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Caesars States Mixed Third Quarter Results, WSOP TV Ratings Also Mixed

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 third-quarter financials for Caesars.

Caesars Acquisition Company (CAC), the investment arm in Caesars Growth Partners (CGP), released its third quarter profits for 2015 and the total results are mixed.

The moms and dad company to Caesars Interactive Entertainment, the planet variety of Poker and a few casinos including Planet Hollywood, Harrah’s New Orleans, while the Horseshoe Baltimore, CAC reported total new revenues jumped to $601.2 million within the three months finished September 30, an increase of almost 24 percent.

Not most of the news was positive, CAC also revealing that its web 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 rotating the negatives into positives, saying his organization remains ‘encouraged by the strong performance of our assets.’

Interactive Stays Active

The highlight of Q3 filing by CAC was once more 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 name along with Caesars Palace Las Vegas and lots of social gaming web sites including Bingo Blitz, Slotomania, and Caesars Bingo.

‘Our Interactive Entertainment business continues to build results that are outstanding primarily from our market leading social and mobile games business,’ Garber said.

Another bright spot in that unit is of course the World Series of Poker, the overall game’s most famous competition concluding its 46th installment this week in Las Vegas.

World Number of Poker Holds

In 2014, the November Nine suffered a rather considerable fall in viewership on ESPN for the 2 days of coverage. A total of 1.15 million people tuned in for the finale as Martin Jacobson outlasted Felix Stephensen and finisher that is third-place November Nine start big stack Jorryt Van Hoof.

The lower score in comparison to 2013 when Ryan Reiss survived amateur Jay Farber had been 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 larger television audience, ESPN and the WSOP included a 3rd night of November Nine coverage in 2015, and it seems to have at the minimum halted the trend that is downward poker TV marketability.

Though Sunday’s first night did not 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 chip that is commanding Joe McKeehen fend off Josh Beckley and amateur Neil Blumenfield.

‘ I do not want to speak for ESPN, but we’re pleased with what we see through the reviews,’ WSOP’s Seth Palansky told the Las Vegas Review-Journal. ‘This is probably a path forward.’

By all accounts, the WSOP got what it really ended up being searching for compared to last year’s occasion: three Americans, an amateur underdog, and a rather talkative big stack.

Of course, 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, beginning Tuesday night of play by having a a lot better than three-to-one chip advantage over Blumenfield and Beckley may have additionally disengaged some watchers who rightly assumed this thing ended up being very long over.

DFS Could be Outlawed By DOJ By End of as Rumors Swirl year

DFS stakeholder: New England Patriots owner Robert Kraft holds equity in DFS site DraftKings. (Image Kevin C. Cox / Getty NA)

Daily fantasy sports (DFS) could soon be declared illegal during the federal level by the Department of Justice (DOJ), according to 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 an investigation into the business 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 online Gambling Enforcement Act (UIGEA) of 2006.

‘Cauldron of Day-to-day Betting’

The authors regarding the act created a carve-out for fantasy sports at the behest for the sports leagues, however the fantasy that is season-long of 2006 were a world away from DFS as it exists today.

In reality, one of UIGEA’s writers, former Republican Representative for Iowa Jim Leach, publicly denounced DFS a few weeks ago as a ‘cauldron of daily betting,’ and added that there was ‘no credible method dream sports betting serves as a not gambling.’

According to the brand new York Post’s source, the DOJ is probably to come to the same conclusion, and is expected to ‘take some action ahead of the end of the year.’

All Dressed Up and Nowhere to Go

In the event that source’s claims are accurate, it’s possible that the DOJ will declare the activity a gambling venture in identical bracket as sports betting, as Nevada has done, which could suggest that only those states with the proper to license sports betting, (which are Nevada, Delaware, Montana and Oregon), could theoretically allow their residents to take part in dream activities, and then only by having a regulatory permit.

None of these states have regulated online sports gambling, but, because its illegal under the Wire Act, leaving DFS nowhere to go.

Meanwhile, those states that 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, lots of whom are stakeholders into the DFS industry, will also need certainly to think about their own positions in the light of the vocal opposition to sports betting.

New York Lawsuit

Both Robert Kraft, whom owns the New England Patriots, and Jerry Jones, owner of the Dallas Cowboys, both have equity in DraftKings, as an example. The NFL strictly prohibits its workers, players and team owners from playing or advertising any style of gambling. Meanwhile, both the NBA and MLB have actually bought shares in fantasy recreations operators.

Today, DraftKings and FanDuel sued filed lawsuits to challenge the judgment regarding the ny attorney general’s office that DFS is illegal in the state and that the two sites must cease their operations there.

DraftKings said in its lawsuit that New York Attorney General Eric Schneiderman’s choice amounted to ‘strong-arm tactics’ that were ‘defying the rule of law.’

Global Poker Index and United States Of America TODAY Sports Partner to ‘Sportify’ Game

Alexandre Dreyfus gained a partner that is vital his quest to sportify poker, the businessman landing a cope with United States Of America TODAY Sports to cover their upcoming 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 Internet entrepreneur Alexandre Dreyfus in 2012 under his Mediarex sports and entertainment company, the GPI runs TheHendonMob.com, poker’s database that is largest in the world, and is set to launch the Global Poker League (GPL) in very early 2016.

12 franchised groups spread all over the world will encompass the GPL, players rated into the top 1,000 for the GPI available to be drafted to the rosters that are five-person.

United States Of America TODAY Sports, a global leader in sports reporting, helps keep tabs on all the newest developments and results.

‘The partnership will provide a platform that is essential showcase our innovative new events and also to market the players ranked in the Global Poker Index,’ Dreyfus said in a press launch. ‘It’s great to truly have the support and passion of an industry leader like United States Of America TODAY Sports, whose group shares our vision to ‘sportify’ poker.’

In the event that You Build It…

In theory, Dreyfus’ reasons to transform poker into a game that will be marketed and digested on comparable lines to professional sports makes perfect sense. Poker’s origins date right back to long before many for the world’s favorite sports were created.

It remains to be seen whether poker fans enjoy watching the game up to they enjoy playing it.

Poker’s Super Bowl occured early in the day 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 activities.

Here is a appearance 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

Going All-In

Dreyfus isn’t alone in believing that poker has the potential to become a appealing sport for casual gamblers and even non-players.

Last July, he secured $4.9 million in capital from outside investors to advertise and build the GPL.

Extra capital shall be raised through the selling of the 12 franchises, and then ideally ticket product sales to tournaments.

One discussion that came up only at that year’s WSOP Main Event ended up being the notion of implementing a play clock. To make the game more engaging for audiences, the GPL will play heads-up and six-handed matches with set time limits of 30 to 45 minutes per level.

Each hand will likely be followed by an ‘action clock’ that will count straight down the player’s change comparable to speed chess or perhaps the NBA.

Though terms of the partnership weren’t disclosed, it’s apparent USA TODAY Sports is also buying into Dreyfus’ blueprint. The media team will have to assign reporters, producers, and digital creatives to protect the GPL headlines.

‘The Global Poker Index has been doing more than virtually any organization to unify poker,’ United States Of America TODAY Sports VP Jason Ford said. ‘We’re excited to working together to create a 24/7 digital poker location.’