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Gambling in the USA

Caesars Entertainment Enters Into Multi-State Agreement With DraftKings

George Miller

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Caesars Entertainment Enters Into Multi-State Agreement With DraftKings
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Multi-year Deal Includes Online Gaming Market Access, Events and New Revenue Streams

 

Caesars Entertainment Corporation, the world’s most diversified casino-entertainment company, and DraftKings, the leading sports-tech entertainment brand in the U.S., have reached an agreement under which Caesars will offer DraftKings market access for its online gaming products, subject to passage of applicable laws and the parties securing applicable gaming licenses. DraftKings’ market access is exclusive to Caesars across certain states in which Caesars operates casino properties.

“Caesars’ agreement with DraftKings, their first multi-state partnership, brings together the established leaders in gaming, daily fantasy sports and sports betting to provide customers more options,” said Mark Frissora, President and CEO of Caesars Entertainment. “This alliance is the latest initiative by Caesars to capitalize on our database, generate a new revenue stream in a growth market and raise our profile in sports, in part by creating new sports-themed guest experiences at our resorts across the country.”

Since they were first to market in New Jersey with the launch of DraftKings Sportsbook in August of 2018, DraftKings has led the state in mobile sports betting revenue every month. In January 2019 mobile sports betting accounted for nearly 80 percent of the total sports betting revenue in New Jersey.1

“Partnering with such a world class gaming organization will expedite our national roll-out process and give us the opportunity to work alongside one the largest and most established industry leaders in the world,” said Jason Robins, CEO and Co-Founder of DraftKings. “We look forward to collaborating with Caesars Entertainment on creating the most innovative and engaging sports and entertainment products and events for our customers.”

DraftKings will promote Caesars Entertainment as its official casino resort partner in the states where the companies collaborate, and Caesars Entertainment will receive DraftKings equity. Caesars can also continue to offer their own branded sports betting and online casino apps in each of these jurisdictions – and will maintain their own primary access in all states according to regulation under the agreement.

 

About Caesars Entertainment:

Caesars Entertainment is the world’s most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company.   Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions.  Caesars Entertainment’s resorts operate primarily under the Caesars®, Harrah’s® and Horseshoe® brand names.  Caesars Entertainment’s portfolio also includes the Caesars Entertainment UK family of casinos.  Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership.  Caesars Entertainment is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment.  For more information, please visit www.caesars.com.

About DraftKings:

DraftKings is a global sports technology and entertainment company that believes life is more fun with skin in the game. Its mission is to bring fans closer to the games they love via a unique combination of daily fantasy sports, sports betting and media platforms that, combined, deliver “The Game Inside The Game.” Founded in 2012 by Matt Kalish, Paul Liberman and Jason Robins, DraftKings is headquartered in Boston, MA, and offers daily fantasy sports contests across 11 professional sports in 8 countries including the U.S., Canada, U.K and Australia. Operating pursuant to state regulations in New Jersey and Mississippi, DraftKings Sportsbook mobile and retail, allows players in the state to engage in betting for major U.S. and international sports.

Forward-Looking Statements

This release includes “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts and by the use of words such as “will,” or other variations thereof or comparable terminology. These forward-looking statements are based on current expectations and projections about future events.

You are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and, consequently, the actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, growth in the sports gaming industry and our ability to respond to changes in the industry, prevailing economic conditions from time to time, the passage of applicable laws, receipt of any necessary regulatory approvals, and may include other factors described from time to time in Caesars’ reports filed with the Securities and Exchange Commission.

You are cautioned to not place undue reliance on these forward-looking statements, which speak only as of the date of this document. Caesars undertakes no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

 

Source: Caesars Entertainment

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Gambling in the USA

Oneida Indian Nation and Caesars Entertainment to Unveil “The Lounge with Caesars Sports”

George Miller

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Oneida Indian Nation and Caesars Entertainment to Unveil “The Lounge with Caesars Sports”
Reading Time: 3 minutes

 

Branding and marketing alliance brings sports betting game day excitement to Turning Stone Resort Casino and Point Place Casino on August 1, with the sports book at Yellow Brick Road Casino to open later this summer. Sports fans who sign up for the new, exclusive “Champions Fan Club” in advance of the Grand Opening will be eligible to win a Grand Opening prize, featuring a special VIP experience at the sports book for a group of four.

 

The Oneida Indian Nation announced today it is partnering with Caesars Entertainment to open sports books known as “The Lounge at Caesars Sports” at the Oneida Nation’s award-winning Turning Stone Resort Casino in Verona, NY, and Point Place Casino in Bridgeport, NY, with a grand opening celebration planned for August 1. “The Lounge with Caesars Sports” is planned to open at Yellow Brick Road Casino before the start of the NFL season.

Additional details about the August 1 grand opening festivities will be revealed next week.

The Lounge with Caesars Sports

“The Lounge with Caesars Sports” venues at the Oneida Indian Nation’s casinos will feature LED terminals with high-definition resolution, state-of-the-art odds boards that constantly update and offer opportunities for in-game wagers, as well as new full-service bars, ticket windows, ultra-comfortable seating, and VIP areas with their own dedicated TV screens.

At Turning Stone, “The Lounge with Caesars Sports” will be prominently located at the resort’s main entrance. It will feature a massive 500-square-foot curved LED screen, with acuity similar to Times Square, visible from three sides and to visitors entering from the main entrance and the parking garage. Plus, there are an additional 16 large LED TVs throughout the sports book, including a mix of 65-inch screens and 85-inch screens to put the viewers at the center of the sports action.

The new sports book at Point Place Casino will be in the newly expanded gaming floor, with the primary video wall featuring a 24-foot HD LED screen, plus an additional 30 LED TVs throughout the space, a mix of both 65-inch screens and 85-inch screens.

Champions Fan Club

Sports fans also have an opportunity to join the Oneida Indian Nation’s just-launched Champions Fan Club to receive the latest sports book news and information about exclusive events and become eligible for special offers. The Champions Fan Club is completely free to join.

Champions Fan Club members who sign up before the grand opening on August 1 will be eligible for a selection of prizes and exclusive opportunities, including one lucky member who will win a Grand Opening Prize package. This prize package will entitle the winner and three friends to be among the first to enjoy the VIP experience at Turning Stone’s new sports betting lounge, including premium seating, $50 in food and beverage credit, a $100 cash voucher and much more. All Champions Fan Club members present at the grand opening will receive a free “The Lounge with Caesars Sports” t-shirt and a chance to win additional prizes during the day’s festivities.

Integrated Rewards Program

Through this new relationship, Turning Stone, Yellow Brick Road and Point Place Casino players will be able to exchange and redeem their TS Rewards loyalty points, as well as have their player tier levels matched, for Caesars Rewards Points at all Caesars properties, with the same exchange available for Caesars players at Oneida Indian Nation properties. Caesars will also sponsor special player promotions and events at its new partner venues, further bringing the excitement of Las Vegas to New York at the Oneida Indian Nation’s gaming venues.

 

About the Oneida Indian Nation:
The Oneida Indian Nation is a federally recognized Indian nation in Central New York. A founding member of the Haudenosaunee Confederacy (also known as the Six Nations or Iroquois Confederacy), the Oneida Indian Nation sided with the Americans in the Revolutionary War and was thanked by Congress and President George Washington for its loyalty and assistance. Today, the Oneida Nation consists of about 1,000 enrolled Members, most of them living in Central New York. The Nation’s enterprises, which employ more than 4,750 people, include Turning Stone Resort Casino, Yellow Brick Road Casino, Point Place Casino, Maple Leaf Markets, SāvOn Convenience stores, RV Park and three marinas. Proceeds from these enterprises are used to rebuild the Nation’s economic base and provide essential services, including housing, health care, and education incentives and programs, to its Members.

About Caesars Entertainment Corporation:
Caesars Entertainment is one of the world’s most diversified casino-entertainment providers and the most geographically diverse U.S. casino-entertainment company. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment’s resorts operate primarily under the Caesars®, Harrah’s® and Horseshoe® brand names. Caesars Entertainment’s portfolio also includes the Caesars Entertainment UK family of casinos. Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. Caesars Entertainment is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. For more information, please visit http://www.caesars.com/corporate.

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Gambling in the USA

Associa Community Association Services of Indiana Hosts Client Appreciation Night

George Miller

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Associa Community Association Services of Indiana Hosts Client Appreciation Night
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Associa Community Association Services of Indiana (CASI) recently hosted clients and vendors at a networking and client appreciation casino night at the Marriott North in Indianapolis, Indiana.

The event hosted more than 150 attendees and highlighted CASI’s appreciation for board members, residents, and vendors as well as cultivated relationships that go beyond just business arrangements. The guests enjoyed hors d’oeuvres, gambling tables, prizes, and a 50/50 raffle. The evening was not only entertaining but also helped raise money for Associa’s national non-profit organization, Associa Cares.

“It was great to see our industry come together as one community for a night of comradery and friendship to support Associa Cares,” stated Annette Byrd, CMCA®, PCAM®, CASI president. “This event helped our team build relationships with clients and vendors and also allowed us the opportunity to help individuals in need, which is priceless.”

Associa Cares funds are distributed to families of Associa-managed and non-Associa managed communities. To donate to Associa Cares or apply for assistance, please visit our website at http://www.associacares.com/.

Associa Cares is a national nonprofit 501(c)(3) organization created to assist families and communities in crisis as a result of natural and man-made disasters. Through donations raised from Associa employees and at fundraising events across the country, Associa Cares is able to provide necessary goods and services to the families affected by these types of tragedies.

With more than 200 branch offices across North America, Associa delivers unsurpassed management and lifestyle services to nearly five million residents worldwide. Our 10,000+ team members lead the industry with unrivaled education, expertise and trailblazing innovation. For more than 40 years, Associa has provided solutions designed to help communities achieve their vision.

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Gambling in the USA

Oklahoma Tribal Leaders Approve a Resolution against Governor’s Gambling Plan

Niji Narayan

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Oklahoma Tribal Leaders Approve a Resolution against Governor’s Gambling Plan
Reading Time: 1 minute

 

The leaders of Oklahoma-based Cherokee, Chickasaw, Choctaw, Muscogee (Creek) and Seminole nations have approved a resolution denouncing the new Republican governor’s plan to force negotiations for a bigger slice of revenue from Oklahoma’s tribal casinos.

The Inter-Tribal Council of the five civilised tribes approved the resolution during a meeting in Tulsa.

Last week, Gov. Kevin Stitt said that the existing compacts should be reevaluated now that the gambling industry has matured in Oklahoma.

Tribal leaders and the governor disagree over what triggers a 15-year renewal of the compacts.

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