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CAESARS $1.18 BILLION ONLINE GAMBLING SHARES SALE

CAESARS $1.18 BILLION ONLINE GAMBLING SHARES SALE
 
October 17 will see investors given the opportunity to buy into the burgeoning US online gambling business.
 
Caesars Entertainment Corp. has set October 17 as the record date for rights to participate in a planned $1.18 billion stock sale that will include an interest in its burgeoning online gambling business, the Reuters news agency reported Friday.
 
On that date investors will be given the right to buy one share of Caesars Acquisition Co. for each share of the parent company they own.
 
The new company will be part owner, with Caesars, of a business dubbed Caesars Growth Partners that will be home to the company’s interactive gaming and two casinos.
 
Caesars Entertainment has a debt burden of over $23 billion after a 2008 leveraged buyout, and is raising the money for projects such as online gaming and new land casinos.
 
Reuters reports that in the past week, the company refinanced $4.9 billion in mortgage-backed securities and other debt, while raising $200 million in a stock offering.
 
Caesars is controlled by TPG Capital and Apollo Global Management LLC; the stock was priced at $20.67 in New York Thursday, and has almost tripled in value this year.



Gambling News :

Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

Advantages of online slots over slot machines - The rise of online casinos means that players no longer have to leave their own house to play casino games.

Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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