Caesars Reports Mixed Third Quarter Results, WSOP TV Ratings Also Mixed

Caesars Reports Mixed Third Quarter Results, WSOP TV Ratings Also Mixed

World Series of Poker champ Joe McKeehen had a $7.68 million payday this week, the WSOP additionally helping the third-quarter financials for Caesars.

Caesars Acquisition Company (CAC), the investment arm in Caesars Growth Partners (CGP), released its third quarter profits for 2015 and the results are mixed.

The moms and dad business to Caesars Interactive Entertainment, the planet number of Poker and several casinos including Planet Hollywood, Harrah’s New Orleans, as well as the Horseshoe Baltimore, CAC reported total new revenues jumped to $601.2 million into the three months finished September 30, an increase of almost 24 percent.

Not most of the news was good, CAC also revealing that its net income from continuing operations had been just $20.5 million, a 71 percent drop year-on-year.

Caesars Acquisition’s CEO Mitch Garber had no qualms spinning the negatives into positives, saying their organization remains ‘encouraged by the performance that is strong of assets.’

Interactive Stays Active

The highlight of Q3 filing by CAC was yet again its Caesars Interactive Entertainment (CIE) supply, the division reporting $194.5 million in net revenues, a 20.4 percent yield compared to Q3 2014.

CIE is responsible for the WSOP brand along with Caesars Palace Las Vegas and lots of social video gaming websites including Bingo Blitz, Slotomania, and Caesars Bingo.

‘Our Interactive Entertainment business continues to build outstanding outcomes, primarily from our market leading social and mobile games business,’ Garber stated.

Another bright spot in that division is of course the World Series of Poker, the game’s most famous competition concluding its 46th installment this week in Las Vegas.

World Series of Poker Holds

In 2014, the November Nine suffered a drop that is rather considerable viewership on ESPN for the 2 days of coverage. A total of 1.15 million people tuned in for the finale as Martin Jacobson outlasted Felix Stephensen and finisher that is third-place November Nine beginning big stack Jorryt Van Hoof.

The lower score when compared with 2013 when Ryan Reiss survived amateur Jay Farber was credited to non-Americans playing three-handed, and also three players who competed in rather stoic manners.

In an effort to reignite interest and a more substantial television audience, ESPN and the WSOP included a 3rd night of November Nine coverage in 2015, and it seems to have at least halted the downward trend in poker TV marketability.

Though Sunday’s first night did not break the Nielsen’s top 100 cable programs, its finale on Tuesday landed smack in the center at #50 with 1.147 million viewers tuning in at 9:30 pm to watch chip that is commanding Joe McKeehen fend off Josh Beckley and amateur Neil Blumenfield.

‘ I don’t wish to speak for ESPN, but we are pleased with just what we see through the ranks,’ WSOP’s Seth Palansky told the Las Vegas Review-Journal. ‘This is probably a path ahead.’

The WSOP got exactly what it was looking for compared to last year’s event: three Americans, an amateur underdog, and a rather talkative big stack by all accounts.

Of course, it didn’t get every thing it sought as having finisher that is 11th-place Negreanu reach the Niner would have paid enormous dividends.

McKeehen’s gigantic lead, starting Tuesday night of play having a much better than three-to-one chip advantage over Blumenfield and Beckley might have also disengaged some people who rightly assumed this thing had been very long over.

DFS Could be Outlawed By DOJ By End of as Rumors Swirl year

DFS stakeholder: New England Patriots owner Robert Kraft holds equity in DFS web site DraftKings. (Image Kevin C. Cox / Getty NA)

Daily fantasy sports (DFS) could soon be announced illegal at the level that is federal the Department of Justice (DOJ), based on a Washington DC-based unnamed source who spoke to The New York Post this week.

In mid-October, it had been reported by The Wall Street Journal that the DoJ had begun an investigation into the company types of the industry’s biggest hitters, after DraftKings’ clients had reportedly been contacted by FBI agents and questioned about the company to their interactions.

The investigation is likely to center around the legal question of whether DFS is exempt, as it claims, from the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006.

‘Cauldron of Constant Betting’

The authors for the act created a carve-out for fantasy sports at the behest of this sports leagues, nevertheless the season-long fantasy sports of 2006 were a world away from DFS as it exists today.

In fact, one of UIGEA’s writers, previous Republican Representative for Iowa Jim Leach, publicly denounced DFS a few weeks ago as a ‘cauldron of daily betting,’ and included that there was ‘no credible way dream sports betting can be defined as not gambling.’

According to the newest York Post’s supply, the DOJ is probably to come calmly to the conclusion that is same and is anticipated to ‘take some action ahead of the end of the entire year.’

All Dressed Up and Nowhere to Get

Then only with a regulatory license if the source’s claims are accurate, it’s possible that the DOJ will declare the activity a gambling venture in the same bracket as sports betting, as Nevada has done, which could mean that only those states with the right to license sports betting, (which are Nevada, Delaware, Montana and Oregon), could theoretically allow their residents to engage in fantasy sports, and.

None of these states have managed online activities wagering, nevertheless, because its illegal under the Wire Act, making DFS nowhere to go.

Meanwhile, those states which have legalized dream activities and declared it to not be a game f opportunity, such as Kansas did earlier this may have to rethink their stance year.

The major sports leagues, many of whom are stakeholders in the DFS industry, may also need to start thinking about their very own positions in the light of these vocal opposition to activities wagering.

New York Lawsuit

Both Robert Kraft, who owns the New England Patriots, and Jerry Jones, owner regarding the Dallas Cowboys, both have equity in DraftKings, as an example. The NFL strictly prohibits its employees, players and group owners from playing or marketing any style of gambling. Meanwhile, both the NBA and MLB have bought shares in fantasy sports operators.

Today, DraftKings and FanDuel sued filed legal actions to challenge the judgment for the New York attorney general’s office that DFS is illegal in the state and that the two sites must cease their operations there.

DraftKings stated in its lawsuit that New York Attorney General Eric Schneiderman’s choice amounted to ‘strong-arm tactics’ that have been ‘defying the guideline of law.’

Global Poker Index and United States Of America Sports Partner to ‘Sportify’ Game today

Alexandre Dreyfus gained a vital partner in his quest to sportify poker, the businessman landing a handle USA TODAY Sports to cover his upcoming Global Poker League. (Image: pokerlistings.com)

The worldwide Poker Index (GPI) and United States Of America Sports Media Group are joining strengths in a shared mission to ‘sportify’ the game of poker and revolutionize how it’s played today.

Acquired by online business owner Alexandre Dreyfus in 2012 under his Mediarex sports and entertainment company, the GPI runs TheHendonMob.com, poker’s database that is largest in the world, and is set to introduce the Global Poker League (GPL) in early 2016.

12 franchised groups distribute all over the world will encompass the GPL, players rated in the top 1,000 associated with the GPI open to be drafted to the five-person rosters.

USA TODAY Sports, a leader that is global sports reporting, will help keep tabs on all the latest developments and results.

‘The partnership will provide a platform that is essential showcase our innovative brand new events also to market the players rated in the Global Poker Index,’ Dreyfus stated in a press launch. ‘It’s great to have the support and passion of an industry frontrunner like United States Of America Sports, whose team shares our vision to ‘sportify’ poker. today’

In the event that You Build It…

In theory, Dreyfus’ reasons to transform poker into a game that will be marketed and digested on comparable lines to professional sports makes sense. Poker’s roots date back to long before many for the world’s favorite sports were created.

It stays to be seen whether poker fans enjoy watching the game as much as they enjoy playing it.

Poker’s Super Bowl occured earlier in the day this week, the World Series that is 46th of (WSOP) crowning its $7.68 million champ on Tuesday night. The ESPN broadcast attracted 1,105,000 million viewers, fine for poker but dismal for activities.

Here is a appearance during the other big four sports audiences in 2015:

Super Bowl: 114.5 million

World Series, Game 5: 17.2 million

NBA Finals, Game 6: 23.25 million

Stanley Cup, Game 6: 8 million

Going All-In

Dreyfus is not alone in believing that poker has the potential to become a sport that is attractive casual gamblers and even non-players.

Final July, he secured $4.9 million in capital from outside investors to market and build the GPL.

Additional capital will be raised from the selling of the 12 franchises, and then preferably solution product sales to tournaments.

One discussion that arrived up as of this year’s WSOP Main Event ended up being the thought of implementing a play clock. The GPL will play heads-up and six-handed matches with set time limits of 30 to 45 minutes per level to make the game more engaging for audiences.

Each hand is accompanied by an ‘action clock’ that will count straight down the player’s turn comparable to speed chess or perhaps the NBA.

Though terms of the partnership weren’t disclosed, it’s apparent USA TODAY Sports is also buying into Dreyfus’ blueprint. The media group will have to assign reporters, producers, and creatives that are digital protect the GPL headlines.

‘The Global Poker Index did more than other company to unify poker,’ USA TODAY Sports VP Jason Ford said. ‘we are looking forward to working together to create a 24/7 digital poker destination.’

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