Caesars Entertainment

THE CAESARS SPORTSBOOK APP IS NOW LIVE IN OHIO

Published

2 years ago

November 1, 2022

Legalized sports betting is on the horizon for Ohio sports fans and, Caesars Entertainment, Inc. announced that Caesars Sportsbook is live on desktop and the Caesars Sportsbook app is available for download in the state on iOS and Android. Sports fans in the Buckeye State can now register and deposit funds with a special early registration offer so they can place their first wagers as soon as legalized sports betting starts on January 1, 2023.

“Ohio’s rich tradition of sports excellence speaks for itself,” said Eric Hession, President of Caesars Digital. “Caesars Sportsbook is ready to match the pedigree and passion of Ohio sports fans with a sports wagering experience that treats them like royalty.”

Caesars Sportsbook ties the excitement of mobile sports betting to unmatched rewards via the industry-leading loyalty program, Caesars Rewards. Every wager placed rewards the bettor with Tier Credits for status and Reward Credits that can be used to unlock unbeatable Caesars Rewards experiences, discounted getaways at Caesars destinations across the U.S., bonus cash in their wagering account, and world-class culinary experiences. Caesars Sportsbook’s designation as an “Official Sports Betting Partner” of the Cleveland Cavaliers provides Caesars Sportsbook bettors with special access to tickets, merchandise, and experiences that money can’t buy like meet and greets with Cavs legends and much more. Caesars Entertainment is also an “Official Casino Partner” of the Cavs.

The Caesars Sportsbook app provides customers with multiple ways to deposit funds, faster payouts, and intuitive features that make getting a bet down easier than ever. In addition, sports bettors can enjoy live scoreboards, expanded in-play betting options, as well as same-game parlays, new cashout functionality, and more ways to wager with thousands of additional markets.

European Gaming Congress 2024 (Warsaw, Poland)

Starting today, eligible sports fans anywhere in Ohio can download the Caesars Sportsbook app, register, and deposit funds to take advantage of a special sign-up offer for first-time users.

Fund your account early and start with a $100 bet credit:
- Register using promo code CZR1H and deposit at least $20 before Jan. 1, 2023
- Receive a $100 bet credit for the day that mobile wagering goes live

Caesars Entertainment has a long legacy in Ohio through its offering of premium entertainment experiences at top horse racing and gaming destination Eldorado Gaming Scioto Downs in Columbus. The popular racino will open a state-of-the-art Caesars Sportsbook location to accept convenient cash-deposit sports wagers in person on the first day that legalized sports wagering goes live in Ohio. Leading up to sports betting’s launch, the Caesars Sportsbook & Casino Truck will make stops at Scioto Downs and marquee sporting events across the state to engage and educate eligible sports fans on how to download the app and sports wager responsibly.

The partnership with the Cavaliers also includes plans to open a best-in-class retail sportsbook on the street level inside the Northwest Atrium area of the team’s home venue, Rocket Mortgage FieldHouse. The new sportsbook, opening on Jan. 1, will mark the third at a U.S. professional sports facility for Caesars, adding to the historic first in-arena sportsbook of Caesars Sportsbook at Capital One Arena in Washington, D.C., and Caesars Sportsbook at Chase Field in Arizona.

Caesars is an industry leader in responsible gaming and responsible gaming education remains a key emphasis as Caesars Sportsbook continues to expand into new markets. The Caesars Sportsbook app has tools to encourage responsible play, including Deposit Limits, Spending Limits, Daily Time Limits, and Cool Off Time Limits.

Brownstein Hyatt Farber and Schreck LLP

Caesars Entertainment Closes Sale of the LINQ Promenade

Published

2 weeks ago

December 18, 2024

GamingAmericas.com

caesars-entertainment-closes-sale-of-the-linq-promenade

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

Published

2 months ago

October 31, 2024

GamingAmericas.com

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.

Caesars Entertainment

Caesars Entertainment Closes Sale of World Series of Poker® Brand to NSUS Group for US$500 million

Published

2 months ago

October 30, 2024

GamingAmericas.com

Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced the closing of the previously announced sale of its intellectual property rights for the World Series of Poker® (“WSOP”) brand to NSUS Group Inc. (“NSUS”). As previously disclosed, the transaction includes US$250 million in cash and a $250 million promissory note due five years after the transaction’s closing secured by the WSOP intellectual property assets being sold.

Caesars retains the right from NSUS to host the flagship WSOP live tournament series at its Las Vegas casinos for the next 20 years and will receive a license from NSUS to continue operating its recently upgraded WSOP Online real-money poker business in Nevada, New Jersey, Michigan, and Pennsylvania for the foreseeable future but will otherwise be restricted from operating online peer-to-peer real-money poker operations for a specified period of time and subject to certain exceptions. In addition, brick-and-mortar poker rooms currently operated by Caesars will continue to feature WSOP branding, and Caesars destinations will continue to enjoy preferential rights to host live WSOP Circuit events going forward.

Concurrent to the transaction, several long-time WSOP executives will transition to key leadership roles within the NSUS team. Ty Stewart will serve as Chief Executive Officer of the newly formed WSOP subsidiary, while Gregory Chochon has accepted the position of Chief Operating Officer. Erik Eidissen also joins as Communications Manager. With more than 30 years of combined experience managing the WSOP brand, these employees will lead the next phase of growth and integration under new ownership.