aaron • February 26, 2020 • Comments Off on Caesars States 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 financials that are third-quarter Caesars.
Caesars Acquisition Company (CAC), the investment arm in Caesars Growth Partners (CGP), released its third quarter revenues for 2015 and the outcomes are mixed.
The moms and dad company to Caesars Interactive Entertainment, the World group of Poker and several casinos including Planet Hollywood, Harrah’s New Orleans, while the Horseshoe Baltimore, CAC reported total new profits jumped to $601.2 million into the three months ended September 30, a growth of almost 24 per cent.
Not most of the news had been good, CAC also revealing that its net income from continuing operations was simply $20.5 million, a 71 per cent drop year-on-year.
Caesars Acquisition’s CEO Mitch Garber had no qualms spinning the negatives into positives, saying their company remains ‘encouraged by the strong performance of our assets.’
The highlight of Q3 filing by CAC was once 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 gaming that is social including Bingo Blitz, Slotomania, and Caesars Bingo.
‘Our Interactive Entertainment business continues to build outstanding results, primarily from our market leading social and mobile games company,’ Garber stated.
Another bright spot in that unit is of course the World Series of Poker, the overall game’s most famous tournament concluding its 46th installment this week in Las Vegas.
In 2014, the November Nine suffered a rather considerable fall in viewership on ESPN for the two times of protection. A total of 1.15 million people tuned set for the finale as Martin Jacobson outlasted Felix Stephensen and finisher that is third-place November Nine start big stack Jorryt Van Hoof.
The low rating when compared with 2013 when Ryan Reiss survived Jay that is amateur Farber credited to non-Americans playing three-handed, and also three players whom competed in rather stoic manners.
In an effort to reignite interest and a bigger television audience, ESPN and the WSOP added a third night of November Nine coverage in 2015, and it seems to have at least halted the trend that is downward poker TV marketability.
Though Sunday’s first night don’t crack 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 commanding chip leader Joe McKeehen fend off Josh Beckley and amateur Neil Blumenfield.
‘ I do not want to speak for ESPN, but we are pleased with exactly what we see from the reviews,’ WSOP’s Seth Palansky told the Las Vegas Review-Journal. ‘This is most likely 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.
Needless to say, it didn’t get every thing it sought as having 11th-place finisher Daniel 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 may have additionally disengaged some audiences who rightly assumed this thing ended up being very long over.
DFS stakeholder: New England Patriots owner Robert Kraft holds equity in DFS web site DraftKings. (Image Kevin C. Cox / Getty NA)
Day-to-day fantasy sports (DFS) could soon be announced illegal during 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 was reported by The Wall Street Journal that the DoJ had begun a study into the company models 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 probably to center around the legal question of whether DFS is exempt, as it claims, from the Unlawful Internet Gambling Enforcement Act (UIGEA) of 2006.
The authors associated with act developed a carve-out for fantasy sports at the behest of the sports leagues, nevertheless the season-long fantasy sports of 2006 were some sort of away from DFS as it exists today.
In fact, certainly one of UIGEA’s authors, 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 serves as a not gambling.’
In accordance with the brand new York Post’s supply, the DOJ is likely to come to the same conclusion, and it is likely to ‘take some action ahead of the end of the entire year.’
If the source’s claims are accurate, it’s feasible that the DOJ will declare the activity a gambling endeavor in identical bracket as sports betting, as Nevada has done, which could suggest that only those states with the right to license sports wagering, (which are Nevada, Delaware, Montana and Oregon), could theoretically allow their residents to take part in dream recreations, after which just by having a regulatory permit.
None of these states have managed online sports wagering, but, because its illegal under the Wire Act, making DFS nowhere to go.
Meanwhile, those states which have legalized fantasy activities and declared it to not be a game f chance, such as Kansas did earlier this may have to rethink their stance year.
The major sports leagues, a lot of whom are stakeholders within the DFS industry, will also have to consider their own positions in the light of these opposition that is vocal to betting.
Both Robert Kraft, whom owns the New England Patriots, and Jerry Jones, owner associated with the Dallas Cowboys, both have equity in DraftKings, for example. The NFL strictly forbids its employees, players and group owners from taking part in or marketing any form of gambling. Meanwhile, both the NBA and MLB have bought shares in fantasy activities operators.
Today, DraftKings and FanDuel sued filed legal actions to challenge the judgment associated with nyc 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 decision amounted to ‘strong-arm tactics’ that were ‘defying the rule of law.’
Alexandre Dreyfus gained a vital partner in his quest to sportify poker, the businessman landing a cope with United States Of America TODAY Sports to cover their future Global Poker League. (Image: pokerlistings.com)
The worldwide Poker Index (GPI) and United States Of America TODAY Sports Media Group are joining strengths in a shared mission to ‘sportify’ the game of poker and revolutionize how it’s played.
Acquired by online entrepreneur Alexandre Dreyfus in 2012 under his Mediarex sports and entertainment company, the GPI runs TheHendonMob.com, poker’s largest database into the world, and is set to introduce the Global Poker League (GPL) in very early 2016.
12 franchised groups distribute around the globe will encompass the GPL, players rated into the top 1,000 of this GPI open to be drafted to the five-person rosters.
United States Of America TODAY Sports, a international frontrunner in sports reporting, may help keep tabs on all the latest developments and results.
‘The partnership will provide a platform that is essential showcase our innovative new events also to promote the players rated into the Global Poker Index,’ Dreyfus stated in a press release. ‘It’s great to truly have the support and passion of an industry leader like United States Of America Sports, whose team shares our vision to ‘sportify’ poker. today’
In theory, Dreyfus’ reasons to transform poker into a game that can be marketed and digested on similar lines to professional sports makes sense. Poker’s origins date straight back to long before many for the world’s favorite sports were created.
It remains to be seen whether poker fans enjoy watching the overall game just as much as they enjoy playing it.
Poker’s Super Bowl occured earlier this week, the World Series that is 46th of (WSOP) crowning its $7.68 million champion on Tuesday night. The ESPN broadcast attracted 1,105,000 million viewers, fine for poker but dismal for recreations.
Here’s a look at 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
Dreyfus isn’t alone in thinking 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 funding from outside investors to advertise and build the GPL.
Additional capital shall be raised through the selling of the 12 franchises, and then ideally admission sales to tournaments.
One discussion that arrived up as of this year’s WSOP Main Event had been 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 will be followed by an ‘action clock’ that will count down the player’s turn similar to speed chess or perhaps the NBA.
Though terms of the partnership weren’t disclosed, it’s apparent USA Sports is also buying into Dreyfus’ blueprint today. The media team will have to assign journalists, manufacturers, and creatives that are digital cover the GPL headlines.
‘The Global Poker Index has done more than virtually any company to unify poker,’ United States Of America sports VP Jason Ford said today. ‘We’re excited to working together to create a 24/7 digital poker destination.’