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TEKK - Tekkorp Digital Acquisition Corp: Who's Who of Gaming Mgmt Teams!

Team has been involved in a substantial number of the digital media, sports, entertainment, leisure and gaming industries’ most significant merger and acquisition transactions, holding key positions at, and transacting with Scientific Games Corp, Inspired Gaming Group, FOX Bets, Ocean Casino Resort, Resorts International Holdings, PokerStars, DraftKings, Mohegan Sun, Caesars Entertainment Corporation, Harrah’s Entertainment, Tropicana Entertainment, Inc., TSG/Sky Betting & Gaming, Facebook, Inc, Wynn Resorts, Dubai World/MGM Resorts
Here's all the Bios. These guys are stellar! TEKK closed at $10.30 today. Still cheap!
If you don't like to read... you don't like to make money!!!!
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Matthew Davey — Chief Executive Officer and Director
Mr. Davey has over 25 years of experience within the digital media, sports, entertainment, leisure and gaming ecosystems, as well as experience in the public sector. He is an experienced public company executive officer and board member. He has served in executive management positions across the gaming technology arena. Over the course of Mr. Davey’s career, he oversaw more than ten mergers and acquisitions and over $1.2 billion in debt and equity capital raised to support the companies he has led.
Most recently, Mr. Davey was Chief Executive Officer of SG Digital, the Digital Division of Scientific Games Corp. (“Scientific Games”) (Nasdaq: SGMS). SG Digital was established following the purchase by Scientific Games of NYX Gaming Group Limited (“NYX”) (formerly TSXV: NYX), where Mr. Davey served as Chief Executive Officer and Director. The NYX acquisition provided Scientific Games with a vehicle to significantly accelerate the scale and breadth of its existing digital gaming business, including the strategic expansion into sports betting. In his capacity as Chief Executive Officer of NYX, Mr. Davey developed and implemented a corporate strategy that generated strong revenue growth. Mr. Davey shaped company strategy to focus on digital gaming supplier platforms and content that provided various gaming operators with the underlying gaming and sports betting systems for their online gaming business. In 2014, Mr. Davey oversaw the initial public offering of NYX, and his experience in the digital media, sports, entertainment, leisure and gaming industries helped NYX recognize momentum as a public company. After the public offering, from 2014 to 2018, Mr. Davey oversaw seven acquisitions which helped establish NYX as one of the fastest growing global B2B real-money digital gaming and sports betting platforms. These acquisitions included:
• OpenBet: In 2016, NYX completed the $385 million acquisition of OpenBet. This was one of the more complex and transformative acquisitions that Mr. Davey oversaw at NYX. Through securing co-investments from William Hill (LSE: WMH), Sky Betting & Gaming and The Stars Group (formerly Nasdaq: TSG, TSX: TSGI), Mr. Davey was able to get the acquisition from Vitruvian Partners completed successfully, winning the deal against much larger and well capitalized competitors. By combining two established and proven B2B betting and gaming suppliers, NYX was well positioned to provide customers with exciting player-driven solutions across all major product verticals and distribution channels. This allowed NYX to become the leading B2B omni-channel sportsbook platform in the market and the supplier to over 300 gaming operators globally with an extensive library of desktop and mobile game titles, including more than 700 on NYX platforms and more than 2,000 on the OpenBet platform.
• Cryptologic/Chartwell: In 2015, NYX completed the $119 million acquisition of Cryptologic and Chartwell. The acquisition provided NYX with more than 400 titles of additional leading gaming content, a broader customer base, and direct exposure to PokerStars and Intercasino, part of the Gamesys Group (LSE: GYS) — two of the world’s largest online casino offerings.
• OnGame: In 2014, NYX completed the distressed acquisition of OnGame, a premier poker content, platform and service provider. This acquisition provided NYX with one of the best poker products in the industry, access to several regulated jurisdictions, and a valuable talent pool that was instrumental in the growth of NYX. The addition of OnGame further established a path for NYX to continue its growth in both European and U.S. markets.
These acquisitions, together with meaningful organic growth, increased NYX’s revenue from $24 million in 2014 to $184 million annualized in 2017. During that time, Mr. Davey helped build NYX to have over 200 customers in the global gaming industry and a team of 1,000 employees. Mr. Davey’s success at NYX ultimately led to its sale to Scientific Games for $631 million in 2018.
Mr. Davey joined Next Gen Gaming, the predecessor to NYX, in 2000 as the Vice President of Technology, was appointed as Executive Director in 2003 and named Chief Executive Officer in 2005. Prior to that, he was the Senior Consultant for Access Systems, a company that specializes in the provision of back-end software for licensed online casinos. Prior to joining Access, Mr. Davey worked for the Northern Territory Government specializing in matters pertaining to the internet and e-commerce along with roles in the Department of Racing and Gaming. Mr. Davey received a Bachelor of Electrical & Electronic Engineering from Northern Territory University, Australia (also known as Charles Darwin University).
Robin Chhabra — President
Mr. Chhabra has been at the forefront of corporate acquisition activity within the digital gaming landscape for over a decade. His prior experience includes leading corporate strategy, M&A, and business development at two of the global leaders in the digital gaming industry, The Stars Group (“TSG”) and William Hill, and a leading supplier, Inspired Gaming Group (Nasdaq: INSE). Mr. Chhabra served on the Group Executive Committees of each of these companies. From 2017 to May 2020, Mr. Chhabra served as Chief Corporate Development Officer at TSG and, from 2019 to August 2020, he also served as the Chief Executive Officer of Fox Bet, a leading U.S. online gaming business which is the product of a landmark partnership between TSG and FOX Sports, a transaction which he led. During that period, Mr. Chhabra led several transactions which transformed TSG into the largest publicly listed online gambling operator in the world by both revenue and market capitalization and one of the most diversified from a product and geographic perspective with revenues of over $2.5 billion. Mr. Chhabra’s M&A experience is extensive and covers multiple global geographies across the digital gaming value chain and includes the following:
• TSG/Flutter Entertainment Merger: In 2019, Mr. Chhabra led the TSG M&A team that was responsible for TSG’s $12.2 billion merger with Flutter Entertainment (LSE: FLTR). The merger between TSG and Flutter Entertainment is the largest transaction in the digital gaming industry to date. The combination created the largest publicly listed online gaming company with approximately 13 million active customers and leading product offerings, which include sports betting, online casino, fantasy sports and poker. The combined entity includes some of the world’s most iconic digital gaming brands such as Fanduel, Fox Bet, Sky Bet, PaddyPower, Betfair, PokerStars and SportsBet. TSG/Flutter Entertainment is one of the most geographically diverse digital gaming and media companies with leading positions in the United States, United Kingdom, Australia, Ireland, Italy, Spain, Germany and Georgia.
• TSG/Sky Betting and Gaming (“SBG”): In 2018, Mr. Chhabra led the acquisition of SBG from CVC Capital Partners and Sky plc, Europe’s largest media company, in a transaction valued at $4.7 billion. At the time of the acquisition SBG was the largest mobile gambling operator in the United Kingdom and one of the fastest growing of the major operators having doubled its online market share in three years. The acquisition of SBG provided TSG with (a) greater revenue diversification, significantly enhanced expertise and exposure to sports betting just ahead of the judicial overturn of The Professional and Amateur Sports Protection Act of 1992 (PASPA) by the U.S. Supreme Court, (b) a leading position within the United Kingdom, the world’s largest regulated online gaming market, (c) improved products and technology as a result of the addition of SBG’s innovative casino and sports book offerings and a portfolio of popular mobile apps, and (d) expertise in deeply integrating sports betting with leading sports media companies, positioning TSG to create more engaging content, deliver faster growth and decrease customer acquisition costs.
• William Hill (LSE: WMH): At William Hill, from 2010 to 2017, Mr. Chhabra served as Group Director of Strategy and Corporate Development where he led several transactions which contributed to William Hill’s transformation from a land-based gambling operator in the United Kingdom to a leading online-led international business. Mr. Chhabra led William Hill’s entry into the U.S. sports betting and online lottery markets with the acquisition of four businesses, including the simultaneous acquisitions of three U.S. sportsbooks, Cal Neva, American Wagering and Brandywine Bookmaking, in 2011 for an aggregate purchase price of $55 million. These businesses ultimately led William Hill to achieve a leading position in the U.S. sports betting market with a market share of 24% in 2019. Additionally, Mr. Chhabra played a key role in structuring William Hill’s successful joint venture with PlayTech Plc (LSE: PTEC) in 2008. The combined entity created one of the largest online gambling businesses in Europe at the time of its formation and led to William Hill’s buyout of Playtech’s interest for $637 million in 2013. Prior to the transaction, William Hill had struggled in its attempt to establish a strong online gaming platform and a meaningful presence outside the United Kingdom.
Mr. Chhabra has also successfully completed four transactions worth over $1.2 billion in Australia, the world’s second largest regulated online gambling market, and various partnerships in Asia. Additionally, he completed several technology and media related transactions, including William Hill’s investment in NYX, where he worked with Mr. Davey on NYX’s transformational acquisition of OpenBet.
Prior to working in the gaming sector, Mr. Chhabra was an equities analyst and a management consultant. Mr. Chhabra received a Bachelor of Science in Economics from the London School of Economics and Political Science.
Eric Matejevich — Chief Financial Officer
Mr. Matejevich is a seasoned gaming executive with extensive experience in both the online gaming and traditional casino industries. From February to August 2019, he served as Trustee and Interim-Chief Executive Officer of Ocean Casino Resort (“Ocean”) (formerly Revel Casino, which had a construction cost of $2.4 billion) in Atlantic City, where he successfully led the management team through an ownership change and operational turnaround effort. Over the course of seven months, Mr. Matejevich managed to reduce the property’s weekly cash burn of $1.5 million to an annualized cash flow run rate in excess of $20 million.
Prior to Ocean, from 2016 to 2018, Mr. Matejevich served as the Chief Financial Officer of NYX. At NYX, he focused his efforts on integrating the company’s many acquisitions and multiple debt refinancings to simplify its capital structure and provided liquidity for growth initiatives. Additionally, Mr. Matejevich was instrumental to the executive team that sold NYX to Scientific Games for $631 million.
Prior to NYX, from 2004 to 2014, Mr. Matejevich was the Chief Financial Officer of Resorts International Holdings and later, from 2011, also the Chief Operating Officer of the Atlantic Club Casino, a property under the Resorts International Holdings umbrella — a Colony Capital (NYSE: CLNY) entity. As Chief Financial Officer, he provided managerial oversight for all finance functions for a six-property casino company with annual gaming revenue exceeding $1.3 billion, 10,000 gaming positions, 7,000 hotel rooms and over 11,000 staff members during his tenure. Mr. Matejevich led the transition effort to integrate a four-casino, $1.3 billion acquisition from Harrah’s Entertainment and Caesars Entertainment (Nasdaq: CZR). As Chief Operating Officer of Atlantic Club, he lobbied for and was successful in obtaining the first internet gaming legislation passed in the United States. The Atlantic Club was the sole New Jersey casino proponent of the legislation.
Prior to serving in various gaming positions, Mr. Matejevich was a Vice President of High Yield Research for Merrill Lynch, where he managed the corporate bond research effort for the gaming and leisure sectors and marketed high yield and other debt transactions totaling $4.8 billion. Mr. Matejevich received a Bachelor of Science in Economics from The Wharton School and a Bachelor of Arts in International Relations from The College of Arts and Sciences at the University of Pennsylvania.
Our Board of Directors
Morris Bailey — Chairman
Over the past 10 years, Mr. Bailey has been a leader in turning around Atlantic City, as well as being among the first gaming executives to embrace online gaming and sports betting in the United States. In his efforts, Mr. Bailey partnered with two of the largest digital gaming companies in the world, PokerStars, part of the Stars Group, and DraftKings (Nasdaq: DKNG). In 2010, Mr. Bailey bought Resorts Atlantic City (“Resorts”) and initiated a comprehensive renovation which allowed for the property to be rebranded and repositioned. In 2012, Mr. Bailey signed an agreement with Mohegan Sun to manage the day-to-day operations of the casino. In addition to Mohegan Sun’s operational expertise and ability to reduce costs via economies of scale, Resorts gained access to their robust customer database. Soon thereafter, Mr. Bailey and his team focused on bringing online gaming to the property. In 2015, Resorts established a platform to engage in online gaming by partnering with PokerStars, now part of the $24 billion Flutter Entertainment, PLC (LSE: FLTR), to operate an online poker room in Atlantic City. In 2018, Resorts announced deals with DraftKings and SBTech to open a sportsbook on-property and online. For 2020 year-to-date, Resorts has performed in the top quartile in internet gross gaming revenue in New Jersey. Mr. Bailey’s efforts in New Jersey helped set the framework for expansion of online sports and gaming throughout the United States.
In addition to his gaming interests, Mr. Bailey has over 50 years of experience in all facets of real estate development, asset M&A, capital markets and operations and is the founder, Chief Executive Officer and Principal of JEMB Realty, a leading real estate development, investment and management organization. Mr. Bailey has notable investment experience within the energy, finance and telecommunications sectors through investments in the Astoria Energy Plant, Basis Investment Group and Xentris Wireless.
Tony Rodio — Director Nominee
Mr. Rodio has nearly four decades of experience in the gaming industry. Most recently, Mr. Rodio served as the Chief Executive Officer and director of Caesars Entertainment Corporation (“Caesars”) (Nasdaq: CZR), one of the world’s most diversified casino-entertainment providers and the most geographically diverse U.S. casino-entertainment company, from April 2019 until its acquisition by Eldorado Resorts, Inc. in July 2020. Mr. Rodio led Caesars through its $17.3 billion merger with Eldorado Resorts, one of the largest transactions in the gaming industry to date. Additionally, Mr. Rodio was instrumental to Caesars’ expansion into the digital gaming industry and oversaw the implementation of new digital segments such as its Scientific Games powered retail sportsbook solution that now operates in various states throughout the U.S. From October 2018 to May 2019, Mr. Rodio served as Chief Executive Officer of Affinity Gaming. Prior to Affinity Gaming, he served as President, Chief Executive Officer and a director of Tropicana Entertainment, Inc. (“Tropicana”) for over seven years, where he was responsible for the operation of eight casino properties in seven different jurisdictions. 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. Ultimately, Mr. Rodio’s efforts at Tropicana led to its sale to Eldorado Resorts in 2018 for $1.85 billion. Prior to Tropicana, Mr. Rodio held a succession of executive positions in Atlantic City for casino brands, including Trump Marina Hotel Casino, Harrah’s Entertainment (predecessor to Caesars), the Atlantic City Hilton Casino Resort and Penn National Gaming. He has also served as a director of several 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 brings extensive knowledge of and experience in the gaming industry, operational expertise, and a demonstrated ability to effectively design and implement company strategy. Mr. Rodio received a Bachelor of Science from Rider University and a Master of Business Administration from Monmouth University.
Marlon Goldstein — Director Nominee
Mr. Goldstein is a licensed attorney with nearly 20 years of experience in the gaming space. He joined The Stars Group (Nasdaq: TSG)(TSX: TSGI) in January 2014 as its Executive Vice-President, Chief Legal Officer and Secretary until his retirement from the company in July 2020 following the merger of TSG with Flutter Entertainment, PLC (LSE: FLTR). Mr. Goldstein also previously served as the Executive Vice-President, Corporate Development and General Counsel of TSG. Mr. Goldstein was also the senior TSG executive based in the United States and was one of the primary architects of TSG’s strategic vision for its U.S.-facing business. During his tenure, TSG grew from an approximately $500 million market-cap company to an approximately $7 billion market-cap company through a combination of organic growth and strategic mergers and acquisitions. Mr. Goldstein participated in numerous M&A transactions and capital markets offerings at TSG, including several transformational transactions in the digital gaming industry. Notable transactions in which Mr. Goldstein was involved include:
• TSG/Flutter Merger: In 2019, TSG merged with Flutter for a $12.2 billion transaction value, the largest transaction in the digital gaming industry to date.
• TSG/Fox Bet Partnership: In 2019, TSG entered into a partnership with FOX Sports to create FOX Bet in the U.S., a leading U.S. online gaming business. Wall Street Research estimates an approximate $1.1 billion valuation for Fox Bet post-partnership with The Stars Group.
• TSG/Sky Betting & Gaming: In 2018, TSG acquired Sky Betting & Gaming, the largest mobile gambling operator in the United Kingdom at the time, for $4.7 billion.
• TSG/CrownBet and William Hill: In 2018, TSG simultaneously acquired CrownBet and William Hill, two Australian operators, for a total of $621 million in a multi-part transaction.
• TSG/PokerStars and Full Tilt Poker: In 2014, TSG acquired The Rational Group, which operated PokerStars and Full Tilt and was the world’s largest poker business, for $4.9 billion.
Through his ability to legally structure large and complex transactions, Mr. Goldstein was integral to TSG’s vision of becoming a full-service online gaming company. Additionally, he assisted in structuring TSG’s capital markets activity, which generated liquidity for acquisitions and strengthened its balance sheet.
Prior to joining TSG, Mr. Goldstein was a principal shareholder in the corporate and securities practice at the international law firm of Greenberg Traurig P.A., where he practiced for almost 13 years. Mr. Goldstein’s practice focused on corporate and securities matters, including mergers and acquisitions, securities offerings, and financing transactions. Additionally, Mr. Goldstein was the founder and co-chair of the firm’s Gaming Practice, a multi-disciplinary team of attorneys representing owners, operators and developers of gaming facilities, manufacturers and suppliers of gaming devices, investment banks and lenders in financing transactions, and Indian tribes in the development and financing of gaming facilities.
Mr. Goldstein brings experience and insight that we believe will be valuable to a potential initial business combination target business. Mr. Goldstein received a Bachelor of Business Administration with a concentration in accounting from Emory University and a Juris Doctorate with highest honors from the University of Florida, College of Law.
Sean Ryan — Director Nominee
Mr. Ryan is a digital media and technology operator with extensive global experience in online payments, e-commerce, marketplaces, mobile ad networks, digital games, enterprise collaboration platforms, blockchain, real money gaming and online music. Since 2014, Mr. Ryan has been serving as Vice President of Business Platform Partnerships at Facebook, Inc. (“Facebook”) (Nasdaq: FB), where he leads a more than 500 person global organization that manages the Payments, Commerce, Novi/Blockhain, Workplace and Audience Network businesses. Prior to his current role, Mr. Ryan was hired in 2011 as the Director of Games Partnerships to lead and grow the global Games business at Facebook. While the Director of Games Partnerships, Mr. Ryan focused on re-shaping Facebook’s games and monetization strategies to derive more value for Facebook, its users and its partners, including the addition of a Real Money Gaming offering in regulated markets. Mr. Ryan’s team helped accelerate a major trend in engagement through cross-platform games and therefore the opportunity to increase users through establishing games on multiple platforms. Prior to joining Facebook, Mr. Ryan created the new social and mobile games division at News Corp, an American multinational mass media corporation controlled by Rupert Murdoch. While at News Corp, Mr. Ryan led the acquisition of Making Fun, a San Francisco social-game start-up, that created News Corp’s games publishing division.
Before joining News Corp., Mr. Ryan founded multiple digital businesses such as Twofish, Meez, Open Wager and SingShot Media. Mr. Ryan co-founded Twofish in 2009, a virtual goods and services platform that provided developers with data analytics and insights for individual application’s digital economies. Twofish was later sold to online payments provider Live Gamer, where Mr. Ryan served on the board of directors. From 2005 to 2008, Mr. Ryan founded and led Meez.com, a social entertainment service combining avatars, web games and virtual worlds. The white label social casino gaming company Open Wager was spun out of Meez and was later sold to VGW Holdings, Mr. Ryan also co-founded SingShot Media, an online karaoke community, which was sold to Electronic Arts (Nasdaq: EA) and merged into its Sims division.
We believe Mr. Ryan’s experience will be valuable to a potential initial business combination target and would provide an expanded perspective on the digital gaming landscape. Mr. Ryan received a Bachelor of Arts from Columbia University and a Master of Business Administration from the University of California, Los Angeles.
Tom Roche — Director Nominee
Mr. Roche has more than 40 years of experience in the gaming industry as a regulator, advisor and independent auditor. Mr. Roche joined Ernst & Young (“EY”) as a partner in 2003 and opened its Las Vegas office. He was subsequently appointed as the Office Managing Partner and Global Gaming Industry Market Leader. In 2016, Mr. Roche relocated to the EY Hong Kong office to supervise the expansion of the EY Global Gaming Industry practice in the Asia Pacific region. Mr. Roche has been integral to numerous transactions that have shaped the current gaming landscape, including:
• Wynn Resorts (Nasdaq: WYNN) initial public offering: Mr. Roche was the lead partner on Wynn Resort’s initial public offering, which raised $450 million in 2002.
• Harrah’s Entertainment/Apollo Management Group & Texas Pacific Group: Mr. Roche headed the regulatory advisory services on the buyout of Harrah’s Entertainment, the world’s largest casino company at the time, for $17.1 billion.
• Dubai World/MGM Resorts: Mr. Roche headed the regulatory and due diligence advisory services to Dubai World in its approximately $5.1 billion investment in MGM. Dubai World bought 28.4 million MGM shares, or 9.5 percent of the casino operator, for $2.4 billion. It then invested $2.7 billion to acquire a 50% stake in MGM’s CityCenter Project, a $7.4 billion 76-acre Las Vegas development of hotels, condos and retail outlets.
• MGM Growth Properties (NYSE: MGP) initial public offering: Mr. Roche provided tax and structural transaction services to MGM Resorts in the creation of MGM Growth Properties, a publicly traded REIT engaged in the acquisition, ownership and leasing of large-scale destination entertainment and leisure resorts. MGM Growth Properties raised $1.05 billion in its 2016 initial public offering.
Mr. Roche also directed EY advisory services to boards and management teams for profit improvement and technology related initiatives. In addition, Mr. Roche provided advisory support to the American Gaming Association on several research projects, including those specifically related to sports betting, the revocation of The Professional and Amateur Sports Protection Act of 1992 (PASPA) and anti-money laundering best practices in the gaming industry. Equally, he has assisted government agencies in numerous international locations with enhancing their regulatory approach to governing the industry especially in the online gambling sector.
Prior to joining Ernst & Young, Mr. Roche served as Deloitte’s National Gaming Industry Leader and as the co-head of Andersen’s Gaming Industry Practice in Las Vegas. In 1989, Mr. Roche was appointed by then Governor of the State of Nevada, Robert Miller, to serve as one of three members of the Nevada State Gaming Control Board for a four-year term, where he was directly responsible for the Audit and New Games Lab Divisions. As a board member, he spent a substantial amount of time assisting global jurisdiction regulators enact gaming legislation in the design of their regulatory structure. During his career, Roche has been involved in numerous public and private offerings of equity and debt securities. His background includes providing casino regulatory consulting services to casino licensees and to federal and state agencies including the National Indian Gaming Commission and the Nevada State Gaming Control Board, and industry associations such as the Nevada Resort Association and the American Gaming Association.
We believe Mr. Roche’s highly regarded reputation as a gaming auditor and advisor in the gaming industry will be valuable for us and a potential business combination target. Mr. Roche is a member of the American Institute of Certified Public Accountants and is licensed by the Nevada State Board of Accountancy and Mississippi State Board of Public Accountancy. He received his Bachelor of Science degree in Accounting from the University of Southern California.
submitted by jorlev to SPACs [link] [comments]

Unibet getting a Midwestern foothold

https://www.gambling.com/news/unibet-entering-indiana-and-iowa-sports-betting-markets-2207600
Unibet is coming to Indiana and Iowa. And in effect, it’s coming to the state wedged between them: Illinois.
Kindred Group on Tuesday announced a 10-year agreement with Caesars Entertainment to gain market access into Indiana and Iowa – and “potentially other states,” according to a news release – to operate both online sports betting and gaming through its Unibet brand.
Kindred, through Unibet, can immediately begin seeking licenses in both states, which would double its footprint in the United States. Unibet currently operates in New Jersey and Pennsylvania sportsbooks. Its online Pennsylvania sportsbook is operated in partnership with Mohegan Sun.
Unibet’s New Jersey sportsbook is through a deal with Hard Rock Hotel & Casino Atlantic City.
In Indiana, Unibet will ally with a Caesar’s Horsehoe Hammond property less than 30 miles from Chicago, giving it a key outpost to tap into an Illinois market left fallow because of regulatory delays.
Most important, the deal will bring mobile and online betting options to a property battling to compete financially without it.

Unibet Can Tap Into Chicago Market

Sports betting was legalized in Illinois in June, but a launch date remains nebulous and seemingly far-off. So Illinois bettors continue to pour over the Indiana border from the city of 2.7 million to patronize the likes of Horseshoe Hammond and DraftKings-affiliated Ameristar East Chicago.
Ameristar’s January sports betting handle of $73,037,356 led all 13 Indiana providers – $170,813,254 was collected in the state – with $65,993,539 coming from that sportsbook via mobile. Caesars never launched a mobile product for Horseshoe Hammond, negating its proximity as the nearest Indiana sportsbook to the Chicago metropolitan area.
Unibet’s Iowa peg will be at Harrah’s Council Bluffs, which is just across the Missouri River from Omaha, Nebraska, and nestled in the metropolitan statistical area of nearly a million. Mobile betting accounted for about 59% of Iowa sports betting handle in January. Ten of 19 Iowa sportsbooks offer mobile or online sports betting.
Kindred US senior vice president Manuel Stan said he was “thrilled” to expand the company’s American presence with Caesars.
submitted by brantjames to SportsBettingBiz [link] [comments]

Your Morning Coffee: 10/26/2018

Earnings

Alphabet Inc (GOOGL) Q3 EPS USD 13.06 vs. Exp. USD 10.42, revenue USD 33.74bln vs. Exp. USD 34.04bln. Aggregate paid clicks +10% yy, aggregate cost per click -7% yy. (Newswires)
Amazon.com Inc (AMZN) Q3 EPS USD 5.75 vs. Exp. USD 3.14, revenue USD 56.6bln vs. Exp. USD 57.1bln. Guides Q4 revenue USD 66.5bln -72.5bln vs. Exp. USD 73.9bln. CFO says expecting a strong holiday season and that there is no message in forward guidance against that. (Newswires)
Aon PLC (AON) Q3 Adj. EPS USD 1.31 vs. Exp. USD 1.22, revenue USD 2.30bln vs. Exp. USD 2.39bln. (Newswires)
Arthur J Gallagher & Co (AJG) Q3 EPS USD 0.78 vs. Exp. USD 0.77, revenue USD 1.74bln vs. Exp. USD 1.26bln. (Newswires)
Autoliv (ALV) Q3 Adj. EPS USD 1.35 vs. Exp. USD 1.68, revenue USD 2.03bln vs. Exp. USD 2.08bln. (Newswires)
Biomarin Pharmaceutical Inc (BMRN) Q3 EPS USD -0.07 vs. Exp. USD -0.22, revenue USD 0.391bln vs. Exp. USD 0.37bln. (Newswires)
Cabot Oil & Gas Corp (COG) Q3 EPS USD 0.25 vs. Exp. USD 0.28, revenue USD 0.545bln vs. Exp. USD 0.47bln. (Newswires)
Cerner Corp (CERN) Q3 EPS USD 0.63 vs. Exp. USD 0.63, revenue USD 1.34bln vs. Exp. USD 1.36bln. (Newswires)
Charter Communications Inc (CHTR) Q3 EPS USD 2.11 vs. Exp. USD 1.09, revenue USD 10.9bln vs. Exp. USD 10.94bln. (Newswires)
Chipotle Mexican Grill Inc (CMG) Q3 EPS USD 2.16 vs. Exp. USD 2.00, revenue USD 1.23bln vs. Exp. USD 1.23bln. Comparable store sales +4.4% vs. Exp. 5%. (Newswires)
Cincinnati Financial Corp (CINF) Q3 EPS USD 0.84 vs. Exp. USD 0.76, revenue USD 1.30bln vs. Exp. USD 1.46bln. (Newswires)
Colgate-Palmolive Co (CL) Q3 EPS USD 0.60 vs. Exp. USD 0.72, revenue USD 3.845bln vs. Exp. USD 3.89bln. The co. faces higher costs and expects single-digit revenue is this quarter due to foreign exchange. (Newswires)
Digital Realty Trust Inc (DLR) Q3 FFO USD 1.57 vs. Exp. USD 1.63, revenue USD 0.769bln vs. Exp. USD 0.77bln. (Newswires)
Discover Financial Services (DFS) Q3 EPS USD 2.05 vs. Exp. USD 2.05, revenue USD 2.72bln vs. Exp. USD 2.71bln. (Newswires)
Eastman Chemical Co (EMN) Q3 EPS USD 2.34 vs. Exp. USD 2.29, revenue USD 2.55bln vs. Exp. USD 2.56bln. (Newswires)
Expedia Group Inc (EXPE) Q3 EPS USD 3.65 vs. Exp. USD 3.15, revenue USD 3.28bln vs. Exp. USD 3.3bln. (Newswires)
First Solar (FSLR) Q3 EPS USD 0.54 vs. Exp. USD 0.41, revenue USD 0.676bln vs. Exp. USD 0.696bln. (Newswires)
FirstEnergy Corp (FE) Q3 EPS USD 0.80 vs. Exp. USD 0.71, revenue USD 3.10bln vs. Exp. USD 2.94bln. (Newswires)
Fortive Corp (FTV) Q3 Adj. EPS USD 0.77 vs. Exp. USD 0.87, revenue USD 1.80bln vs. Exp. USD 1.86bln. (Newswires)
Fortune Brands Home & Security Inc (FBHS) Q3 EPS USD 0.93 vs. Exp. USD 1.05, revenue USD 1.38bln vs. Exp. USD 1.44bln. (Newswires)
Gilead Sciences Inc (GILD) Q3 EPS USD 1.60 vs. Exp. USD 1.63, revenue USD 5.59bln vs. Exp. USD 5.38bln. Raises full-year revenue guidance. (Newswires)
Goodyear Tire & Rubber Co (GT) Q3 Adj. EPS USD 0.68 vs. Exp. USD 0.75, revenue USD 3.90bln vs. Exp. USD 3.94bln. (Newswires)
Hartford Financial Services Group Inc (HIG) Q3 EPS USD 1.15 vs. Exp. USD 1.06, revenue USD 4.84bln vs. Exp. USD 4.71bln. (Newswires)
Intel Corp (INTC) Q3 EPS USD 1.40 vs. Exp. USD 1.15, revenue USD 19.2bln vs. Exp. USD 18.11bln. Raises full-year forecasts. (Newswires)
Kimco Realty Corp (KIM) Q3 EPS USD 0.12 vs. Exp. USD 0.12, revenue USD 0.283bln vs. Exp. USD 0.282bln. (Newswires)
Leggett & Platt Inc (LEG) Q3 EPS USD 0.67 vs. Exp. USD 0.71, revenue USD 1.09bln vs. Exp. USD 1.1bln. (Newswires)
Mattel Inc (MAT) Q3 EPS USD 0.18 vs. Exp. USD 0.2, revenue USD 1.44bln vs. Exp. USD 1.49bln. Reports stronger than expected sales in North America. (Newswires)
Mohawk Industries Inc (MHK) Q3 EPS USD 3.29 vs. Exp. USD 3.58, revenue USD 2.55bln vs. Exp. USD 2.6bln. (Newswires)
Moody's Corp (MCO) Q3 Adj. EPS USD 1.69 vs. Exp. USD 1.78, revenue USD 1.08bln vs. Exp. USD 1.12bln; cuts 2018 EPS guidance. (Newswires)
National Oilwell Varco Inc (NOV) Q3 EPS USD 0.06 vs. Exp. USD 0.12, revenue USD 2.15bln vs. Exp. USD 2.21bln. (Newswires)
Phillips 66 (PSX) Q3 EPS USD 3.10 vs. Exp. USD 2.48, revenue USD 30.59bln vs. Exp. USD 29.88bln. (Newswires)
Principal Financial Group Inc (PFG) Q3 EPS USD 1.67 vs. Exp. USD 1.67, revenue USD 4.37bln vs. Exp. USD 3.94bln. (Newswires)
Regency Centers Corp (REG) Q3 EPS USD 0.41 vs. Exp. USD 0.38, revenue USD 0.274bln vs. Exp. USD 0.27bln. (Newswires)
Republic Services Inc (RSG) Q3 Adj. EPS USD 0.81 vs. Exp. USD 0.82, revenue USD 2.565bln vs. Exp. USD 2.57bln. (Newswires)
Resmed Inc (RMD) Q3 EPS USD 0.81 vs. Exp. USD 0.79, revenue USD 0.588bln vs. Exp. USD 0.57bln. (Newswires)
Roper Technologies Inc (ROP) Q3 EPS USD 3.09 vs. Exp. USD 2.94, revenue USD 1.32bln vs. Exp. USD 1.31bln. (Newswires)
Snap Inc (SNAP) Q3 EPS USD -0.12 vs. Exp. USD -0.14, revenue USD 0.283bln vs. Exp. USD 0.28bln. Reports a fall in daily active users expected to continue this quarter. (Newswires)
Stryker Corp (SYK) Q3 EPS USD 1.69 vs. Exp. USD 1.68, revenue USD 3.2bln vs. Exp. USD 3.26bln. (Newswires)
SVB Financial Group (SIVB) Q3 EPS USD 5.10 vs. Exp. USD 4.49, revenue USD 0.703bln vs. Exp. USD 0.66bln. (Newswires)
Tractor Supply Co (TSCO) Q3 EPS USD 0.95 vs. Exp. USD 0.87, revenue USD 1.88bln vs. Exp. USD 1.83bln. (Newswires)
Universal Health Services Inc (UHS) Q3 EPS USD 2.23 vs. Exp. USD 2.01, revenue USD 2.65bln vs. Exp. USD 2.66bln
Ventas Inc (VTR) Q3 FFO EPS 0.99 vs. Exp. USD 0.36, revenue USD 0.936bln vs. Exp. USD 0.91bln. (Newswires)
Verisign Inc (VRSN) Q3 EPS USD 1.23 vs. Exp. USD 1.19, revenue USD 0.305bln vs. Exp. USD 0.31bln. (Newswires)
Western Digital Corp (WDC) Q3 EPS USD 3.04 vs. Exp. USD 3.04, revenue USD 5.03bln vs. Exp. USD 5.14bln. Warned over a decline in flash memory pricing. (Newswires)
Weyerhaeuser Co (WY) Q3 EPS USD 0.34 vs. Exp. USD 0.37, revenue USD 1.9bln vs. Exp. USD 1.98bln. (Newswires)
Zimmer Biomet Holdings Inc (ZBH) Q3 Adj. EPS USD 1.63 vs. Exp. USD 1.6, revenue USD 1.837bln vs. Exp. USD 1.83bln. (Newswires)

DJIA

JPMorgan Chase (JPM) – The bank had reportedly been deliberately suppressed from expanding nationally under the Obama administration due to its violation of banking rules, but now those regulations have been lifted it is now expanding. (Newswires)

S&P500

Allergan (AGN) – The co. declares Q4 2018 cash dividend of USD 0.72/shr. (Newswires)
Campbell Soup (CPB) – Activist investment fund, Third Point, has filed a lawsuit against the packaged food co. for allegedly providing misleading/incomplete information to gain shareholder support. (WSJ)
CBS (CBS) – The ongoing probe by hired law firms, Covington & Burling and Debevoise & Plimpton, has reached road blocks after not everyone has been willing to meet with investigators and questions being raised on previous ties the law firms have with the co. (NY Times)
Charles Schwab (SCHW) – The brokerage firm’s board has authorised a total of USD 1bln of share repurchases. (Newswires)
General Motors (GM) – The automaker is seeking backing from the Trump administration to back its nationwide electric vehicle programme, which seeks to have 7mln electric vehicles on US roads by 2030. (Newswires)
Lockheed Martin (LMT) – French President Emmanuel Macron went public to say he regrets Belgium’s decision to purchase Lockheed’s F-35 jets instead of Eurofighter Typhoon planes, saying it went against Europe’s strategic interests. (Newswires)

NASDAQ

(AMZN) - The online retailer has partnered with health brand consultancy co. Arcadia Group to sell a new range of consumer-focused medical devices. (Newswires)
Facebook (FB) – Vice news recently undertook an investigation where it was able to post fake political advertisements on the social media website posting as ISIS and US VP Mike Pence. (VICE)
Alphabet (GOOGL) – The tech giant’s CEO Sundar Pichai said that the co. has fired 48 employees for sexual misconduct over two years. (Newswires)

OTHER NEWS

Alibaba (BABA) – The Chinese online retailer has entered into a strategic partnership with Richemont to bring YOOX NET-A-PORTER GROUP S.p.A. products to Chinese consumers. (Newswires)
Caesars Entertainment (CZR) – The casino resorts co. has hired Goldman Sachs (GS) for advice on fending off activist investors. (NY Post)
International Game (IGT), Penn National Gaming (PENN) – The two casino games co.s have entered a five-year partnership where PENN will provide all its gaming services to the emerging Pennsylvania online gaming market, expected for launch in Q1 2019. (Newswires)
JetBlue (JBLU) – ADM (ABM) will offer catering logistics services to the co. (Newswires)
Mellanox (MLNX) – The computer networks co. gained momentum after the close yesterday when it was reported the co. had hired advisors to help seek a sale. (CNBC)
submitted by WSBConsensus to wallstreetbets [link] [comments]

Veteran's Day: Deals and Steals

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submitted by LrankLcean to AirForce [link] [comments]

Veteran's Day: Deals and Steals

If there is something you're aware of, that isn't on this list, mention it below. Make sure you call ahead to make sure the location in your area is participating in these offers.
It's not my fault if you go into a restaurant that isn't offering this deal, and you don't have enough money to pay your tab. Don't forget to tip your server.
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submitted by LrankLcean to army [link] [comments]

Veteran's Day: Deals and Steals

If there is something you're aware of, that isn't on this list, mention it below. Make sure you call ahead to make sure the location in your area is participating in these offers.
It's not my fault if you go into a restaurant that isn't offering this deal, and you don't have enough money to pay your tab. Don't forget to tip your server.
The second half of this list is retail offers. There are even things to involve the families.
Food
Retail
submitted by LrankLcean to Military [link] [comments]

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