Caesars Entertainment
The Cordish Companies and Caesars Entertainment Present $150K in Local Impact and Community Grants to Organizations in Pompano Beach Communities Surrounding ‘The Pomp’
The Cordish Companies and Caesars Entertainment have awarded $150,000 to organizations in the Pompano Beach community through its Community Charitable Funding Grant program. Established to provide valuable resources to communities surrounding The Pomp, a 223-acre world-class destination currently under construction in Pompano Beach, the grants aim to help local organizations in Collier City, Cypress Bend, Palm Aire and Pompano Beach make a significant difference through community revitalization and beautification, traffic and public safety improvements, and community service programs. Cordish Chief Operating Officer Zed Smith, Senior Vice President of Caesars Entertainment Troy Buswell, and members of The Pomp Community Advisory Board presented the grants to recipients at a grantee ceremony, held last week in Pompano Beach.
“The Cordish Companies has been committed to making a difference and creating a better future for those living and working in the communities in which we do business for over century. The recipients of these grants are driving their respective communities forward, making them a great place to live, work, play and visit. We are certain that this additional financial support will go a long way in helping them continue their efforts to revitalize and transform the greater Pompano Beach area,” Zed Smith, Chief Operating Officer of The Cordish Companies, said.
“Caesars Entertainment and Harrah’s Pompano Beach are extremely proud to continue to support local organizations in our community. The passion and dedication of each of our grant recipients creates a positive impact within our community every day,” Troy Buswell, SVP and General Manager of Caesars Entertainment, said.
“The significance of this grant extends beyond mere financial assistance. By involving community members in the grant-delivery process, McArthur’s Own and Salem SDA Church aim to foster a sense of ownership and responsibility among residents. This not only enriches the initiatives that receive funding, but also equips the community with skills and knowledge they can apply in future endeavors. It is McArthur’s Own’s firm belief that the impact of this collaborative effort will be multidimensional—addressing social, economic, and even environmental aspects of community well-being. With its proven expertise in designing and executing impactful programs, McArthur’s Own is confident that this partnership will substantially contribute to a brighter, more inclusive future for Pompano Beach,” Jeanette Gordon, President and CEO of McArthur’s Own, said.
One of the largest developments in South Florida, The Pomp is a 223-acre project currently under construction 35 miles north of Miami and less than 10 miles north of Fort Lauderdale. Once complete, the project — anchored by Live! at The Pomp — will bring together entertainment, dining, hotel, retail, residential, office and lifestyle amenities, alongside the successful Harrah’s Pompano Beach casino, in one world-class destination. The development’s name, The Pomp, honors the local history and pays homage to the beloved former Pompano Park racetrack located on the project site. With the newly remodeled and rebranded Harrah’s Pompano Beach and Live! entertainment anchor at its core, The Pomp will feature 1.3 million square feet of retail and entertainment space, 4000 luxury residential units, two hotels and 1.35 million square feet of Class A office space upon completion.
Along with Live! at The Pomp and Harrah’s Pompano Beach, Topgolf will also anchor the Pompano Beach development with their eighth Florida location. The future Topgolf venue will invite players to enjoy the brand’s technology-driven modern golf experience to play point-scoring golf games in an energetic and fun environment. The venue will feature 102 outdoor climate-controlled hitting bays equipped with Topgolf’s signature ball-tracking technology, along with a full-service restaurant, top-shelf drinks, rooftop terrace, a patio, music, private event space, and year-round family-friendly programming. Currently under construction, Topgolf is expected to open late 2023.
In Florida, Cordish was the original development partner of the Seminole Tribe of Florida for Hard Rock Hotel & Casino Hollywood and Hard Rock Hotel & Casino Tampa, two of the most successful casino entertainment resorts in the world. Further demonstrating their strong commitment to the State of Florida, Cordish recently opened Vivo!, a 62,000-square-foot dining and entertainment experience in Miami, and will open a 36,000-square-foot immersive dining and entertainment district at The Pointe Orlando, near major theme parks and across the street from the Orange County Convention Center, next year.
Bragg Gaming Group
Bragg Gaming Announces Content and Technology Partnership with Caesars Entertainment
Bragg Gaming Group has announced a technology platform and exclusive games development partnership with Caesars Entertainment for the US and Canada markets.
The new partnership elevates Bragg’s relationship with Caesars from a content supplier to a technology partner, showcasing the value of Bragg’s advanced iGaming technology and content development expertise.
This partnership is projected to help drive double-digit growth in both Bragg’s revenue and profitability in 2025, particularly in North America—a key strategic focus for Bragg’s expansion efforts in 2025. Additionally, the agreement will accelerate growth in Bragg’s exclusive content revenue, enhancing a balanced and margin-accretive product mix.
The enhanced partnership includes a strategic technology licensing framework for Caesars to lease Bragg’s Remote Gaming Server (RGS), as well as further options to license the Bragg HUB product delivery and casino game aggregation platform, and Bragg’s Fuze player engagement platform, offering experience-enhancing features such as bonuses, free rounds, jackpots and AI-powered game recommendation engines.
Bragg, in collaboration with Caesars’ newly formed in-house games studio team, will initially develop a number of online casino games for Caesars’ digital platforms. The partnership will also create a delivery platform for Caesars’ in-house games studio to build and deploy its own proprietary, custom game titles that incorporate its unique intellectual property, catering to player preferences across Caesars Palace Online Casino, Horseshoe Online Casino, and Caesars Sportsbook & Casino.
As a longstanding partner of Caesars, Bragg has previously developed two highly successful exclusive titles – Lady Luck Casino Egyptian Magic and Boardwalk Slots Bankers & Cash – for Caesars Palace Online Casino and regularly supplies new online slots and casino games to Caesars’ digital platforms in New Jersey, Michigan, and Pennsylvania in the US, as well as in Ontario in Canada.
Neill Whyte, Chief Commercial Officer at Bragg Gaming Group, said: “We’re thrilled to be kicking off this exciting new content and technology project with Caesars for its online casino platforms. We have decades of expertise and know-how, as well as the full technology suite to build, launch and operate the highest quality online casino games, and we look forward to expanding our strategic partnership with the Caesars team to enhance the player experience through innovative and exclusive gaming content creation. Bragg and Caesars already have a strong history together, and this expanded partnership is a testament to our commitment to continue building and further strengthening this successful relationship.”
Matt Sunderland, Senior Vice President & Chief iGaming Officer at Caesars Digital, said: “Bragg’s technological expertise has consistently exceeded our expectations throughout our partnership. This expansion marks an important step in our strategic growth plan to develop our own proprietary digital slots and table games content and to offer something truly exclusive for our players. We’re excited about the potential that this moment provides us, and we have our sights set on building exclusive online casino games through our newly formed in-house game studios team that will set us apart in the industry.”
The post Bragg Gaming Announces Content and Technology Partnership with Caesars Entertainment appeared first on Gaming and Gambling Industry in the Americas.
Caesars Entertainment announced the closing of the previously announced sale of the LINQ Promenade to a joint venture formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. Concurrent with the closing of the transaction, Caesars made a $275 million voluntary prepayment of the Term Loan B due 2030 with the proceeds from the transaction.
Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.
Caesars Entertainment
Caesars Entertainment Enters into Definitive Agreement to Sell the LINQ Promenade
Caesars Entertainment has announced that it has entered into an agreement to sell the LINQ Promenade to a joint venture to be formed between TPG Real Estate (TPG) and the Investment Management Platform of Acadia Realty Trust (Acadia) for $275 million. The sale is subject to customary approvals and other closing conditions and is expected to close during the fourth quarter 2024.
“The sale of the LINQ Promenade represents an accretive, non-core asset sale that will accelerate our debt reduction goals. I want to thank all the team members and the tenants of the LINQ Promenade for their partnership over the last 10 years and wish them continued success,” said Tom Reeg, CEO of Caesars Entertainment.
Latham & Watkins LLP and Brownstein Hyatt Farber and Schreck, LLP represented Caesars on the transaction. Kirkland & Ellis LLP provided transaction counsel to TPG & Acadia.
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