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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.
Gambling News :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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