No Deposit Bonus : SlotsLv casino currently is offering everyone a $22 no deposit bonus. New Players Only. Fully Cashable. USA and Canadian Players are welcome. Please see our SlotsLv review page for the no deposit bonus info. SlotsLv Review
Best USA Casino Bonus
Big Casino Bonus : All USA Players Welcome: Bovada Casino the #1 USA Online Casino offering all new signups a $3000 table game and slots bonus + weekly cash back. All new accounts qualify thru our link. No codes needed. For full bonus information please see our Bovada Bonus review.
Caesars Interactive Entertainment
Wednesday April 24,2013 : CAESARS TO SPIN OFF INTERACTIVE ARM
Move to be executed through new Caesars Growth Partners
The debt-burdened Las Vegas land gambling giant Caesars Entertainment,which reportedly has debts exceeding $24 billion, is to spin off its successful online division, Caesars Interactive Entertainment, to a new and separate company titled Caesars Growth Partners, the Wall Street Journal reported Tuesday.
The $2.3 billion new company, which will be helmed by CIE chief executive Mitch Garbers, will include Caesars Interactive along with Planet Hollywood casino in Las Vegas and the Horseshoe Baltimore casino, a 40 percent-owned construction project which Caesars is building in partnership with Rock Gaming.
Between 23 percent and 43 percent of the new corporate will be sold to Caesars' current owners.
Funding for the new company amounting to $500 million is to come from investment houses Apollo Global and TPG Capital.
The Wall Street Journal reported that the move is designed to better manage a heavy debt burden, and commented that some analysts are concerned that the gambling giant may be "underselling" some of its assets.
Caesars' owners Apollo Management and TPG Capital will pay about $250 million each for their portion of the assets, while existing stockholders can contribute up to an additional $700 million.
In a complicated structure, the new ownership of Growth Partners will be held by a holding company called Caesars Acquisition Company that is likely to be traded publicly, the Journal reports.
A Caesars spokesman said Tuesday that Caesars Growth Partners helps raise capital without diluting the value of the owners' shares, and enables the raising of capital without carrying the penalty of Caesars' significant debt.
"The transaction is an important step in our continuing efforts to improve the company's balance sheet and position ourselves to make strategic investments," Caesars chief executive Gary Loveman said in a statement.
Investors appeared to like the initiative, driving the share price up 27 percent,to close at $15.90.
According to analysts, the deal appears to value Caesars Internet business between $400 million and $650 million.
USA Online Gamblers. The Best Online Casino with the fastest payouts and highest bonus. Get your Exclusive Bovada Bonus Code now. Up to $4250 in free sign up bonuses. Dont miss out on this limited time special offer.Online Poker, Online Casino and Online SPorts betting all included in this exclusive Bovada Bonus.
Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
Please Note : Gambing might not be legal in your area. We bring you www.recentpoker.com as an information and gambling news site only. We hope that you find all the information and gambling news found in www.recentpoker.com to your liking. Please tell your friends about us and visit us again soon.