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Caesars Entertainment Appoints Tony Rodio as Chief Executive Officer

George Miller

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Caesars Entertainment Appoints Tony Rodio as CEO
Photo Source: cincinnatiprofile.com
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Board Forms Transaction Committee to Oversee Ongoing Value Creation Efforts

 

Caesars Entertainment Corporation today announced that its Board of Directors has named Anthony (“Tony”) Rodio as Chief Executive Officer. Mr. Rodio, who is currently CEO of Affinity Gaming, will be transitioning to Caesars during the next thirty days. He will join the Company’s Board of Directors and be based in Las Vegas. The Board also announced the creation of a Transaction Committee to oversee the Company’s evaluation of ongoing efforts in creating additional shareholder value.

“Tony brings to Caesars a track record of operational excellence, proven leadership and deep industry knowledge and expertise,” said James Hunt, Chairman of Caesars’ Board. “Tony is a respected and highly accomplished executive who has successfully built and grown businesses in our industry throughout his career. We are confident that Tony has the vision and depth of operating experience to lead our talented senior management team as Caesars continues its long history of delighting our guests, fostering a welcoming and rewarding workplace for our team members and creating value for shareholders and other stakeholders. Our entire Board looks forward to his leadership in evaluating and executing the Company’s go-forward plans.”

Mr. Rodio commented: “I have long admired Caesars and am optimistic about the Company’s future prospects. Our industry is going through a time of transition and opportunity and I look forward to leading Caesars’ exceptional team through the Company’s next phase of growth, innovation and value creation.”

Mr. Rodio has nearly four decades of experience in the gaming industry. Since October 2018, Mr. Rodio served as Chief Executive Officer of Affinity Gaming. Prior to this, he served as President, Chief Executive Officer and a member of the Board of Directors of Tropicana Entertainment, Inc. During his time at Tropicana, Mr. Rodio oversaw a period of unprecedented growth at the company, improving overall financial results with net revenue that increased more than 50% driven by both operational improvements and expansion across regional markets. Mr. Rodio led major capital projects including the complete renovation of Tropicana Atlantic City and Tropicana’s move to land-based operations in Evansville, Indiana. Each of these initiatives, among others, generated substantial value for Tropicana. Prior to Tropicana, Mr. Rodio held a variety of roles at Hollywood Casino and Harrah’s Entertainment.

Transaction Committee

The Board’s Transaction Committee, composed of independent directors, will continue to consider and evaluate various paths for enhancing shareholder value, including continuing to operate as an independent public company. The Committee members are Thomas Benninger, Keith Cozza, Don Kornstein and Courtney Mather. The decision to form this Committee follows inquiries from industry participants concerning possible transactions with Caesars. PJT Partners LP is assisting the committee with this process.

There can be no assurance that the exploration with other industry participants will result in any transaction or other result. The Committee has not set a timetable for completion of its review, and it does not intend to comment further regarding these matters unless a specific transaction or other alternative is approved by the Board of Directors or it is otherwise determined that further disclosure is appropriate or required by law.

Tony Rodio Bio

Mr. Rodio, 60, served as Chief Executive Officer of Affinity Gaming since October 2018 and has over 37 years of experience in the casino industry.

Mr. Rodio started his gaming career in 1980 as an accounting clerk and transitioned into the management ranks, holding a succession of executive positions for casino brands including Harrah’s Entertainment, Trump Marina Hotel Casino, the Atlantic City Hilton Casino Resort and Penn Gaming.

Before leading the Affinity team, Mr. Rodio served as Chief Executive Officer and President of Tropicana Entertainment Inc. for over 7 years. During his tenure, he oversaw the deployment of significant capital investments and dramatically increased the earnings of the enterprise.

He has also served on the boards of professional and charitable organizations including Atlantic City Alliance, United Way of Atlantic County, the Casino Associations of New Jersey and Indiana, AtlantiCare Charitable Foundation, and the Lloyd D. Levenson Institute of Gaming Hospitality & Tourism.

Mr. Rodio holds a Master of Business Administration from Monmouth University and a Bachelor of Science from Rider University.

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

 

SOURCE Caesars Entertainment Corporation

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Gambling in the USA

MLS partners with Second Spectrum on advanced tracking data system

George Miller

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State-of-the-art player tracking data is now coming to MLS.

The league announced on Wednesday a multi-year partnership with Second Spectrum, which becomes MLS’s first official advanced tracking data provider. Beginning with the 2020 season, Second Spectrum will put its proprietary optical tracking system to work for every MLS match.

As part of this process, Second Spectrum installed optical tracking systems in every MLS stadium during the offseason. Leveraging these cameras and a cloud-based analytics engine, Second Spectrum captures data on the location of every player, the referees, and the ball 25 times per second.

Second Spectrum uses machine learning and artificial intelligence to process the collected data, and can calculate a player’s speed, acceleration, deceleration, and shot velocity, as well as advanced statistics like passing probability and expected goals, in near real-time.

In addition to new statistical content that will be showcased throughout the season, fans will also see the new metrics and data visualizations come to life in new enhanced highlights that will be showcased throughout the season on MLSsoccer.com and the official MLS app.

As the season progresses this new tracking data will be integrated into MLS match broadcasts.

MLS club technical staffs will also use the new software to scout and track player performance. The Second Spectrum system will provide data visualization technology, customized reports, enhanced video tools and more for coaches, data scientists and video analysts.

“We’re incredibly excited to partner with MLS and its teams,” Second Spectrum CEO Rajiv Maheswaran said in a statement. “The combination of our new technologies and capabilities with a forward-thinking organization like MLS creates an exciting future of continued growth and innovation together.”

The wide-ranging partnership encompasses all MLS matches, including Audi MLS Cup Playoffs, MLS Cup and the MLS All-Star Game presented by Target, as well as Leagues Cup and Campeones Cup matches – the annual competitions between MLS and Liga MX.

“MLS’s partnership with Second Spectrum sets a new standard for innovation in player-tracking in soccer,” Chris Schlosser, MLS SVP of Media said in a league statement. “Along with Second Spectrum, MLS will deliver an enhanced new fan experience, bringing innovation to MLS content, while providing MLS clubs and technical staff with new tools to enhance player performance.”

 

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Gambling in the USA

Plaza Hotel & Casino celebrates St. Patrick’s Day with green fireworks at 10 p.m., free dome party starting at 7 p.m.

George Miller

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Plaza Hotel & Casino celebrates St. Patrick’s Day with green fireworks at 10 p.m., free dome party starting at 7 p.m.
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A free St. Patrick’s Day party will overtake the iconic dome entrance of the Plaza Hotel & Casino on Tuesday, March 17 starting at 7 p.m. The party will culminate at 10 p.m. with a live fireworks show shot from multiple locations on the Plaza’s rooftops, lighting up the sky with green pyrotechnics viewable by the party guests, those on Fremont Street and beyond.

The Plaza invites the public to join in the fun taking place throughout the evening under the dome porte-cochere, where guests will enjoy St. Patrick’s inspired entertainment and a DJ.

The party will also offer several drink specials, including green beer for $4, an Irish Mule for $5, $15 buckets of Guinness beer (6 cans), $3 shots of Jameson Irish Whiskey, and a can of Guinness paired with a shot of Jameson for $6. The Plaza’s popular $15 yardstick well cocktails will also be available, and guests at the dome party will receive discounts redeemable for cocktails at the Plaza’s Omaha or Race & Sports Book bars on the casino floor.

And to celebrate the luck of the Irish all month long, guests can play the Lucky Pot Kiosk Game every Tuesday and Thursday in March for a chance to win $1,000.

 

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Gambling in the USA

BetMGM Launches Sports Betting App in Indiana

George Miller

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BetMGM Launches Sports Betting App in Indiana
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Roar Digital, LLC – the joint venture between MGM Resorts International and GVC Holdings – announced today that BetMGM, a leading mobile sports betting app, is now accepting wagers throughout Indiana. BetMGM is entering Indiana through a market-access agreement with Boyd Gaming.

“Introducing BetMGM in Indiana is a significant development for Roar Digital and MGM Resorts,” said Scott Butera, President of Interactive Gaming for MGM Resorts. “Indiana has a rich history in professional and amateur sports and a strong fan base. We believe that the sports betting opportunities offered by BetMGM, and access to MGM’s world-class entertainment offerings and resorts, will be well-received.”

BetMGM offers unique product features, such as in-app, livestreamed sports events from around the world. In conjunction with today’s launch, Indiana bettors will enjoy promotions only available within Indiana, affording ample opportunity to bet on professional as well as collegiate sports through a variety of pre-match, in-play and player proposition wagers.

“We’re excited to launch BetMGM in a state as passionate about sports as Indiana is and look forward to seeing fans in the state take advantage of our unique in-app offers,” said Adam Greenblatt, Chief Executive Officer, Roar Digital. “Indiana marks an incredibly important expansion for us as we look to solidify our presence in the Midwest and continue to bring BetMGM to new states in the US.”

Indiana is BetMGM’s third U.S. market entry, following New Jersey and West Virginia.  Available for download on both iOS and Android and accessible via desktop, BetMGM leverages an exclusive betting engine that allows fans to place bets quickly and with ease. Sports bettors have access to a wide assortment of betting markets on BetMGM, including football, basketball, baseball, hockey, golf, soccer, tennis and combat sports.

For more information on BetMGM, follow @BetMGM on Twitter.

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