#Tom Reeg

AP News

Not only New York casinos threaten Atlantic City. Developer predicts Meadowlands casino is coming

ATLANTIC CITY, N.J. (AP) - Atlantic City casinos are facing threats on multiple fronts from new competitors not just in New York, but from within their own state. That's not great news for a seaside resort in which the amount of money won from in-person gamblers continues to lag, with seven of the nine casinos winning less from on-premises…

Industry ・ 4 days

The Nevada Independent

Food halls replacing buffets as casinos look to improve their bottom line

Land-based ・ 17 March 2024

Covers

New Report Confirms iGaming Boosts Revenue For Brick-And-Mortar Casinos

The report shows that online casinos tend to appeal to a moderately younger demographic compared to land-based casinos. iDEA commissioned a study from Eilers & Krejcik Gaming (EKG) to conduct the most comprehensive analysis to date on how online gaming impacts land-based casino performance. The report shows that online casinos have a positive…

Industry ・ 17 February 2024

Card Player

Pennsylvania Gaming Revenue Hits New Highs With Yet Another Record Month of Growth

Gaming revenue in the state of Pennsylvania continues to rise, with some online casino providers gaining increasing traction in the market, such as Caesars, which has seen a marked increase in action in terms of downloads in recent months. September 2023 saw online casinos in Pennsylvania reach revenue of $187.3 million, which was a record-breaking…

Finance ・ 18 December 2023

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iGaming Business

Fontainebleau Las Vegas opening points to growth in luxury visitors

The opening of the $3.8 billion Fontainebleau Las Vegas casino resort this week feeds the narrative that the Strip is becoming more of a destination for wealthier visitors. While previously known as a marketplace once relished by tourists for its inexpensive rooms and cheap buffets, that's now changing. November's inaugural Formula One race on the…

Travel ・ 15 December 2023

westchester.news12.com

GOING FOR THE JACKPOT: Casino operators all in on making the Big Apple the next big-time gaming center

Casino operators are all in on making the Big Apple the next big-time gaming center. News 12's Tara Rosenblum takes a look at the effects building Vegas-style casinos in the tri-state area would have locally.News 12's Tara Rosenblum, Rich Barrabi, Kurt Semder and Rachel Yonkunas contributed to this special report. Part 1: Interview with Empire City…

Winnings ・ 15 November 2023

cybersecuritydive.com

Caesars shakes off cyberattack with strong Q3 Las Vegas demand

The casino operator, however, faces extensive litigation and government inquiries following theft of its customer rewards database. Caesars Entertainment is showing little immediate impact from a late summer social-engineering attack after a demand in Las Vegas fueled strong third-quarter earnings. The casino and sports betting giant reported $3…

Incidents ・ 02 November 2023

Vegas Slots Online

Caesars to Give Casino Staff Largest Raise in Four Decades

The Culinary Workers Union - which represents thousands of hospitality workers in Las Vegas, including casino staff - is still busy negotiating a deal between its members and several casino giants. In good news for those members, Caesars Entertainment boss Tom Reeg has just suggested they could be in for a substantial raise. Reeg made the comments…

Jobs ・ 01 November 2023

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The Nevada Independent

Vegas casino worker unions hold strike vote, threatening first major walkout in 39 years

With chants of "one job should be enough," some 10000 members of the Culinary and Bartenders unions filled UNLV's Thomas & Mack Center Tuesday morning for a vote to authorize the first citywide strike against the resort industry in 39 years. Representatives of Culinary Workers Local 226 and Bartenders Local 165 said the results of the vote would…

Land-based ・ 27 September 2023

EGR

US and Canadian online real-money and social gaming industry insight

Caesars Entertainment has confirmed the launch of a new standalone, in-house developed Caesars Palace online casino app across four US states. The new app, described by Caesars as the "crown jewel" of the firm's igaming portfolio, is available on both iOS and Android devices in New Jersey, Pennsylvania, Michigan, West Virginia, as well as the…

Industry ・ 17 August 2023

Vegas Inc

Casino execs’ greed overboard

The May 30 Wall Street Journal had a front-page article headlined, "Bettors Find It Harder to Win At Casinos on Las Vegas Strip." The comments made by Caesars Entertainment chief Tom Reeg to Wall Street Journal analysts seemed to sum up today's Las Vegas casino mindset on gamblers living here and coming to our town as tourists. Reeg and Caesars are…

Land-based ・ 06 June 2023

Newser

Here's Why You're Losing More Often in Vegas Casinos

Las Vegas casinos are costing gamblers more and making it harder to win. The Wall Street Journal reports that blackjack payouts have gone down, roulette wheels aren't as sure a bet as before, and gaming overall costs more now. It turns out there's a reason for these changes-companies are hoping Vegas can become more of a high-end vacation…

Land-based ・ 06 June 2023

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At Las Vegas Casinos, Gamblers Are Paying More and Winning Less

They say the house always wins. And it looks like some new changes will keep things that way. At some Las Vegas casinos, the odds of winning just got lower, and the buy-in more expensive. A new report in the Wall Street Journal said that Las Vegas casinos are making subtle changes that put the house at an advantage, such as raising the minimum bet…

Land-based ・ 31 May 2023

Markets Insider

Gamblers Are Paying More and Winning Less in Las Vegas Casinos

Las Vegas casinos are charging visitors more to gamble while also decreasing their chances of winning. Minimum bets to play blackjack are higher while payouts for winning hands are lower, and placing bets in roulette is riskier on the Las Vegas Strip, according to The Wall Street Journal. Casino execs say it's all a part of a plan to attract…

Land-based ・ 30 May 2023

Daily Mail Online

Gamblers wagering more than ever in Las Vegas as losses increase

Gamblers are wagering more than ever in Las Vegas as casinos increase odds and reduce payouts in some of the most popular games. Blackjack losses on the Strip were nearly $1 billion last year, according to official figures - the second highest on record after 2007. The increase comes as casino bosses attempt to draw in'higher value customers' while…

Blackjack ・ 29 May 2023

westchester.news12.com

Turn to Tara: Caesars plans massive Las Vegas style casino in the heart of Times Square

After years of keeping their plans close to the vest, developers are telling News 12 about their plans to expand a gaming empire into Manhattan. In his first sit-down interview, Caesars CEO Tom Reeg gave our Senior Reporter Tara Rosenblum a revealing look at his plans to build a full-scale Las Vegas style casino in the heart of Times Square with…

Land-based ・ 25 May 2023

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Gwinnett Daily Post

Major Player Answers Las Vegas Strip Casino Sale Question

Caesars Entertainment flirted with selling one of its Las Vegas Strip properties for much of 2022. It was a public process that the company gave updates on regularly, but those updates never actually told people much. That led to all sorts of speculation as to exactly which Strip resort casino the company would sell. Logically, Planet Hollywood…

Land-based ・ 21 May 2023

Silive

A casino in Times Square? Manhattan coalition and Broadway group certainly hope not

NEW YORK, N.Y. - A new alliance of Manhattan groups and associations, including The Broadway League and the many theatre owners and producers it represents, are aiming to stop Caesars Palace Times Square from rising. The "No Times Square Casino" Community Coalition, which unveiled its messaging and purpose Friday, says major traffic congestion, a…

Land-based ・ 20 April 2023

Gothamist

Broadway group doubles down on Times Square casino opposition

A group of Broadway theater owners and producers is leading an effort to lower the curtain on plans for a Times Square casino. The Broadway League, a theater industry trade group, is joining forces with local restaurant owners to block a bid for a new gambling hub nearby. The group, called the "No Times Square Casino" Community Coalition, says that…

Travel ・ 16 April 2023

Review Journal

Bally’s officially becomes Horseshoe Las Vegas

The iconic Horseshoe brand made a triumphant return to Las Vegas on Friday, landing on the Strip with a ceremony that drew gambling royalty, executives from parent company Caesars Entertainment Inc. and Clark County officials. Although Caesars announced in December that the 2812-room Bally's property on the Strip was to be renamed, Friday's…

Industry ・ 25 March 2023

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Jay-Z’s Roc Nation Wants in on Times Square Casino Action

It looks like SL Green and Caesars Entertainment have received a boost in their pursuit of a commercial casino in Times Square, New York City. The two have now partnered up with Roc Nation, which is an entertainment agency founded by popular hip-hop artist and producer Jay-Z. The trio will now certainly form a strong case when bidding for a casino…

Industry ・ 06 January 2023

The Street

This Year's Best Las Vegas Strip Deal Was One That Never Happened

Las Vegas entered 2022 with a whimper. After a year that had been ruined due to covid, it seemed like the turning of the calendar would mark a new beginning for the Las Vegas Strip. The Consumer Electronics Show (CES), one of Las Vegas's largest conventions, which had been canceled the previous year, would make a full return in all its glory. That,…

Land-based ・ 26 December 2022

Review Journal

6 biggest casino deals on the Las Vegas Strip in 2022

A number of casino operators changed up their real estate portfolio this year with sales, acquisitions and leasebacks - showcasing a flurry of activity after the short but steep economic fallout caused by the COVID-19 pandemic. And a number of those deals, announced last year, have closed in 2022. Here are six of this year's major deals on the…

Industry ・ 26 December 2022

The Street

Mirage Closing, Caesars Flops: 2022’s Top Las Vegas Strip Stories

The Las Vegas Strip kicked off the year by hosting CES, the big tech conference long-known as the Consumer Electronics Show, which was expected to be somewhat close to normal after being virtual the year before. But it ended up as a shell of itself due to the Omicron variant of covid. Instead of Sin City's grand return, the event saw mostly empty…

Land-based ・ 14 December 2022

The Street

Huge Las Vegas Strip Casino Deal Falls Through

Real estate on the Las Vegas Strip has become incredibly valuable. Strips of land sell for tens of millions of dollars and any parcel big enough to host a casino goes for much more than that. Actual casinos sell for billions of dollars. MGM Resorts International MGM sold Mirage to Hard Rock International for $1 billion and paid $1.625 billion to…

Land-based ・ 12 December 2022

essence.com

JAY-Z, Roc Nation Join Bid for Times Square Casino

It looks like Jay-Z aiming to add "casino czar" to his business portfolio. The rap mogul's full-service entertainment agency, Roc Nation, will be the official entertainment partner of SL Green and Caesars Entertainment in their bid for a new, state-of-the-art gaming facility at 1515 Broadway in Times Square, per a press release shared with…

Land-based ・ 06 December 2022

The Street

Another Huge Las Vegas Strip Casino/Hotel Project Moves Closer

Owning a Las Vegas Strip casino has become a bit like buying a professional sports franchise. There are only so many of them to go around and few ever come up on the open market, Many of the properties on the famed 4.2 mile stretch of road are owned by Caesars Entertainment (CZR) - Get Free Report and MGM Resorts International (MGM) - Get Free…

Land-based ・ 30 November 2022

The Street

Caesars' Las Vegas Strip Failure Turns Into a Huge Win

Every inch of land on the Las Vegas Strip has become incredibly valuable. Recent sales have placed the value of a single acre at $10 million -- and that's land located on the less popular northern end of the Strip. The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors recently approved the sale and licensed use of a ten-acre…

Land-based ・ 26 November 2022

The Street

Caesars Las Vegas Strip Failure Turns Into a Huge Win

Every inch of land on the Las Vegas Strip has become incredibly valuable. Recent sales have placed the value of a single acre at $10 million -- and that's land located on the less popular northern end of the Strip. The Las Vegas Convention and Visitors Authority (LVCVA) Board of Directors recently approved the sale and licensed use of a ten-acre…

Land-based ・ 26 November 2022

The Nevada Independent

Increased energy costs cut into Nevada casino company profits in Q3

Caesars Entertainment CEO Tom Reeg knew that during a recent earnings conference call he might field a question or two about how pricier utility expenses in Nevada sliced into the company's cash flow. After all, he had privately discussed the issue weeks earlier. Several analysts said he brought up high energy prices on the Strip during background…

Land-based ・ 23 November 2022

The Street

Forget Covid, the Las Vegas Strip Faces a Growing Health Crisis

On March 17, 2020, a mandate to close all non-essential businesses in Nevada was handed down by Gov. Steve Sisolak. The coronavirus scare had become a reality and the magnitude of the moment was only beginning to settle in. It was the first time in more than 50 years that all the state's casinos were shut down. It hadn't happened since the 1963…

Covid ・ 19 November 2022

The Nevada Independent

Indy Gaming: Caesars pulls the plug on its three-year plan to sell a Strip casino

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Caesars Entertainment CEO Tom Reeg wanted…

Sports ・ 09 November 2022

Poker News Daily

Caesars Entertainment Reverses Plans to Sell a Las Vegas Strip Property

The United States casino industry has gone through changes in the last few years, as companies have bought and sold casinos, shut some down, and renamed others. On Tuesday, we found out that one thing will stay the same in the immediate future: Caesars Entertainment is not going to sell any of its properties on the Las Vegas Strip. In a third…

Land-based ・ 03 November 2022

The Street

Caesars' Las Vegas Strip Asset Sale Has a Resolution

Real estate on the Las Vegas Strip has become incredibly valuable. Strips of land sell for tens of millions of dollars and any parcel big enough to host a casino goes for much more than that. Actual casinos sell for billions of dollars. MGM Resorts International MGM sold Mirage to Hard Rock International for $1 billion and paid $1.625 billion to…

Land-based ・ 02 November 2022

Vegas Slots Online

Churchill, Boyd Complete Major Buyouts, Caesars U-Turns

Tuesday's biggest deal, however, emerged from the Louisville, Kentucky headquarters of Churchill Downs Incorporated (CDI), which has completed its previously announced acquisition of Peninsula Pacific Entertainment (P2E) for $2.75bn. CDI's completed purchase followed receipt of customary licensing approvals from Virginia, New York, and Iowa, and…

Land-based ・ 02 November 2022

Review Journal

Caesars Entertainment says Las Vegas market still strong

Caesars Entertainment Inc. improved its third-quarter revenue when compared to the same time a year earlier, according to its earnings report shared Tuesday. For the quarter that ended Sept. 30, Caesars Entertainment reported net income of $52 million, or $0.24 per share, on revenue of $2.89 billion. During the same period last year, it reported a…

Land-based ・ 01 November 2022

The Street

Caesars Closing in on Las Vegas Strip Casino Sale

Caesars Entertainment (CZR) and MGM Resorts International (MGM) fight for domination over the south and central Las Vegas Strip. Both companies have made recent moves to one-up the other, with the most notable being MGM essentially - though not literally - trading the Mirage for the sleeker, more modern Cosmopolitan. That was a bold move that the…

Land-based ・ 29 October 2022

The Nevada Independent

Indy Gaming: Caesars enters NYC casino skirmish after first rejecting the idea

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Caesars Entertainment's entrance into an…

Covid ・ 26 October 2022

AMNY

Real estate and gaming giants eye new casino in Times Square

Times Square, the Crossroads of the World, might soon become the Crossroads of Craps. Two giants in real estate and gaming, SL Green and Caesars Entertainment, have announced a joint bid for a coveted once-in-a-lifetime license to build a casino in the nexus of New York City. If selected, their proposed gaming hall atop SL Green's skyscraper at…

Land-based ・ 21 October 2022

Card Player

Caesars Entertainment Announces Plan For Times Square Casino

SL Green Realty Corp. and Caesars Entertainment on Thursday announced a partnership to redevelop 1515 Broadway as a casino in the heart of Times Square. The casino project would require winning approval from the state of New York. "Caesars Palace Times Square will not only provide billions in tax revenue to New York City and State, it will also…

Land-based ・ 21 October 2022

Vegas Slots Online

Caesars Reportedly Throws Hat Back Into NYC Casino Ring

Caesars Entertainment is reportedly partnering with SL Green to submit a bid to build a casino in Times Square. [Image: Shutterstock.com] Caesars Entertainment is reportedly partnering with SL Green to submit a bid to build a casino in Times Square. It looks like Caesars Entertainment is reversing a previous decision to back out of the New York…

Travel ・ 20 October 2022

News-Daily

Caesars Misses Deadline on Las Vegas Strip Casino Sale

It looks like the sale won't be happening (at least for now) and that could mean big changes at the iconic resort casino Selling an asset on the Las Vegas Strip, at a time when any property on that historic 4.2-mile road has become incredibly valuable, seems like a terrible idea. Yes, prices have hit historic highs, but the value of the asset still…

Land-based ・ 07 October 2022

The Street

Caesars Nears (or Passes) Deadline for Las Vegas Strip Casino Sale

Selling an asset on the Las Vegas Strip, at a time when any property on that historic 4.2-mile road has become incredibly valuable, seems like a terrible idea. Yes, prices have hit historic highs, but the value of the asset still seems higher than any price you might get for it. That makes it at least somewhat questionable as to why Caesars…

Land-based ・ 25 September 2022

The Street

Bally's Close to Making a Huge Las Vegas Strip Deal

In early August, Bally's Corp. (BALY) stock tumbled after the casino operator cut its 2022 revenue and EBITDA estimates due to weakness at its venue in Atlantic City. The company is now expecting 2022 EBITDA between $535 million and $550 million, down from its previous forecast between $560 million and $580 million. The company now expects sales…

Land-based ・ 16 August 2022

Vegas Inc

Las Vegas casino boards falling short on diversification

Rose McKinney-James, a board member of MGM Resorts International since 2005, poses in Las Vegas Friday July 29, 2022. Sunday, Aug. 14, 2022 | 2 a.m. The boards of Las Vegas' biggest casino companies count few minorities among their directors, despite initiatives to increase diversity. Of the 53 directors on the boards of the top six gaming…

Land-based ・ 14 August 2022

The Street

Las Vegas Strip Casinos Have Good News for Royal Caribbean, Carnival

Las Vegas and the cruise industry have an overlapping customer base. Many of the people who visit Sin City and a lot of the folks who take cruises like to gamble. That's likely why Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report often has promotions where guests who have hit some of the higher tiers of their loyalty program can…

Land-based ・ 05 August 2022

The Street

Caesars Inches Closer to Huge Las Vegas Strip Move

Caesars Entertainment (CZR) - Get Caesars Entertainment Inc. Report and MGM Resorts (MGM) - Get MGM Resorts International Report dominate the south and central Las Vegas Strip. Their properties serve all audience segments, from high-end experiences like MGM Grand and Caesars Palace to lower-end properties like Caesars Bally's and Flamingo and MGM's…

Land-based ・ 04 August 2022

The Nevada Independent

Recovery slows but Nevada casinos still have 14th straight billion-dollar month

Nevada casinos recorded their 14th straight month of at least $1 billion in gaming revenue during April, but the total marked the first time in more than a year the state didn't experience a double-digit increase. The Gaming Control Board said Thursday that casinos statewide collected almost $1.13 billion in gaming revenue in April, with more than…

Land-based ・ 26 May 2022

Casino City Times

This Week in Gambling: Caesars selling Flamingo Las Vegas?

Our gambling news this week finds Caesars hemorrhaging cash and looking to sell a casino on the Las Vegas Strip. And while most suspected Planet Hollywood Las Vegas would be the property sold, new information indicates that Flamingo Las Vegas is the one on the market. But can Caesars find a buyer for the 75 year old property? Having just celebrated…

Land-based ・ 12 May 2022

The Street

Las Vegas Strip Gets Good News From Caesars

During tougher economic times, people spend less money. That's not just true of people impacted by those economic conditions. It can also be people simply worried about potential bad times or economic struggles who preemptively spend money more carefully. Inflation or other economic woes might cause people to cut the cord with cable, cut back on…

Land-based ・ 10 May 2022

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Caesars Nears Las Vegas Strip Casino Sale (It's More Complicated Than That)

Caesars Entertainment (CZR) - Get Caesars Entertainment Inc Report Chief Executive Tom Reeg spent $17.3 billion when his former company, Eldorado Resorts, bought the casino giant in 2020, The new company kept the Caesars name and took on roughly $13 billion in debt at the time of the deal. The combined company owns casinos all around the U.S. and…

Land-based ・ 09 May 2022

Vegas Slots Online

Caesars Looking to Offload Flamingo Casino for Over $1bn

Caesars Entertainment Inc. is looking to sell its Flamingo Casino for a price tag of over $1bn, per sources close to Bloomberg. interest has dwindled because of the necessary renovations No potential buyers have emerged from private deliberations regarding the sale. The casino has been offered to private firms and other agencies, but interest has…

Land-based ・ 06 May 2022

The Street

Las Vegas Strip Casino Operators Eye Something New (and It's Huge)

Gambling used to be unique to Las Vegas and Atlantic City. That made those two cities very special destinations and gave enormous power to the companies that held gaming licenses in those locations. Now, between the rise of casinos on Native American tribal land, some of which are operated by Caesars Entertainment (CZR) - Get Caesars Entertainment…

Land-based ・ 15 April 2022

The Press-Enterprise

Casino Insider: See Ice-T at Morongo Casino, Resort & Spa

Casino Insider is a weekly newsletter with all the best bets for food, entertainment and fun at Southern California's casinos. It's delivered to your inbox on Thursdays. . In 2012, Ice-T released a documentary titled "Something from Nothing: The Art of Rap," which examined how the genre was created and expanded. The rapper, singer and actor is…

Travel ・ 25 March 2022

The Street

Las Vegas Hotels, Casinos Try to Move Past the Pandemic

Aside from the cruise industry, Las Vegas may have been hit harder by the Covid pandemic than any other business segment. Tourism stopped. Conventions were canceled and international travel shut down as the world tried to contain the virus. Las Vegas only shut down for a short period, but when it reopened, the city's famous casinos dealt with mask…

Covid ・ 21 February 2022

Yogonet

Caesars to rebrand Florida's Isle Casino Racing Pompano under Harrah's family

Caesars Entertainment announced during a groundbreaking ceremony on Tuesday that its Isle Casino Racing Pompano Park property in Florida will soon be rebranded as "Harrah's Pompano Beach". Caesars and its development partner, The Cordish Cos. will be in charge of the casino expansion, and will engage in a years-long remake of Isle Casino…

Land-based ・ 20 February 2022

Adotas

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Baccarat ・ 07 January 2022

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MGM Tops VSO US Gambling Industry Winners of 2021 List

Industry ・ 04 January 2022

Review Journal

MGM, Caesars, Station Casinos OK’d to return casinos to 100 percent capacity

Three of the largest casino operators in Las Vegas can now run their casinos at full capacity. MGM Resorts International, Caesars Entertainment Inc. and Station Casinos are the latest companies to have gaming floor capacity and social distancing restrictions waived by the Nevada Gaming Control Board. The Wednesday announcements mean an additional…

Covid ・ 02 January 2022

Review Journal

Las Vegas casino investors wagering on comeback

When driving the Strip, walking its sidewalks or navigating its casinos, there is no mistaking it: America's rowdy gambling mecca is crammed with tourists again. And even though visitor volume remains below pre-pandemic levels, and the coronavirus outbreak has by no means been stamped out, casino investors are betting big that Las Vegas is back on…

Land-based ・ 23 November 2021

The Nevada Independent

A buyer’s market: Vegas Strip casinos a hot commodity

High-profile Las Vegas Strip resorts aren't put up for sale every day. Last week, however, Caesars Entertainment and MGM Resorts International, the Strip's two largest operators with a combined 17 properties, each said they wanted to part ways with a hotel-casino. In a year that has seen more than $30 billion in announced mergers and acquisition…

Covid ・ 08 November 2021

Travel Awaits

Two Major Las Vegas Strip Resorts Putting Hotels Up For Sale

Most visitors on the Las Vegas Strip know there are dozens of hotels and casinos, each with its own theme or individual aesthetic. But behind the scenes, many of the highest-profile properties are owned by two companies: MGM Resorts and Caesars Entertainment. And in the past few months, the two companies have been wheeling and dealing with their…

Travel ・ 05 November 2021

The Nevada Independent

Indy Gaming: G2E roundup finds optimistic CEOs, where the next Hard Rock LV isn’t going and a push for non-smoking casinos

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how they tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz The word that was ubiquitous throughout the…

Sports ・ 13 October 2021

WOWT

New Harrah’s casino and racetrack in Columbus plans to open late 2022

COLUMBUS, Neb. (WOWT) - Announced in a press release, a Harrah's casino and racetrack in Columbus, Nebraska is in development and predicted to be open in late 2022. The new casino and racetrack are planned to be located off Highway 81 in Columbus and according to the release, will have a new one-mile horse racing surface, a…

Sports ・ 15 September 2021

Reuters

Online gambling group 888 to buy William Hill's non-U.S. business for $3 bln

Sept 9 (Reuters) - 888 (888.L) will buy William Hill's non-U.S. assets for 2.2 billion pounds ($3.03 billion) from U.S. casino group Caesars (CZR.O) in a deal that will give the online betting group access to 1400 betting shops across Britain. The purchase, 888's largest since it listed in London in 2005, will also give the company access to…

Sports ・ 09 September 2021

Yogonet

Caesars finalizes $250M sale of Southern Indiana casino to Cherokees

aesars Entertainment has completed the previously announced sale of Caesars Southern Indiana operations to the Eastern Band of Cherokee Indians, confirmed the casino-entertainment company last Friday. The deal was secured by both parties for approximately $250 million. According to Caesars, in connection with this transaction, its annual base rent…

Gaming Authorities ・ 06 September 2021

Vegas Slots Online

Las Vegas Strip July Casino Revenue Reaches Record High

Las Vegas Strip casinos generated revenue of $793.7m in July, surpassig the previous record for monthly revenue set in February 2013. [Image:Shutterstock.com] The Las Vegas Strip is steadily bouncing back from the effects of the COVID-19 pandemic, and July saw another record-breaking month for the gambling hub. Casino operators generated more…

Land-based ・ 27 August 2021

Yogonet

Caesars to reopen Isle of Capri casino in 2022 as Horseshoe Casino Lake Charles

he Isle of Capri Lake Charles casino damaged by a hurricane last year is set to get a new name and reopen in fall 2022, announced parent company Caesars Entertainment Thursday, August 19. The floating casino was hit by Hurricane Laura in late August, 2020. It is now expected to come back on land as Horseshoe Casino Lake Charles, featuring more than…

Sports ・ 26 August 2021

World Casino News

Caesars Entertainment plan for Lake Charles casino

In Louisiana, casino and hotel company Caesars Entertainment Inc. (NASDAQ: CZR) has announced details of a plan to bring its shuttered Isle of Capri Lake Charles property in Calcasieu Parish ashore in fall 2022 as Horseshoe Casino Lake Charles. The riverboat casino never re-opened after in late August last year it was heavily damaged…

Poker ・ 20 August 2021

The Nevada Independent

Indy Gaming: Major Strip casino operators snubbing downtown Chicago gaming project

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. - Howard Stutz Chicago gave potential casino developers…

Sports ・ 11 August 2021

Vegas Slots Online

Chicago Mayor Extends Casino Bids Deadline to October

While the perception of Chicago's first downtown integrated-resort casino (IRC) might be hugely attractive to Illinois gamblers, the reality of owning and operating one may be a turnoff for potential investors. Evidence of the Illinois city's struggle to drum up interest in the casino project came on August 6, when Mayor Lori Lightfoot extended a…

Politics ・ 09 August 2021

Chicago Sun Times

Lightfoot pushes back casino application deadline as Caesars, MGM pull out

Mayor Lori Lightfoot on Friday announced she's pushing back the deadline for bids to build a long-sought casino in Chicago as the city looks to lure more developers to the table. Proposals for the mega-casino had been due Aug. 23, but interested parties now have until Oct. 29, giving groups "more time to fully assess" the opportunity and "assemble…

Mobile ・ 07 August 2021

The Nevada Independent

Indy Gaming: Las Vegas left behind as Sands charts future in Macau, Singapore and online

Good morning, and welcome to the Indy Gaming newsletter, a weekly look at gaming matters nationally and internationally and how the events tie back to Nevada. If a colleague or associate emailed this newsletter to you, please to sign up and receive your own copy of Indy Gaming in your inbox. Las Vegas Sands is on its way to becoming just Sands. The…

NFL ・ 28 July 2021

SBC Americas

Caesars to build and operate Harrah's casino and racetrack in Columbus

Caesars Entertainment Inc has been selected to build and operate a Harrah's casino and racetrack in Columbus, Nebraska by Columbus Exposition and Racing (CER). The casino development, worth circa $75m, will feature a new one-mile horse racing surface, a 40000-square-foot-casino and sportsbook with more than 400 slot machines and 20 table games, as…

Land-based ・ 07 July 2021

Gambling

Caesars Plans To Build Harrah’s Casino, Racetrack In Nebraska

Caesars Entertainment will build and operate a Harrah's casino and racetrack in Columbus, Nebraska, the gaming company and city has announced. The facility is projected to cost about $75 million and built off Highway 81 in Columbus, a city about 80 miles north of Lincoln. "We are excited to welcome to Nebraska," said Tom Jackson, managing partner…

Sports ・ 06 July 2021

Vegas Slots Online

Caesars to Enable PlayStar in PA, Build Nebraska Casino

Caesars Entertainment has kicked off the month named after its most famous brand ambassador Julius Caesar in eye-catching style. On July 5, the operator inked a multi-year deal that will enable PlayStar Casino to debut in Pennsylvania. This came hot on the heels of Gaming Innovation Group (GiG) taking to Twitter on July 1 to announce that its…

Industry ・ 06 July 2021

World Casino News

Harrah’s to open casino and racetrack in Nebraska

American casino and hotel company, Caesars Entertainment Inc. (NASDAQ: CZR), has partnered with Columbus Exposition and Racing in a deal that will see the Reno, Nevada-based firm build and operate a Harrah's branded casino and racetrack in the city of Columbus, Nebraska. The approximately $75 million investment will be located off Highway 81 in the…

Finance ・ 03 July 2021

MDJOnline

Columbus Exposition and Racing Contracts With Caesars Entertainment to Develop Casino and Racetrack in Nebraska

COLUMBUS, Neb., July 2, 2021 /PRNewswire/ -- Columbus Exposition and Racing (CER) and Caesars Entertainment, Inc. (NASDAQ: CZR) today announced CER's selection of Caesars Entertainment to build and operate a Harrah's casino and racetrack in Columbus, Nebraska. "We are excited to welcome Harrah's to Nebraska," said Tom Jackson, Managing Partner of…

Finance ・ 02 July 2021

Vegas Slots Online

IGC Rules on Terre Haute, Horseshoe Hammond Casinos

The Indiana Gaming Commission (IGC) has provided rulings regarding two casinos in the state, denying the renewal of one facility's license and canceling the forced sale of another. In a blow to its owner Lucky Luck Gaming, a new Terre Haute casino in Vigo County will not have its gaming license renewed by the regulator, according to a ruling…

Gaming Authorities ・ 28 June 2021

Casino News Daily

Caesars Sells Southern Indiana Casino to Cherokee Tribe in $250M Deal

Casino giant Caesars Entertainment Inc. has agreed to sell its Caesars Southern Indiana casino to the Eastern Band of Cherokee Indians (EBCI) for $250 million, news emerged Thursday. The Southern Indiana property is being sold to the tribal operation a year after Caesars completed its $90 million renovation and expansion. Caesars Southern Indiana…

Gaming Authorities ・ 25 June 2021

Review Journal

Two casino properties receive licensing approval from Nevada Gaming Commission

The Nevada Gaming Commission on Thursday unanimously approved licenses for a newly renamed Henderson casino and fast-growing Bally's Corp., and approved Caesars Entertainment Inc.'s multibillion-dollar deal to acquire Nevada's largest sportsbook operator. The Pass at Water Street, formerly known as the Eldorado Casino in Henderson, won licensing…

Gaming Authorities ・ 23 May 2021

Vegas Inc

Caesars might sell a Las Vegas Strip resort next year, CEO says

An exterior view of Caesars Palace on the Las Vegas Strip Dec. 26, 2017. Wednesday, May 5, 2021 | 9:07 a.m. Caesars Entertainment still plans to sell one of its eight Las Vegas Strip resorts but will wait for the market to further rebound from the coronavirus pandemic before it does, the company's chief executive officer said. Caesars officials…

Land-based ・ 19 May 2021

ABC News

Jackpot! Expansion of gambling in the US wins big at polls

ATLANTIC CITY, N.J. -- The U.S. gambling industry won big at the polls Tuesday, with three states authorizing legal sports betting and three others either approving or expanding casino gambling. Maryland, South Dakota and Louisiana approved sports betting. That sets up a situation in which by the end of next year more than half the country could…

Winnings ・ 08 May 2021

Review Journal

Pay gap widens between casino CEOs, average casino workers

The pay gap between Nevada casino companies' average workers and their CEOs is growing wider. The pay ratio between chief executives and median employees increased at four of the six largest public Nevada-based casino operators during the pandemic. CEOs' total compensation came in anywhere from 66 to 591 times that of a median employee in the…

Travel ・ 07 May 2021

Review Journal

Rio Hotel & Casino sets Dec. 22 reopening

Caesars Entertainment Inc. plans to reopen its final U.S. property next month. The Rio is set to open its doors once again on Dec. 22 at 10 a.m. The hotel will be open Thursdays through Mondays, and the casino will remain open seven days a week, according to a Thursday statement from the company. "The past nine months have been filled with…

Land-based ・ 07 May 2021

Review Journal

12 Las Vegas casinos, resorts including Mirage, Palms remain closed

Las Vegas is known for being a city that never sleeps, but several of its properties have had their lights turned off for nearly five months. A total of 12 properties owned by MGM Resorts International, Caesars Entertainment Inc., Red Rock Resorts Inc. and Boyd Gaming Corp. have yet to reopen in Las Vegas, as occupancy rates hover as low as 30…

Travel ・ 07 May 2021

Fox Business

Las Vegas casino recovery threatened by new California coronavirus lockdowns

The reintroduction of COVID-19 lockdowns in California and other states adjacent to Nevada poses an emerging risk to Las Vegas casinos battling to recover from both the pandemic and efforts to contain it. The new restrictions threaten to choke off the automobile traffic from Nevada's neighbors that has helped the city's storied casinos stay afloat…

Covid ・ 07 May 2021

PR Newswire

A Growing Acceptance of Online Gambling is Visible Across the Board

FinancialBuzz.com News Commentary NEW YORK, April 8, 2021 /PRNewswire/ -- The shift to a more favorable attitude towards online gambling services is visible across the board. For example, earlier in October, WynnBET, the digital gaming division of Wynn Resorts Ltd. that is responsible for Wynn's mobile sportsbook and casino app, announced a…

Sports ・ 13 April 2021

US Gambling Sites

Caesars Entertainment Reveals Big Plans for Harrah's Casino in New Orleans

Caesars Entertainment is not wasting any time in continuing to upgrade its brand. Despite the challenges that casino operators are facing due to the COVID-19 pandemic, Caesars is going to spend a ton of money to revamp a casino in Louisiana. On Tuesday, the brand announced a $325 million project to renovate and expand the Harrah's New…

Land-based ・ 19 January 2021