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Harrah’s Northern California Celebrates Grand Opening Weekend

George Miller

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Harrah's Northern California Celebrates Grand Opening Weekend
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A spectacular drone light show lit up the night sky in Amador County, Calif.this weekend as Harrah’s Northern California celebrated the official grand opening of Northern California’s only Caesars Rewards-affiliated casino.

Drawing guests from across the region, the highly-anticipated entertainment destination hosted round-the-clock promotional giveaways for players and invited guests, who took advantage of the casino’s affiliation with Caesars Rewards by earning Reward Credits that may be redeemed across the network’s more than 40 casino-resorts worldwide.

Hundreds of guests gathered outside the casino on Friday, May 17 to see the highlight of the grand opening festivities, a custom-designed Intel drone light show. The performance featured 300 Intel® Shooting Star ™ drones, which are designed for entertainment purposes and capable of creating more than four billion color combinations to light up the sky.

The Intel drone light show was accompanied by a dynamic 3D projection mapping of the casino exterior and spectacular pyrotechnics display. Designed exclusively for Harrah’s Northern California, the projection mapping and drone light show depicted imagery associated with the sumptuous collection of vineyards and scenic vistas in Amador County ahead of transitioning to reveal card suites and dice commemorating the rich history of Harrah’s gaming legacy. An over-the-top pyrotechnics display concluded the spectacular event as the Harrah’s Northern California logo danced in the night sky.

“This weekend was as much a celebration of opening as it was a ‘thank you’ to the local community and our guests who have been so supportive of the development,” said Buena Vista Rancheria Chairwoman Rhonda Pope-Flores. “The Buena Vista Rancheria of Me-Wuk Indians have a long history of hospitality and this weekend was just the start of many celebrations we plan to bring to the community.”

Since opening its doors at the end of April, Harrah’s Northern California has welcomed a steady stream of guests and players eager to be among the first to place bets in the casino and explore the new entertainment destination. The property, which broke ground in March 2018, boasts 950 slot machines, 20 tables games, three fast-casual dining concepts and one casual elegant dining venue, Louie Oliver’s Restaurant & Bar which features an array of local fare and fresh, farm-to-fork selections. Harrah’s Northern California guests benefit from the many advantages and perks of the casino’s agreement with Caesars Entertainment, including earning Caesars Rewards member privileges and preferred access to Caesars’ resorts and amenities in Las VegasLake Tahoe and around the world.

 

HARRAH’S NORTHERN CALIFORNIA
Harrah’s Northern California is a state-of-the art, 71,000 square-foot entertainment destination nestled in the scenic foothills of Amador County, Calif. The property boasts 950 slot machines, 20 tables games, three fast-casual dining concepts and the casual elegant Louie Oliver’s Restaurant & Bar. Harrah’s Northern California guests benefit from the many advantages and perks of the casino’s agreement with Caesars Entertainment, including earning Caesars Rewards member privileges and preferred access to Caesars’ resorts and amenities in Las VegasLake Tahoe and around the world. Harrah’s Northern California Casino is located on the Buena Vista Tribe reservation land in Amador County, approximately one-mile south of the town of Buena Vista, 28 miles northeast of the City of Stockton, and 32 miles southeast of the City of Sacramento.

 

Source: Harrah’s Northern California

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

Carl Icahn’s Statement Regarding Caesars and Eldorado Merger

George Miller

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Carl Icahn's Statement Regarding Caesars and Eldorado Merger
Photo Source: bloomberg.com
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“We are pleased by the announcement that Eldorado Resorts, Inc. will merge with Caesars Entertainment, at a price of $13.01 per share ($8.40 in cash and $4.61 of Eldorado stock (based on Eldorado’s closing price on June 21, 2019)). This merger is the quintessential example of how an activist shareholder, working collaboratively with the Board, can greatly enhance value for all stockholders. The deal price represents a premium of 51% over Caesar’s trading price on the day before our representatives joined the Caesars Board on March 1, 2019. While I criticized the Caesars Board when I took a major position several months ago, I would now like to do something that I rarely do, which is to praise a board of directors for acting responsibly and decisively in negotiating and approving this transformational transaction.

As a combined company, Caesars and Eldorado will be America’s preeminent gaming company. It is rare that you see a merger where because of the great synergies “one plus one equals five.” I look forward to seeing our investment prosper.

Unfortunately, there are far too many boards that unlike Caesars, believe corporations are more like feudal systems, than democracies; that stockholders are the peasants who represent a necessary evil that must be tolerated, possibly patronized, but certainly ignored. Much like the feudal barons, they hire mercenaries (lawyers and investment bankers) to deal with these peasants (stockholders), if they become too unruly. The recent Occidental Petroleum fiasco is a great example of how CEOs and boards will go to great lengths, including “betting the company” to serve their own agendas. If their bet is successful, they and possibly their shareholders win, but if it is unsuccessful, only the shareholders lose. Too many boards like Occidental’s believe they are unaccountable and cannot be removed, and therefore can do almost anything they please. This attitude is a major threat to the value of America’s companies, the stockholders of which are many middle Americans who have more of their savings invested in stocks than ever before.” – Carl C. Icahn

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Gambling in the USA

UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment

George Miller

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UNITE HERE Warns About Potential Gaming Tax Revenue Declines, Job Cuts, and Other Problems of Proposed Merger of Eldorado Resorts and Caesars Entertainment
Reading Time: 2 minutes

 

Eldorado Resorts and Caesars Entertainment jointly announced a proposed transaction to combine the two corporations, pending shareholder and regulatory approvals. The deal is to be based on $7.2 billion of new debt financing and $500 million of cuts and other “synergies.” UNITE HERE, the hospitality workers union, represents approximately 25,000 workers at Caesars and Eldorado properties.

UNITE HERE-represented union casinos accounted for approximately 68% of the pro forma $30 billion combined Caesars-Eldorado EBITDAR in 2018. These 22 UNITE HERE union casinos altogether include over 50% of the combined company’s total hotel rooms, over 30% of its total slots, and nearly 40% of its total table games. UNITE HERE locals are currently in contract negotiations with Eldorado at Circus Circus Reno and Isle Pompano Beach. Contracts at six additional UNITE HERE union casinos in the combined Caesars and Eldorado portfolio will expire in 2020, including four properties in Atlantic City.

UNITE HERE issued the following statement from President D. Taylor:

“UNITE HERE has had a positive relationship with Caesars Entertainment over the years, and 25,000 union members have been excited to help the company reinvest and rebuild as it recovers from the disastrous leveraged buyout led by Apollo and TPG. It is in this context that we approach the proposed sale of the company with great concern.

Yesterday, Eldorado announced cost-savings of $500 million in the first year of the combined company. Where are they going to cut? We will not stand by idly if the proposed Caesars-Eldorado transaction will lead to significant job losses, worse wages and benefits for our members, and lower state gaming tax receipts in the many communities where members we represent work and live. Casinos operating under privileged licenses are meant to create significant benefits for host communities, including family-sustaining jobs and local government funding based on gaming taxes.

We will support changes at Caesars that preserve the company’s long-term financial health and provide a sustainable path to good jobs in vibrant gaming markets across the country.”

2018, 7,700 UNITE HERE members went on a multi-city strike at Marriott hotels across the United States and won historic settlements in Boston, Detroit, San Francisco, San Jose, Oakland, San Diego, and Hawaii.

UNITE HERE represents over 300,000 hospitality workers in gaming, hotel, and food service industries in North America and provides analysis from the perspective of those who work in these industries.

 

Source: UNITE HERE

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Gambling in the USA

Mobile Betting Bill Fails to Progress Through New York Assembly

Niji Narayan

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Mobile Betting Bill Fails to Progress Through New York Assembly
Photo Source: theb1m.com
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Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo said.

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