- Genius Sports is the exclusive distributor of official NFL data and live video streams to sportsbooks
- Caesars Sportsbook becomes the first United States sportsbook to stream live NFL Watch & Bet video on mobile phones and tablets
- Includes select regular season and post season games each week
The National Football League (“NFL”) and Genius Sports Limited (“Genius Sports”), today announced an expansion of their partnership to connect fans with live, select NFL games through major U.S. sports betting platforms. As part of this expanded agreement and as an added benefit of its standing as an Official Sports Betting Partner and the first Official Casino Sponsor of the NFL, Caesars Entertainment (“Caesars”), one of the largest casino-entertainment companies in the United States, will become the first sportsbook operator to provide its U.S. customers with live Watch & Bet video streams for select NFL games on their mobile phones or tablets via the Caesars Sportsbook app.
Genius Sports will leverage its machine learning and live streaming technologies to power enhanced viewing experiences for NFL fans through Watch & Bet, and the development of its augmented live video betting products.
The NFL appointed Genius Sports in April 2021 as its exclusive worldwide distributor of real-time official play-by-play statistics, proprietary Next Gen Stats (NGS) data, and the League’s official sports betting data feed to media companies and sportsbooks in regulated markets. This partnership included the rights for Genius Sports to distribute low latency video feeds to sportsbooks in key international markets, which has now been expanded to include the U.S.
As a first of its kind in the U.S., Caesars Sportsbook will offer official data-driven in-game betting opportunities and player props alongside live video streams of NFL games to give their customers access to the most compelling in-play NFL betting experience available for mobile and tablets. In addition, Caesars Sportsbook will utilize official NFL league and team marks and logos to help promote their live premium content through a fully immersive Watch & Bet live wagering experience.
“The addition of live Watch & Bet video streaming brings the best that the NFL has to offer right into the Caesars Sportsbook app,” said Eric Hession, President of Caesars Digital. “Delivering innovative technology like this remains a key emphasis for us, so being the first U.S. sportsbook to provide customers with in-app NFL live streaming isn’t something we take lightly. We’re thankful to bring an industry-leading new feature to our sports wagering app through our partnership with Genius Sports and the NFL.”
”We’re excited to offer fans a new way to experience and engage with NFL content,” said Brent Lawton, VP NFL Media Strategy and Business Development. “Watch and Bet is an innovative step forward in our partnerships with Genius Sports and Caesars.”
“In our expanded agreement with the NFL and Caesars Entertainment, Genius Sports has created a unique solution that combines our exclusive official NFL data with live streaming content to deliver the most compelling sports betting experience available across the U.S.,” said Mark Locke, CEO of Genius Sports. “Accelerated by our long-term NFL partnership, Genius Sports continues to go from strength to strength as our innovative products enable our customers to grow their product offering and increase market share across North America.”
Genius Sports’ existing agreement with Caesars provides highly targeted programmatic marketing solutions as well as access to official data-powered in-play content for other top-tier US and global sports, including NASCAR, EPL, Argentinian and Colombian soccer, as well as Liga MX.
Caesars Sportsbook Opens at Red Mile Gaming & Racing in Lexington
Caesars Entertainment, in partnership with Keeneland and Red Mile Gaming & Racing, celebrated the grand opening of Caesars Sportsbook at Red Mile last Thursday. The more than 4600-square-foot sportsbook in Lexington is the only retail sportsbook in Central Kentucky. Governor Andy Beshear placed the ceremonial first bet alongside Chairman Jonathan Rabinowitz of the Kentucky Horse Racing Commission, Caesars, Keeneland, and Red Mile representatives.
“Caesars Sportsbook at Red Mile brings a premier in-person sportsbook to an iconic Kentucky destination. We’re proud to partner with Keeneland and Red Mile to bring in-person sports wagering to life in a way that honors the important legacy they hold in the Bluegrass State. Sports fans and horse racing fans should expect an experience that treats them like royalty, similar to what they’ve enjoyed at our world-class destinations in the region,” Eric Hession, President of Caesars Digital, said.
“Red Mile and Keeneland have prepared a premium space dedicated to sports wagering. We believe Caesars will provide excitement with their sports wagering product that exceeds expectations, and we are excited to invite the public out for the full experience. We hope guests will also take a moment to experience live harness racing, gaming, and great food and beverage while they are with us,” Shannon Cobb, Chief Financial Officer and Chief Operating Officer at Red Mile, said.
“Keeneland is excited to team with Caesars and Red Mile, both of whom share our commitment to providing a quality fan experience. Sports wagering offers great potential for horse racing to reach new audiences, and we value Caesars demonstrated support of the sport nationwide,” Shannon Arvin, President and Chief Executive Officer at Keeneland, said.
Open seven days a week from 10 am to midnight, Caesars Sportsbook at Red Mile is a state-of-the-art Vegas-style sportsbook featuring five betting windows and an elevated bar area complete with wall-to-wall flatscreen televisions on the first floor and 14 self-service betting kiosks throughout the gaming floor and simulcasting areas. The second level of the venue includes an elevated atmosphere with a variety of comfortable seating arrangements for larger sporting events, views of the racetrack, and full food & beverage service throughout the space.
Caesars Entertainment’s partnership with Keeneland and Red Mile Gaming & Racing reinforces the Company’s commitment to horse racing and the expansion of the Caesars Racebook app, which is live in 17 states, including Kentucky. With mobile sports wagering launching in Kentucky on September 28, sports fans 21 and older can download the Caesars Sportsbook app on iOS and Android, visit caesars.com/sportsbook on desktop, or stop by Caesars Sportsbook at Red Mile to register and take advantage of a special early deposit offer when depositing between September 7 and 27.
Caesars Sportsbook Launches for Registration in Kentucky
Mobile sports betting is coming to Kentucky, and Caesars Entertainment announced that its flagship sports wagering app, Caesars Sportsbook, is now available for download and registration. Sports fans who want to prepare for the launch of mobile sports wagering can download the Caesars Sportsbook app on iOS and Android or visit caesars.com/sportsbook on desktop to register and take advantage of a special early deposit offer when depositing between September 7 and 27.
“Launching Caesars Sportsbook for pre-registration in Kentucky is an exciting step as we prepare to bring customers in the Commonwealth a sports wagering experience that treats them like royalty this fall. Whether in-person at our conveniently located sportsbook at Red Mile Gaming & Racing in Lexington that will take its first bets on September 7, or on mobile devices anywhere in the state from Pikeville to Paducah, Caesars Sportsbook will allow fans to engage with their favorite sports and teams through an array of wagering options,” Eric Hession, President of Caesars Digital, said.
The Caesars Sportsbook app offers an unmatched sports wagering experience where customers can enjoy a variety of deposit options, quick payouts, and user-friendly features that make betting easy and fun. In addition, Caesars Sportsbook features lightning-fast scoreboards, livestreaming of marquee sporting events, and expanded in-play betting options, including live same-game parlays, and next-play and player prop markets.
New customers in Kentucky are eligible for a special offer when they register and deposit early, including registering using promo code CZRKY, depositing $20 or more between September 7 and 27, and receiving $100 in Bonus Bets (one $25 bet on the day mobile wagering goes live and three subsequent $25 Bonus Bets every week thereafter).
In addition to the Caesars Sportsbook app, Caesars previously announced plans for a retail sportsbook at Red Mile Gaming & Racing in Lexington, which is set to open and accept its first sports bets on Thursday, September 7. The Company’s partnerships with both Red Mile and Keeneland further reinforce Caesars’ commitment to horse racing and the continuous expansion of the Caesars Racebook app, which is live in 17 states, including Kentucky.
When sports betting launches in the Bluegrass State, Kentucky sports fans can enjoy mobile sports betting tied to unmatched rewards via the industry-leading customer loyalty program, Caesars Rewards. Every wager placed in-person or via the Caesars Sportsbook mobile app earns Tier Credits that contribute to status and Reward Credits that can result in extraordinary Caesars Rewards experiences, discounted getaways at various Caesars destinations across the US, bonus cash in the Caesars Sportsbook app, and world-class culinary experiences.
Caesars Entertainment Reports Second Quarter 2023 Results
Caesars Entertainment has reported operating results for the second quarter ended June 30, 2023.
Second Quarter 2023 and Recent Highlights:
- GAAP net revenues of $2.9 billion versus $2.8 billion for the comparable prior-year period.
- GAAP net income of $920 million compared to net loss of $123 million for the comparable prior-year period, with the increase primarily driven by a release of $940 million of valuation allowance against deferred tax assets associated with REIT leases.
- Same-store Adjusted EBITDA of $1.0 billion versus $978 million for the comparable prior-year period.
- Same-store Adjusted EBITDA, excluding Caesars Digital segment, of $996 million versus $1.0 billion for the comparable prior-year period.
- Caesars Digital same-store Adjusted EBITDA of $11 million versus $(69) million for the comparable prior-year period.
Tom Reeg, CEO of Caesars Entertainment, said: “The second quarter of 2023 reflected continued strength in our business. Demand remains strong in both Las Vegas and our regional markets. Caesars Digital posted its first quarter of positive adjusted EBITDA since our rebranding to Caesars Sportsbook in the third quarter of 2021. Our capital investments are generating stronger than expected returns based on recent new property openings.”
Bret Yunker, Chief Financial Officer of Caesars Entertainment, said: “On July 17th we permanently repaid the $250.0 million Baltimore Term Loan, priced at SOFR plus 4.0%, due July 2024, following our acquisition of the remaining 24% equity ownership in the property. Total net leverage under our bank credit facility was 4.2x as of June 30, 2023, and we expect to continue reducing debt and leverage in the second half of 2023.”
- Vezbi Super App Announces, ‘Andale Pay’ International Remittance Service Launching in Over 300k Locations Throughout Latin America
- Galaxy Gaming® to Showcase Electrifying Content and Technology Global Gaming Expo 2023
- Austrian win2day launched Fennica Gaming’s eInstants that appeal to female and younger adults
- How to Win Blackjack Online: 5 Secrets from Experienced Gamblers
- BET99 selects GeoComply as its new geolocation provider in Ontario
- Hacksaw Gaming Strikes Content Agreement with NetBet Italy
- NetBet Italy and Hacksaw Gaming join forces in Italy
- Playsense Appoints Patty Toledo as Chief Partnerships Officer
- Canterbury: Sam Warburton and Mack Hansen Feature in New Roblox Metaverse Game
- Strive Gaming Names Tommaso Di Chio as Chief Legal and Compliance Officer
- Resorts Digital Gaming Partners with Enteractive to Boost Player Conversion and Reactivation in US Markets
- GameArt boosts partnership with Planetwin365 in Italy
- Betby.Games Enhanced with Launch of Cricket 2.0
- Light & Wonder Unveils Innovative Offerings at G2E 2023
- NFL Alters its Gambling Policy
Eastern Europe3 weeks ago
Incode Technologies and MaxBet Transform Player Onboarding with AI Identity Verification
Asia4 weeks ago
Kazakhstan President Directs Govt Agencies to Limit Gambling for Certain Individuals
Balkans4 weeks ago
EGT Digital Partners with ELITBET.bg
Compliance Updates4 weeks ago
GLI Becomes First Laboratory Accredited in the State of Paraná, Brazil
Baltics4 weeks ago
IGT Enhances iLottery in Lithuania with Remote Game Server and Compelling eInstants
Argentina4 weeks ago
PRAGMATIC PLAY GOES LIVE WITH BETWARRIOR MENDOZA IN ARGENTINA
Australia3 weeks ago
Tabcorp: Tax Treatment Resolved for Various Licences
Eastern Europe4 weeks ago
7777 gaming powers the newly launched website in Romania Win2