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26th Февраль , 2020

World Series of Poker champ Joe McKeehen had a $7.68 million payday this week, the WSOP additionally helping the financials that are third-quarter 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 business to Caesars Interactive Entertainment, the World variety of Poker and several casinos Planet that is including Hollywood Harrah’s New Orleans, therefore 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 all of the news had been good, CAC also revealing that its web income from continuing operations ended up being simply $20.5 million, a 71 % drop year-on-year.
Caesars Acquisition’s CEO Mitch Garber had no qualms rotating the negatives into positives, saying his company remains ‘encouraged by the strong performance of our assets.’
The highlight of Q3 filing by CAC was once more its Caesars Interactive Entertainment (CIE) arm, 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 websites including Bingo Blitz, Slotomania, and Caesars Bingo.
‘Our Interactive Entertainment business continues to generate results that are outstanding mainly 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 game’s most well-known tournament concluding its 46th installment this week in Las Vegas.
In 2014, the November Nine suffered a drop that is rather considerable viewership on ESPN for the 2 times of protection. A total of 1.15 million people tuned set for the finale as Martin Jacobson outlasted Felix Stephensen and finisher that is third-place November Nine beginning big stack Jorryt Van Hoof.
The low score in comparison to 2013 when Ryan Reiss survived Jay that is amateur Farber credited to non-Americans playing three-handed, and also three players who competed in rather stoic manners.
In an effort to reignite interest and a larger television audience, ESPN and the WSOP included a third night of November Nine coverage in 2015, and it seemingly have at the minimum halted the downward trend in poker TV marketability.
Though Sunday’s first night did not split the Nielsen’s top 100 cable programs, its finale on Tuesday landed smack in the middle 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 desire to speak for ESPN, but we are pleased with what we see through the reviews,’ WSOP’s Seth Palansky told the Las Vegas Review-Journal. ‘This is probably a path forward.’
The WSOP got exactly what it was looking for compared to last year’s event: three Americans, an amateur underdog, and a rather talkative big stack by all accounts.
Of course, it didn’t get every thing it sought as having finisher that is 11th-place Negreanu reach the Niner would have paid enormous dividends.
McKeehen’s gigantic lead, beginning Tuesday night’s play having a a lot better than three-to-one chip advantage over Blumenfield and Beckley could have also disengaged some people who rightly assumed this thing ended up being very long over.
DFS stakeholder: New England Patriots owner Robert Kraft holds equity in DFS site DraftKings. (Image Kevin C. Cox / Getty NA)
Day-to-day fantasy sports (DFS) could soon be announced illegal at the level that is federal 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 a study into the company types of the industry’s biggest hitters, after DraftKings’ clients had reportedly been contacted by FBI agents and questioned about their interactions with all the company.
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.
The authors for the act created a carve-out for fantasy sports at the behest for the sports leagues, nevertheless the fantasy that is season-long of 2006 were some sort of far from DFS as it exists today.
In fact, certainly one of UIGEA’s authors, previous Republican Representative for Iowa Jim Leach, publicly denounced DFS a few weeks ago as a ‘cauldron of daily betting,’ and included that there was ‘no credible method fantasy sports betting can be described as not gambling.’
According to This new York Post’s supply, the DOJ is probably to come calmly to the exact same conclusion, and is expected to ‘take some action before the end of the year.’
Then only with a regulatory license if the source’s claims are accurate, it’s possible that the DOJ will declare the activity a gambling venture in the same bracket as sports betting, as Nevada has done, which could mean that only those states with the right to license sports betting, (which are Nevada, Delaware, Montana and Oregon), could theoretically allow their residents to engage in fantasy sports, and.
None of these states have managed online sports betting, however, because its illegal under the Wire Act, making DFS nowhere to go.
Meanwhile, those states that have legalized fantasy activities and declared it to not be a game f opportunity, 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, may also need to start thinking about their very own positions in the light of the opposition that is vocal to wagering.
Both Robert Kraft, who owns the New England Patriots, and Jerry Jones, owner regarding the Dallas Cowboys, both have equity in DraftKings, for example. The NFL strictly prohibits its workers, players and team owners from playing or promoting any style of gambling. Meanwhile, both the NBA and MLB have actually bought shares in fantasy recreations operators.
Today, DraftKings and FanDuel sued filed legal actions to challenge the judgment of this ny attorney general’s office that DFS is illegal in the state and that the 2 sites must stop their operations there.
DraftKings stated in its lawsuit that New York Attorney General Eric Schneiderman’s decision amounted to ‘strong-arm tactics’ that were ‘defying the guideline of law.’
Alexandre Dreyfus gained a vital partner in his quest to sportify poker, the businessman landing a cope with United States Of America TODAY Sports to cover their future Global Poker League. (Image: pokerlistings.com)
The Global Poker Index (GPI) and USA 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 business owner Alexandre Dreyfus in 2012 under his Mediarex sports and entertainment company, the GPI runs TheHendonMob.com, poker’s biggest database in the world, and is set to introduce the Global Poker League (GPL) in early 2016.
12 franchised teams spread throughout the world will encompass the GPL, players ranked in the top 1,000 of this GPI open to be drafted to the rosters that are five-person.
USA TODAY Sports, a worldwide leader in sports reporting, helps keep tabs on all the newest developments and results.
‘The partnership will provide an essential platform to showcase our innovative new events and also to market the players ranked in the Global Poker Index,’ Dreyfus stated in a press release. ‘It’s great to truly have the support and passion of an industry frontrunner like United States Of America Sports, whose team shares our vision to ‘sportify’ poker. today’
In theory, Dreyfus’ reasons why you should transform poker into a game that will be marketed and digested on comparable lines to professional sports makes sense that is perfect. Poker’s roots date back to long before many of the world’s favorite sports had been created.
It stays to be seen whether poker fans enjoy watching the overall game up to they enjoy playing it.
Poker’s Super Bowl was held earlier 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’s a appearance during 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
Dreyfus isn’t alone in thinking that poker has the potential to become a attractive sport for casual gamblers and even non-players.
Final July, he secured $4.9 million in money from outside investors to advertise and build the GPL.
Extra capital shall be raised through the selling of the 12 franchises, and then preferably ticket sales to tournaments.
One discussion that came up only at that year’s WSOP Main Event had been the thought of implementing a play clock. To result in 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 are combined with an ‘action clock’ that will count the player down’s turn similar 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 group will have to assign journalists, producers, and digital creatives to cover the GPL headlines.
‘The Global Poker Index has been doing more than any other company to unify poker,’ United States Of America sports VP Jason Ford said today. ‘we are excited to working together to create a 24/7 digital poker destination.’