LAS VEGAS, Sept. 6, 2018 /PRNewswire/ -- Caesars
Entertainment Corporation (NASDAQ: CZR) ("Caesars") announced that
it's taking mobile sports bets today, September 6th, in New
Jersey via The Caesars Casino & Sports app which is
available through the App Store and on CaesarsCasino.com for
Android users. This move allows anyone in NJ who downloads the app
to place bets on their favorite sporting events, including
professional football whose season kicks off today. They can also
play over 400 casino games including slots, table games, and video
poker.
"Since New Jersey decided to allow mobile sports betting, we
have been working diligently to create the most engaging and fun
mobile platform which provides users with the ability to place bets
on their favorite sporting events," said Mark Frissora, CEO and President of Caesars
Entertainment. "Players have the opportunity to earn and redeem
rewards points through our Total Rewards loyalty program, which
they can redeem for memorable experiences inside our world-class
resorts. This launch further solidifies our investment into this
exciting space."
Caesars is the leader in legalized gaming in the U.S. and a part
of that success has come through our partnership with technology
innovator, Scientific Games. Scientific Games, a leading partner to
the world's most powerful iGaming, iLottery and Sports Betting
brands will power the Caesars Casinos & Sports mobile app. Its
OpenBet technology provides Caesars' players with intuitive
and sleek solutions, enhancing the sports betting experience
through the mobile app and at Bally's, Wild Wild West and Harrah's
Atlantic City.
Partnerships like this allow Caesars Entertainment to generate a
seamless and fun experience for the end-user while also preserving
shareholder value.
The Caesars Casino & Sports app is available through the App
Store and on Caesars website for Android users. Caesars'
mobile sports betting offering is integrated with Total Rewards.
More information on Total Rewards, including how to become a
member, can be found at www.TotalRewards.com. Tri-state area gaming
customers can access the mobile application in the state of New
Jersey. Wagers can be placed in the app via VISA, MasterCard,
Paypal and select other forms of payment.
Following the Supreme Court's PASPA ruling and receipt of
regulatory approvals, Caesars began taking sports bets at two of
its New Jersey properties as well
as its two Mississippi properties.
As part of its sports betting growth strategy, Caesars plans to
introduce retail locations and expand its mobile offerings in
additional states when and if it becomes legal and economically
attractive for Caesars to do so.
About Caesars Entertainment Corporation
Caesars Entertainment is the world's most diversified
casino-entertainment provider and the most geographically diverse
U.S. casino-entertainment company. Since its beginning in
Reno, Nevada, in 1937, Caesars
Entertainment has grown through development of new resorts,
expansions and acquisitions. Caesars Entertainment's resorts
operate primarily under the Caesars®, Harrah's® and Horseshoe®
brand names. Caesars Entertainment's portfolio also includes the
Caesars Entertainment UK family of casinos. Caesars Entertainment
is focused on building loyalty and value with its guests through a
unique combination of great service, excellent products,
unsurpassed distribution, operational excellence and technology
leadership. Caesars Entertainment is committed to environmental
sustainability and energy conservation and recognizes the
importance of being a responsible steward of the environment. For
more information, please visit www.caesars.com.
Forward-Looking Statements
This release includes "forward-looking statements" intended to
qualify for the safe harbor from liability established by the
Private Securities Litigation Reform Act of 1995. You can identify
these statements by the fact that they do not relate strictly to
historical or current facts. These forward-looking statements are
based on current expectations about future events. Further, these
statements contain words such as "will" or the negative or
other variations thereof or comparable terminology. In particular,
they include statements relating to Caesars' introduction of sports
betting in New Jersey and Caesars'
plans and strategy with respect to the sports betting opportunity
in the United States.
Investors are cautioned that forward-looking statements are not
guarantees of future performance or results and involve risks and
uncertainties that cannot be predicted or quantified, and,
consequently, the actual performance of Caesars
Entertainment may differ materially from those expressed or
implied by such forward-looking statements. Such risks and
uncertainties include, but are not limited to, the following
factors, and other factors described from time to time
in Caesars Entertainment's reports filed with
the Securities and Exchange Commission (including the
sections entitled "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations"
contained therein):
- Caesars' ability to respond to changes in the industry,
particularly digital transformation, and to take advantage of the
opportunity for legalized sports betting in multiple jurisdictions
in the United States (which may
require third party arrangements and/or regulatory approvals);
- the effects of local and national economic, credit, and capital
market conditions on the economy, in general, and on the gaming
industry, in particular;
- the effect of reductions in consumer discretionary spending due
to economic downturns or other factors and changes in consumer
demands;
- the ability to take advantage of opportunities to grow Caesars'
revenue;
- the ability to effectively compete against Caesars'
competitors;
- the impact of Caesars' substantial indebtedness, including its
impact on Caesars' ability to raise additional capital in the
future and react to changes in the economy, and lease obligations
and the restrictions in Caesars' debt and lease agreements;
- the ability to access available and reasonable financing or
additional capital on a timely basis, and on acceptable terms or at
all, including Caesars' ability to refinance Caesars' indebtedness
on acceptable terms;
- the ability of Caesars' customer tracking, customer loyalty,
and yield management programs to continue to increase customer
loyalty and same-store or hotel sales;
- changes in the extensive governmental regulations to which
Caesars is subject, and (1) changes in laws, including increased
tax rates, smoking bans, regulations or accounting standards, (2)
third-party relations and (3) approvals, decisions, disciplines and
fines of courts, regulators and governmental bodies;
- compliance with the extensive laws and regulations to which
Caesars is subject, including applicable gaming laws, the Foreign
Corrupt Practices Act and other anti-corruption laws, and the Bank
Secrecy Act and other anti-money laundering laws;
- abnormal gaming holds ("gaming hold" is the amount of money
that is retained by the casino from wagers by customers);
- the effects of competition, including locations of competitors,
growth of online gaming, competition for new licenses, and
operating and market competition;
- Caesars' ability to protect Caesars' intellectual property
rights and damages caused to Caesars' brands due to the
unauthorized use of Caesars' brand names by third parties in ways
outside of Caesars' control;
- acts of war or terrorist incidents (including the impact of the
recent mass shooting in Las Vegas
on tourism), severe weather conditions, uprisings, or natural
disasters, including losses therefrom, losses in revenues and
damage to property, and the impact of severe weather conditions on
Caesars' ability to attract customers to certain of Caesars'
facilities;
- a disruption, failure, or breach of Caesars' network,
information systems, or other technology, or those of Caesars'
vendors, on which Caesars is dependent;
- risks and costs associated with protecting the integrity and
security of internal, employee and customer data.
Any forward-looking statements are made pursuant to the Private
Securities Litigation Reform Act of 1995 and, as such, speak only
as of the date made. Caesars Entertainment disclaims any
obligation to update the forward-looking statements. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date stated or, if no date
is stated, as of the date of this release.
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SOURCE Caesars Entertainment Corporation