Blockchain & AI
BEHOLD THE NEW CAESARS: THE WORLD’S BIGGEST CASINO OPERATOR
iGaming
BEHOLD THE NEW CAESARS: THE WORLD’S BIGGEST CASINO OPERATOR
The $17.3 billion mega-merger between Eldorado Resorts and Caesars Entertainment has completed, creating the world’s biggest casino company.
A gaming superpower is born
With over 55 casinos in 16 US states, and eight resorts on the Las Vegas Strip alone, the new company, which will continue to use the name ‘Caesars’, is set to dominate the US gaming sector, both offline and online.
The acquisition also includes Caesars Entertainment Group’s assets in the UK, Canada, Dubai, and Egypt, in addition to the golf course in the Macau casino. 51% of shares in the new company will be held by Eldorado shareholders, and 49% by Caesars shareholders.
Imminent job losses
Unfortunately, confirmation of the merger was also accompanied by news of imminent job losses in Las Vegas. Addressing the layoffs, CFO of the new giant, and former Eldorado CFO, Bret Yunker, said:
“We remain focused on creating substantial synergies as we bring together these two companies. That will, unfortunately, result in some job reductions. Reducing the size of a workforce is always challenging to go through.”
Though Yunker promised the layoffs would be carried out as “compassionately and transparently as possible,” he didn’t provide further details. Prior to the COVID-19 crisis Caesars employed around 30,000 people in Las Vegas, and 65,000 worldwide, while Eldorado counted roughly 18,000 on its payroll.
Yunker emphasised that, although the COVID-19 pandemic has devastated casino revenues and the tourism industry in the US and globally, and the company has around $13 billion US in debt, plus obligations to VICI Properties and another real estate investment trust, it had remained steadfastly committed to the Caesars deal.
AYO.NEWS says:
Though some are sure to accuse Caesars of using the COVID-19 crisis as an excuse to lay off even more staff, the truth is that as more US states legalise gambling the focus will inevitably shift away from the traditional big casino resorts to online gambling. And, there’s no denying that the coronavirus crisis is accelerating this shift.
Within the last couple of weeks we’ve already seen MGM Resorts International and GVC Holdings more than double funding for Roar Digital’s BetMGM online gaming platform, as it gets ready for the Phoney War to end and the Blitzkrieg to begin.
‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates.
All original content featured on this site is © Pentagon Digital Limited, 2020
With several years experience in the igaming and sports betting industries in Malta under his belt, over the last few years Oliver has developed a passion for blockchain and an interest in esports. He’s also a published novelist and has a background in art and photography.

NetEnt’s Live Casino games are now available to Svenska Spel Sport & Casino players.
Following a successful integration, NetEnt’s Blitz Blackjack, Auto Roulette Studio, and Perfect Blackjack games are live with the Swedish state-owned operator, significantly increasing the supplier’s reach in the important market.
Over the past year, NetEnt has made major improvements to its Live Casino portfolio, launching new games and optimising player experience with better UIs, graphics and usability. The partnership will also give Svenska Spel Sport & Casino access to marketing tools with tailored campaigns to improve acquisition and retention.
Commenting on the news Director of NetEnt Live, Andres Rengifo, said:
“We are proud that all the hard work we have put into our offering is showing in the products. Launching with Svenska Spel Sport & Casino is a major step in the growth of our live casino business and I’m sure that their players will enjoy our games.”
While VP Casino at Svenska Spel Sport & Casino, Jonas Nygren, added:
“We are very happy to have NetEnt Live on-board and look forward to be offering their games to our players. We believe NetEnt´s existing and upcoming games have value to offer our players.”
Staying with NetEnt, yesterday the company announced a major partnership with Scientific Games in the United States.
All original content featured on this site is © Pentagon Digital Limited, 2020
Online casino supplier NetEnt has announced a partnership with Scientific Games in the United States.
The agreement will see NetEnt’s content launched on Scientific Games’ OpenGaming platform in US markets.
Several NetEnt releases have already been integrated and are available to partners in New Jersey, with launches in Michigan and Pennsylvania planned soon.
Commenting on the news VP commercial, NetEnt Americas LLC, Brain Kraft, said:
“Expanding our presence in the US market is of high importance to NetEnt. Collaborating with Scientific Games leveraging the power of their OpenGaming platform made strategic sense for us, given the company’s strong reputation and partnerships with multiple US operators.
“We’re excited about working with Scientific Games in the US and look forward to launching our popular slots with more operators in the coming months.”
NetEnt saw revenue grow 37% year-on-year, to SEK 573m ($64m USD), in the second quarter of 2020, powered in part by growth in the United States.
In September, NetEnt expanded its US reach with BetMGM in West Virginia, and was selected by long-term partner Hard Rock International to deliver its OpenSports™ and OpenGaming solutions across regulated markets in the U.S.
AYO.NEWS says:
The COVID-19 crisis has clearly catalysed the demand for online casino in the fledgling US markets, and suppliers like NetEnt, which established a foothold in the country early on are now well placed to capitalise on the potentially huge opportunities.
‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates.
All original content featured on this site is © Pentagon Digital Limited, 2020
Following Caesars Entertainment’s agreement to acquire William Hill, 888 Holdings has expressed its interest in acquiring the British bookies’ European operations.
As reported yesterday, Caesars Entertainment has agreed to acquire William Hill in a £2.9bn ($3.72bn) deal, subject to shareholder and regulatory approval. It also confirmed it only intends to keep William Hill’s US operations, and will seek to sell its UK and European businesses.
Now, according to the Financial Times, 888 Holdings CEO, Itai Pazner, has suggested his company may be interested in acquiring William Hill assets from Caesars, saying:
“We are going to look at any asset that can be relevant for us, and within that list, if that opportunity (to buy William Hill’s assets) comes our way, that could be relevant for us.”
888 Holdings saw revenue surge 37% year-on-year, to $379.1m, in the first half of 2020 as it benefited from a surprise uptick in online poker. Profit before tax also rocketed 130% to $50.9m. Indeed, 888 Holdings’ stock price has risen a dramatic 260% since the COVID-19 pandemic started.
AYO.NEWS says:
Like many other online gaming operators, 888 Holdings has benefited from a surge in business during the COVID-19 pandemic. However, with furlough and job support schemes winding down in many countries, including the UK and Germany, Europe is facing the real possibility of unprecedented unemployment.
If this happens, and consumer spending power plummets, it could well be that only the biggest operators have the economy of scale to survive – so it makes sense that 888 is looking to ‘strike while the iron is hot’ and snap up William Hill’s assets… or at least online ones.
‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates.
All original content featured on this site is © Pentagon Digital Limited, 2020
The UK’s Gambling Commission (UKGC) has introduced new guidance regarding VIP customers.
Aimed at tackling “irresponsible incentivisation” of high-value customers, and improving customer protection, the new rules have been formulated following a consultation process that ran from June to August.
UK operators will now be required to conduct extensive checks on customers before enrolling them in VIP programs. In addition to on-going gambling harm checks, operators will need to ascertain the source of funds and occupation, and carry out identity verification. Crucially, operators will be required to establish that customers’ spending is affordable and sustainable.
Each VIP program will also be required to be overseen by an assigned senior executive, who must hold a personal management license (PML). They will be personally responsible for customer safety.
Commenting on the changes Gambling Commission chief executive, Neil McArthur, said:
“We have introduced these new rules to stamp out malpractice in the management of ‘VIP’ customers and to make gambling safer. Our enforcement work has identified too many cases of misconduct in the management of VIP schemes and this is the last chance for operators to show they can operate such schemes appropriately.
“We understand that the number of customers signed up to ‘VIP’ schemes has already reduced by 70% since we challenged the industry to get its house in order, last year. Whilst that is a sign of the positive impact our innovative approach to collaborative working can have, these new rules are designed to ensure progress continues to be made to protect vulnerable customers.
“Operators can be in no doubt about our expectations. If significant improvements are not made, we will have no choice but to take further action and ban such schemes. These new rules are part of the Commission’s comprehensive programme of tougher enforcement and compliance activity which has also seen the introduction strengthened protections around online age and ID verification, improved customer interaction practices, and the banning of gambling on credit cards.”
The new rules will be enforced from 31 October 2020.
In the coming weeks, the Commission will be launching a consultation on customer interaction, and will also be responding to a consultation on safe online game design.
Last week, the UK’s Betting and Gaming Council (BGC) attempted to assuage the UKGC by introducing a new code of conduct covering the design of online games.
AYO.NEWS says:
Though this is going to add a lot of extra work and responsibilities for gambling operators, everyone knew it was coming, and many would argue the industry brought it on itself. For a long time now, many operators have centred their business models around attracting a relatively small number of ‘VIP’ customers, usually via affiliate marketing networks – leaving themselves horribly vulnerable to changes like those announced by the UKGC today.
Of course, there is an alternative approach, which involves scaling and relying on large numbers of microtransactions. This tends to be more common in the esports and crypto betting scenes, and requires extensive automation to make it viable, but it arguably results in more sustainable and resilient businesses.
‘AYO.NEWS says’ features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited or its affiliates or associates.
All original content featured on this site is © Pentagon Digital Limited, 2020.
Malta-based Betpoint Group has announced the launch of its latest brand, UltraCasino.com.
Betpoint Group Ltd, the operator behind online casino brands including 21.com and NitroCasino, is expanding its portfolio further with the launch of its most recent site UltraCasino.com.
After successfully launching its first casino, 21.com, in the summer of 2018, the company has since launched another four brands at a rapid pace.
Within the last twelve months, Betpoint Group has experienced a significant growth spurt leading to the release of JustSpin.com in October 2019, NitroCasino.com in early 2020, followed by NeonVegas.com in June, and just after two months, the brand new release of UltraCasino.com.
With its own unique twist, UltraCasino will be the latest addition to Betpoint Group’s portfolio of top quality brands.The casino will feature a new gamification tool called Ultra Charge, adding on a brand new reward system to engage players.
Commenting on the launch CEO of Betpoint Group, Karl Wijkmark, said:
“We are extremely excited to launch UltraCasino. It is marking yet another milestone for us and we could not be happier with the progress that we have made in the past twelve months. Our agile and fast-paced organisation structure, combined with our multi-brand strategy has really paid off and made an impact on the market.”
New online casino Trustbet.io has become the first brand to go live on the DAOPlatform blockchain-based igaming platform.
After a successful community-focused soft launch in mid-August, Trustbet.io is now available for players in several jurisdictions across Latin America, Africa, Europe, and the CIS.
The casino has initially launched with five games from the provider’s in-house publisher, DAOGames: Blackjack, Dice, Baccarat, Three Card Brag and High Card – all off which feature tamper-proof on-chain RNGs approved by GLI.
Trustbet.io players will also benefit from no deposit requirements, instant payouts, ultra-fast game finality, and will avoid high blockchain transaction fees.
Discussing the launch DAOGroup’s CCO Glen Bullen, said:
“Trustbet.io will do just as it says on the tin: offer players the ability to keep their money where they can control it, while reaping instant pay outs from quality games with verifiable randomness.”
“We’re very excited to showcase the DAOPlatform and its cutting-edge performance with such a quality brand as TrustBet.io; and, with their initial success proving the product, we look forward to rolling it out to further brands and help shape the future of igaming.”
Players and white label operators, like Trustbet.io, also benefit from the crypto-fiat gateway DAOWallet, allowing for both on and off-ramp payments for crypto (ETH, BTC), stablecoins (TrueUSD, Tether), and fiat (Euro via SEPA, USD via Swift).
All original content featured on this site is © Pentagon Digital Limited, 2020
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