World Series of Poker champ Joe McKeehen had a $7.68 million payday this week, the WSOP also 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 parent business to Caesars Interactive Entertainment, the World variety of Poker and a few casinos Planet that is including Hollywood Harrah’s New Orleans, therefore the Horseshoe Baltimore, CAC reported total new revenues jumped to $601.2 million into the three months ended September 30, an increase of nearly 24 per cent.
Not all the news had been good, CAC also revealing that its income that is net from operations was simply $20.5 million, a 71 percent drop year-on-year.
Caesars Acquisition’s CEO Mitch Garber had no qualms spinning 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 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 along with Caesars Palace Las Vegas and many social gaming web sites including Bingo Blitz, Slotomania, and Caesars Bingo.
‘Our Interactive Entertainment business continues to generate results that are outstanding primarily from our market leading social and mobile games business,’ Garber stated.
Another bright spot in that division 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 Number of Poker Holds
In 2014, the November Nine suffered a rather considerable drop in viewership on ESPN for the 2 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 start big stack Jorryt Van Hoof.
The lower rating when compared with 2013 when Ryan Reiss survived Jay that is amateur Farber 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 added a third night of November Nine coverage in 2015, and it appears to have at the minimum halted the trend that is downward 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 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 don’t wish to speak for ESPN, but we’re pleased with just what we see from the ratings,’ WSOP’s Seth Palansky told the Las Vegas Review-Journal. ‘This is most likely a path forward.’
By all accounts, the WSOP got just what it was searching for compared to last year’s occasion: 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 could 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 might have additionally disengaged some viewers who rightly assumed this thing ended up being very 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)
Day-to-day 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 company 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 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 Everyday Betting’
The authors of the act developed a carve-out for fantasy sports at the behest regarding the sports leagues, nevertheless the fantasy that is season-long of 2006 were some sort of away from DFS as it exists today.
In fact, certainly 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 method dream sports betting can be defined as not gambling.’
Based on This new York Post’s source, the DOJ is likely to come quickly to the conclusion that is same and it is expected 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 regulated online sports wagering, nonetheless, because its illegal under the Wire Act, making DFS nowhere to go.
Meanwhile, those states that have legalized dream recreations and declared it to not be a game f possibility, such as Kansas did earlier this year, may have to rethink their stance.
The major sports leagues, many of whom are stakeholders into the DFS industry, will even have to think about their very own positions in the light of these vocal opposition to recreations wagering.
New York Lawsuit
Both Robert Kraft, who owns the New England Patriots, and Jerry Jones, owner associated with Dallas Cowboys, both have equity in DraftKings, for instance. The NFL strictly prohibits its employees, players and group owners from playing or marketing any form of gambling. Meanwhile, both the NBA and MLB have bought shares in fantasy recreations operators.
Today, DraftKings and FanDuel sued filed lawsuits to challenge the judgment regarding the nyc 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 choice amounted to ‘strong-arm tactics’ that have been ‘defying the guideline of law.’
International Poker Index and USA TODAY Sports Partner to ‘Sportify’ Game
Alexandre Dreyfus gained a partner that is vital his quest to sportify poker, the businessman landing a deal 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 exactly 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 largest database into the world, and is set to introduce the Global Poker League (GPL) in early 2016.
12 franchised groups distribute around the world will encompass the GPL, players ranked within the top 1,000 associated with the GPI open to be drafted to the five-person rosters.
United States Of America TODAY Sports, a leader that is global sports reporting, helps keep tabs on all the most recent developments and results.
‘The partnership will give you an essential platform to showcase our innovative brand new events and to promote the players ranked into the worldwide Poker Index,’ Dreyfus said in a press release. ‘It’s great to have the support and passion of an industry frontrunner like United States Of America 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 will be marketed and digested on similar lines to professional sports makes sense that is perfect. Poker’s roots date back to long before many of the globe’s favorite sports had been created.
It remains to be seen whether poker fans enjoy watching the overall game up to they enjoy playing it.
Poker’s Super Bowl happened 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 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
Dreyfus isn’t alone in thinking that poker has the possible 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 promote and build the GPL.
Extra capital shall be raised from the selling of the 12 franchises, and then preferably solution product sales to tournaments.
One discussion that arrived up only at that year’s WSOP Main Event ended up being the thought 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 level.
Each hand are going to 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 Sports is also buying into Dreyfus’ blueprint today. The media group will need to assign journalists, manufacturers, and digital creatives to cover the GPL headlines.
‘The Global Poker Index did more than just about any company 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.’