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 outcomes are mixed.
The moms and dad company to Caesars Interactive Entertainment, the planet group of Poker and a few casinos including Planet Hollywood, Harrah’s New Orleans, plus the Horseshoe Baltimore, CAC reported total new profits jumped to $601.2 million in the three months ended September 30, a rise of nearly 24 per cent.
Not most of the news ended up being good, CAC also revealing that its net income from continuing operations ended up being 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 company 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) 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 along with Caesars Palace Las Vegas and lots of gaming that is social including Bingo Blitz, Slotomania, and Caesars Bingo.
‘Our Interactive Entertainment business continues to create outstanding outcomes, primarily from our market leading social and mobile games company,’ Garber stated.
Another bright spot in that unit is of course the World Series of Poker, the overall game’s most well-known tournament concluding its 46th installment this week in Las Vegas.
World Series of Poker Holds
In 2014, the November Nine suffered a drop that is rather considerable viewership on ESPN for the two days of coverage. 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 when compared with 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 downward trend in poker TV marketability.
Though Sunday’s first night didn’t break 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’re pleased with what we see through the ranks,’ WSOP’s Seth Palansky told the Las Vegas Review-Journal. ‘This is probably a path forward.’
By all accounts, the WSOP got just what it was searching for compared to last year’s event: three Americans, an amateur underdog, and a fairly talkative big stack.
Needless to say, it didn’t get every thing it sought as having finisher that is 11th-place Negreanu reach the Niner might have paid enormous dividends.
McKeehen’s gigantic lead, starting Tuesday night of play by having a much better than three-to-one chip advantage over Blumenfield and Beckley may have also disengaged some watchers who rightly assumed this thing was long over.
DFS Could be Outlawed By DOJ By End of Year As Rumors Swirl
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 announced illegal during the level that is federal the Department of Justice (DOJ), based on a Washington DC-based unnamed source who spoke to The New York Post this week.
In mid-October, it absolutely was reported by The Wall Street Journal that the DoJ had begun a study into the business types of the industry’s biggest hitters, after DraftKings’ customers had reportedly been contacted by FBI agents and questioned about the company to their interactions.
The investigation is likely to center around the question that is legal of DFS is exempt, as it claims, from the Unlawful Web Gambling Enforcement Act (UIGEA) of 2006.
‘Cauldron of Constant Betting’
The authors regarding the act developed a carve-out for fantasy sports at the behest associated with sports leagues, but the fantasy that is season-long of 2006 were a world away from DFS as it exists today.
In reality, one of UIGEA’s authors, previous Republican Representative for Iowa Jim Leach, publicly denounced DFS not long ago as a ‘cauldron of daily betting,’ and included that there was ‘no credible way dream sports betting can be defined as not gambling.’
According to This new York Post’s supply, the DOJ is probably to come to the conclusion that is same and it is anticipated to ‘take some action ahead of the end of the season.’
All Dressed Up and Nowhere to Get
In the event that source’s claims are accurate, it’s feasible that the DOJ will declare the activity a gambling venture in identical bracket as activities betting, as Nevada has done, which could suggest that only those states with the best to license sports gambling, (which are Nevada, Delaware, Montana and Oregon), could theoretically allow their residents to take part in dream activities, then just with a regulatory permit.
None of these states have managed online sports betting, but, because its illegal under the Wire Act, making DFS nowhere to go.
Meanwhile, those states which have legalized fantasy sports and declared it to not be a game f possibility, 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 even have to consider their own positions in the light of their opposition that is vocal to betting.
New York Lawsuit
Both Robert Kraft, whom owns the New England Patriots, and Jerry Jones, owner of this Dallas Cowboys, both have equity in DraftKings, for instance. The NFL strictly prohibits its workers, players and team owners from participating in or promoting any form of gambling. Meanwhile, both the NBA and MLB have bought shares in fantasy recreations operators.
Today, DraftKings and FanDuel sued filed legal actions to challenge the judgment associated with nyc attorney general’s office that DFS is illegal in the state and that the 2 sites must stop their operations there.
DraftKings said in its lawsuit that New York Attorney General Eric Schneiderman’s decision amounted to ‘strong-arm tactics’ that have been ‘defying the guideline of law.’
International Poker Index and USA Sports Partner to ‘Sportify’ Game today
Alexandre Dreyfus gained a partner that is vital their quest to sportify poker, the businessman landing a cope with USA TODAY Sports to cover his upcoming Global Poker League. (Image: pokerlistings.com)
The worldwide 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 online business owner Alexandre Dreyfus in 2012 under his Mediarex sports and entertainment company, the GPI runs TheHendonMob.com, poker’s database that is largest within the world, and is set to launch the Global Poker League (GPL) in very early 2016.
12 franchised groups spread across the world will encompass the GPL, players rated within the top 1,000 associated with GPI open to be drafted to the five-person rosters.
United States Of America TODAY Sports, a leader that is global sports reporting, may help keep tabs on all the latest developments and results.
‘The partnership provides a platform that is essential showcase our innovative new events also to market the players rated into the worldwide Poker Index,’ Dreyfus stated in a press launch. ‘It’s great to truly have the support and passion of an industry leader like USA Sports, whose team shares our vision to ‘sportify’ poker. today’
If You Build It…
In theory, Dreyfus’ reasons to transform poker into a game that may be marketed and digested on comparable lines to professional sports makes sense that is perfect. Poker’s roots date straight 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 occured early in the day this week, the 46th World Series of Poker (WSOP) crowning its $7.68 million champ on Tuesday night. The ESPN broadcast attracted 1,105,000 million viewers, fine for poker but dismal for recreations.
Here is 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 sport that is attractive casual gamblers and even non-players.
Last July, he secured $4.9 million in funding from outside investors to market and build the GPL.
Extra capital will be raised through the selling of the 12 franchises, and then preferably solution product sales to tournaments.
One discussion that came up at this year’s WSOP Main Event ended up being 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 degree.
Each hand is going to be followed closely by an ‘action clock’ that will count down the player’s turn comparable to speed chess or perhaps the NBA.
Though terms of the partnership weren’t disclosed, it’s apparent USA Sports is also buying into Dreyfus’ blueprint today. The media group will need to assign journalists, manufacturers, and digital creatives to protect the GPL headlines.
‘The Global Poker Index has been doing more than just about any company to unify poker,’ United States Of America sports VP Jason Ford said today. ‘We’re anticipating to working together to create a 24/7 digital poker destination.’