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 revenues for 2015 and the total outcomes are mixed.
The moms and dad company to Caesars Interactive Entertainment, the World group of Poker and several casinos Planet that is including Hollywood Harrah’s New Orleans, while the Horseshoe Baltimore, CAC reported total new profits jumped to $601.2 million within the three months finished September 30, a rise of almost 24 %.
Not most of the news was good, CAC also revealing that its net income from continuing operations had been just $20.5 million, a 71 per cent drop year-on-year.
Caesars Acquisition’s CEO Mitch Garber had no qualms spinning the negatives into positives, saying their organization remains ‘encouraged by the performance that is strong of assets.’
Interactive Stays Active
The highlight of Q3 filing by CAC was once again 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 many social gaming internet sites including Bingo Blitz, Slotomania, and Caesars Bingo.
‘Our Interactive Entertainment business continues to come up with outstanding outcomes, primarily from our market leading social and mobile games company,’ Garber said.
Another bright spot in that unit is of course the World Series of Poker, the overall game’s most well-known competition concluding its 46th installment this week in Las Vegas.
World Number of Poker Holds
In 2014, the November Nine suffered a drop that is rather considerable viewership on ESPN for the 2 days of protection. 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 low rating compared to 2013 when Ryan Reiss survived amateur Jay Farber ended up being 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 appears to have at the minimum halted the downward trend in poker TV marketability.
Though Sunday’s first night didn’t crack 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 commanding chip leader Joe McKeehen fend off Josh Beckley and amateur Neil Blumenfield.
‘ I don’t want to speak for ESPN, but we’re pleased with what we see from the ratings,’ WSOP’s Seth Palansky told the Las Vegas Review-Journal. ‘This is most likely a path ahead.’
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 everything 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 of play by having a much better than three-to-one chip advantage over Blumenfield and Beckley may have additionally disengaged some watchers who rightly assumed this thing was 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 web site DraftKings. (Image Kevin C. Cox / Getty NA)
Day-to-day fantasy sports (DFS) could soon be declared 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 was reported by The Wall Street Journal that the DoJ had begun an investigation into the company models 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 probable 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 Frequent Betting’
The authors associated with act created a carve-out for fantasy sports at the behest associated with sports leagues, however the season-long fantasy sports of 2006 were a world away from DFS as it exists today.
In fact, one of UIGEA’s writers, former 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 fantasy sports betting can be described as not gambling.’
In accordance with This new York Post’s supply, the DOJ is likely to come to the conclusion that is same and is anticipated to ‘take some action ahead of the end of the year.’
All Dressed Up and Nowhere to Go
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, nevertheless, because its illegal under the Wire Act, making DFS nowhere to go.
Meanwhile, those states which have legalized dream sports 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, a lot of whom are stakeholders within the DFS industry, may also need to consider their very own positions in the light of the opposition that is vocal to betting.
New York Lawsuit
Both Robert Kraft, whom owns the New England Patriots, and Jerry Jones, owner associated with the Dallas Cowboys, both have equity in DraftKings, as an example. The NFL strictly forbids its employees, players and group owners from participating in or marketing any style of gambling. Meanwhile, both the NBA and MLB have actually purchased shares in fantasy activities operators.
Today, DraftKings and FanDuel sued filed lawsuits to challenge the judgment for 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 decision amounted to ‘strong-arm tactics’ that have been ‘defying the rule of law.’
Global Poker Index and United States Of America Sports Partner to ‘Sportify’ Game today
Alexandre Dreyfus gained a vital partner in his 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 United States Of America TODAY Sports Media Group are joining strengths in a shared mission to ‘sportify’ the game of poker and revolutionize just how it’s played.
Acquired by Web entrepreneur Alexandre Dreyfus in 2012 under his Mediarex sports and entertainment company, the GPI runs TheHendonMob.com, poker’s database that is largest into the world, and is set to introduce the Global Poker League (GPL) in early 2016.
12 franchised groups distribute throughout the world will encompass the GPL, players rated in the top 1,000 associated with the GPI offered to be drafted to the rosters that are five-person.
United States Of America TODAY Sports, a global frontrunner in sports reporting, will help keep tabs on all the most recent developments and results.
‘The partnership will give you a platform that is essential showcase our innovative brand new events also to promote the players rated in the worldwide Poker Index,’ Dreyfus stated in a press release. ‘It’s great to truly have the support and passion of an industry frontrunner like USA Sports, whose team shares our vision to ‘sportify’ poker. today’
In the event that You Build It…
In theory, Dreyfus’ reasons why you should 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 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 game up to they enjoy playing it.
Poker’s Super Bowl occured earlier 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 activities.
Here’s a look 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
Going All-In
Dreyfus is not alone in thinking that poker has the possible to become a sport that is attractive casual gamblers and even non-players.
Final July, he secured $4.9 million in money from outside investors to promote and build the GPL.
Additional capital will be raised through the selling of the 12 franchises, and then preferably 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 limitations of 30 to 45 minutes per degree.
Each hand is going to be followed by an ‘action clock’ that will count down the player’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 team will need to assign reporters, manufacturers, and creatives that are digital protect the GPL headlines.
‘The Global Poker Index has been doing more than virtually any company to unify poker,’ United States Of America TODAY Sports VP Jason Ford said. ‘we are looking forward to working together to create a 24/7 digital poker destination.’
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