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Caesars Entertainment NJ Advisory Notice

Sunday December 8,2013 :  MOUNTAIN OUT OF A MOLEHILL?
Concerns over Caesar's "cannibalism" warning assuaged.
A standard stock exchange legal caveat made by a US gambling group launching in New Jersey's new online gambling market was seized upon and blown out of all proportion by the mainstream media this week, but has now been put into perspective.
Caesars Entertainment filed a standard advisory notice with the SEC advising:
“Online gaming may reduce customer visitation and spending in our traditional casinos in Nevada and New Jersey, which could have an adverse impact on our business and operations. Our Atlantic City properties may be further impacted because all casino games will be permitted online.”
Gary Thompson, a Caesars spokesman, put the advisory into perspective late in the week, explaining that it was standard procedure and was included among other possible risk factors to investors for purely legal reasons.
Other general and typical "risk factors" that the company was required to list included another economic downturn, a terrorist attack, or war, Thompson told the Associated Press news agency.
"While it's a legal requirement to include language such as this among potential risk factors, our experience has been that opening new channels to reach potential new customers and offer them the benefits of our Total Rewards program has not caused visitation declines," Thompson noted.
Land operators like Caesars are in a position to offer online punters a wider range of inducements and promotions than is typical in the industry, AP points out, advising that Atlantic City casinos have already been offering comps to new online players, such as free hotel rooms, meals or show tickets to get them to visit the brick-and-mortar operation as well.
The publication Atlantic City Insiders suggests that players can maximise their opportunities at earning casino comps by picking one casino and staying with it.

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Gambling News :

William Hill Chairman Not Stepping Down - There are no plans for Gareth to step down. He is leading the CEO search process, which is well advanced, and is working with Philip Bowcock to deliver the key priorities for the business.

Canadian Lottery Looking at Online Gambling - The reaction of other provinces is not known, but the Newfoundland and Labrador government was apparently less than enthusiastic about the prospect, which it did not regard as a priority.

Red Riding Hood Online Slot Launched - The game, which has already attracted much preview interest, is part of the developers Fairytale Legends series, which the company plans to expand with further titles in 2017.

Super Heroes Slot Launches - When the feature is triggered, two of the heroes appear on each side of the screen to boost winnings. During free spins, heroes are triggered on every spin, with their super powers growing stronger each time.

SIS Stream To Deliver racing games to online customers - Online and retail betting industry provider SIS has signed a multi-year deal that harnesses the power of its SIS Stream product to deliver 49s-branded racing games to online customers.

Playngo in Deal With Betclic Everest Group - Swedish online gambling games developer Play’n GO has signed an agreement with the Betclic Everest Group that will see its full suite of games rolled out across the French group’s online casino brands.

2016 Italian Poker Tour main event in Malta - After besting a field of 775, many of them respected aces, Austrian poker pro Ismael Bojang claimed the main prize of Euro 101,940 over the weekend in the eighth edition of the Euro 1,100 buy-in Italian Poker Tour main event in Malta.

Betradar in Deal with OPAP - Sports betting data and analytics provider Betradar has inked a live betting supply deal with the major Greek licensed retail and online gambling operator OPAP.

2016 888poker Make It Big Tournament - A relatively unknown Hong Kong poker player, Ka Him Li (21), claimed victory after a two-way chop in the main event at the inaugural 888poker “Make It Big” live poker festival at the Aspers Casino in London over the weekend, earning the top prize of GBP 45,300.

Lightning Box Games in deal with WIlliam Hill - Sydney-based slot design specialist Lightning Box Games has signed an agreement to supply its content to William Hill’s licensed betting offices in the UK.

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