prey on consumers.”

 

About AGA

The American Gaming Association is the premier national trade group representing the $261 billion U.S. casino industry, which supports 1.8 million jobs nationwide. AGA members include commercial and tribal casino operators, gaming suppliers and other entities affiliated with the gaming industry. It is the mission of the AGA to achieve sound policies and regulations consistent with casino gaming’s modern appeal and vast economic contributions.

 

 

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.