The leading hospitality and gaming company, Caesars Entertainment, announced a major financial move Wednesday. The company confirmed in a statement that it plans to sell some $1.5 billion in bonds. The bonds would be available for qualified institutional buyers in a private placement in line with Rule 144A of the Securities Act of 1933. The aforementioned amount of bonds, described by the company as senior secured notes, are due in 2032. According to Caesars, the notes will be guaranteed by its domestic subsidiaries, subject to the relevant regulatory approvals.

“Caesars Entertainment, Inc. today announced that the Company, intends to offer, subject to market and other conditions, $1,500.0 million aggregate principal amount of senior secured notes due 2032 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and to persons outside the United States under Regulation S of the Securities Act,“

reads a statement released by Caesars Entertainment

Besides offering $1.5 billion in bonds, the company confirmed plans to secure a new $2 billion senior secured term loan facility described as the “New Term B-1 Loan.” This would be achieved through an amendment to the existing CEI Credit Agreement. Still, Caesars explained that the closing of “the New Term B-1 Loan under the CEI Credit Agreement is not a condition to the closing of the sale of the Notes.”

The gaming and entertainment company revealed that the proceeds from the term loan and notes would be used to address current debt obligations, and this includes the company’s 6.250% Senior Secured Notes due 2025. Additionally, the loan and note proceeds would also satisfy expenses and fees related to the aforementioned transactions.

Preliminary Q4 2023 Results Deviate from Projections

The announced strategic financial move follows the release of Caesars’ preliminary Q4 results. Earlier this month, the company uncovered details regarding its expected performance for the fourth quarter of 2023, highlighting that the EBITDA and sales projections of analysts may deviate from the actual results.

Caesars estimated that its revenue for Q4 2023 is expected to be between $2.815 billion and $2.835 billion, just shy of the Wall Street prediction of $2.89 billion. EBITDA for the period is expected to be in the range of $920 million and $940 million, under the projections of analysts for $957 million.

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Interkassa, the renowned global payment aggregator, will present its newest payment solutions in the major event, which will be held in Malta from 13 to 17 November 2023.

The major event

Sigma is a large-scale event that will host the biggest industry names, and Interkassa is proud to be one of them. The company’s payment solutions are carefully selected and customized to fulfill the needs of the gaming industry. Among the most helpful is that the companies that collaborate with Interkassa can accept payments in 100 different currencies from all around the globe.

At the moment, the company offers more than 70 payment options, both global and local, to many countries. Customers are able to pay via cards, electronic wallets, mobile payments, bank transfers, as well as instant payments that can be transferred with Google Pay and Apple Pay. On top of that, there are also options for many fiat or crypto currencies, so the players can deposit and withdraw money in the way that suits them best.

All of the funds available are completely secure and safe, and all of the transactions remain uninterrupted. That’s because the company incorporated smart routing and various cascading technologies, which enabled the customers to enjoy smooth transfers. Tokenization makes the whole process even more seamless and secure since one-click betting is now available to the players.

In Interkassa’s vast network of partners are the biggest industry names such as 1win, Pin-Up, SoftSwiss, Slotegrator, EveryMatrix, BetConstruct, and FavBet.

Rapid success

Valentina Romanenko, the CEO of Interkassa, said: “With over 14 years of experience in the market, we have studied the needs of the gambling business and their customers. Today, Interkassa is ready to provide a positive payment experience for both players and gaming providers. We have a complete set of solutions for this. Our team looks forward to meeting Sigma Malta visitors at our stand #1114 and discussing the details of future cooperation.”

Anastasia Babochkina, Deputy CEO at Interkassa, has already visited the event. She commented: “We have attended this conference in Malta for several years. As a result, this event has always yielded incredible experiences and new fruitful partnerships. Its global focus and broad audience allow us to show all the advantages of our product.”

Interkassa was founded in 2009, and it rapidly expanded across the global market. At the moment, the company processes more than 12 million payments each month, and its customer base contains more than 4000 international businesses from Europe, Asia, Africa, Latin America, Canada, and CIS countries (except Russia).

Source: Incze, Gaspar, “Interkassa will present payment solutions for gambling and betting at Sigma Malta”, EuropeanGaming, October 10, 2023.

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Global online sports betting operator bet365 continues to make strides in North America and is now officially live in the state of Kentucky. The sportsbook is celebrating its launch with a variety of tempting offers for fans.

Bet365’s launch in the Bluegrass State was made possible by its partnership with Sandy’s Gaming and Racing, a local gaming company. This launch will further expand bet365’s US presence, allowing it to establish a foothold in a sixth state. For reference, bet365 currently offers betting in Virginia, Ohio, New Jersey, Iowa and Colorado.

Bet365 started accepting registrations and deposits from local consumers 30 days ago, allowing them to prepare for the operator’s eventual launch. Starting today, Kentuckian players can finally log into their accounts, commencing their sports betting journey with the operator.

Meanwhile, new customers of legal age can register to benefit from the operator’s tempting new customer offer: Bet $1 Get $365 in Bonus Bets. As the title suggests, the promotion allows punters to earn $365 in bonus bets if they wager at least $1 with the operator.

Kentuckians Will See What the Fuss Is About

In addition to the exciting welcome promotion, consumers can expect unparalleled gaming experiences. As announced by bet365, its betting site comes packed with fantastic features, such as Same Game Parlay, Cash Out and Edit Bet.

In addition to that, the company offers Bet Boosts and Super Boosts on a wide selection of sporting disciplines, as well as Same Game Parlay Profit Boosts.

Players can also find great offers on a wide range of popular sports and can benefit from Early Payouts when betting on leagues, such as the National Football League, National Basketball Association, National Hockey League, Major League Baseball and the NCAAB.

Bet365 also streams a whopping 780,000 events, allowing sports aficionados to never miss a major development and remain tuned. Finally, the company offers an extensive range of pre-match and in-game props on all major sporting events, further elevating customer engagement.

A bet365 spokesperson commented on the launch, expressing his team’s excitement about making a foray into such a great state. The representative added that his company’s functionalities will allow Kentuckians to step up their betting game.

Now Kentuckians can take advantage of our epic Bet Boosts, the fastest Live In-Game product and best Same Game Parlay experience and see first-hand why the bet365 experience is Never Ordinary.

Bet365 spokesperson

Speaking of bet365, the company recently secured Slingo games from Gaming Realms.

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In light of the recent cyberattack that disrupted MGM Resorts’ operations, the iconic strip club has extended a helping hand to affected tourists, offering them an array of unique perks to ease their stress and ensure their Sin City experience remains unforgettable.

Cyberattack Rocks MGM Resorts, Larry Flynt’s Hustler Club Offers Respite

The MGM Resorts cyberattack, which struck at the beginning of the week, plunged some visitors into chaos as they struggled to access their hotel rooms or complete check-in procedures. The fallout even extended to casino slot machines and phone lines, adding to the frustration of travelers in town for a good time.

Larry Flynt’s Hustler Club wasted no time stepping up to the plate, recognizing the need to alleviate the distress of both guests and hospitality employees grappling with the situation. Brittany Rose, the club’s general manager, conveyed her heartfelt empathy for those affected, reported TMZ. She mentioned that their hearts went out to both the employees and the tourists impacted by the devastating event. As members of the hospitality industry, they had decided to contribute to enhancing the guest experience during their visit to Las Vegas, with the aim of easing the stress experienced by the employees who were diligently handling the situation.

For those guests who endured the cyberattack’s turmoil and are at least 21 years old, Larry Flynt’s Hustler Club is offering an impressive array of freebies. To partake in this unique offer, visitors simply need to present proof of a valid hotel reservation at any MGM property from September 10 onwards. The freebies include airport pickup, luggage storage to accommodate check-in delays, a complimentary $1,200 platinum VIP membership, and, of course, free lap dances. However, this generous offer is only available until September 24, so affected tourists should make the most of it while they can.

Cyberattack Brings Unexpected Windfall for Las Vegas Adult Entertainment Venues

While the cyberattack left many visitors grappling with inconvenience, it inadvertently boosted business for the city’s adult entertainment establishments. Strip Club Concierge, another Sin City gentlemen’s club, reported a surge in foot traffic, reservations, and ride service usage in the wake of the attack. Strippers even saw a substantial increase in earnings, with some bringing in up to $2,000 more per night.

The recently experienced cyberattack on MGM Resorts International is believed to be the work of the Scattered Spider group, a notorious cybercriminal organization known for using social engineering to obtain login credentials and OTP codes.

The attack has had a significant impact on MGM’s business, leading to a decline in its stock price, email and website shutdowns, and potential losses. Moody’s credit rating agency has warned that MGM’s credit rating may be negatively affected due to security weaknesses. Similar cyberattacks have targeted other companies, including Caesars Entertainment and Stake.com.

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The company moves towards fulfilling its mission to provide customers with the best possible solutions and making revolutionary changes that will completely change the whole iGaming industry landscape by launching thrilling new products.

The most recent in the series of the company’s unique products are multiwallet and custom token features, which will be among the great assets when it comes to strengthening the relationship between the crypto and iGaming worlds.

Both the company’s partners and loyal customers will be satisfied with the multiwallet solution. Players will be able to easily access multiple wallets, both crypto and fiat, and deposit money, along with effortless withdrawals, all while available to avoid conversions during gameplay. The integration with other crypto wallets, such as Metamask, is also seamless and available to everyone, which eases the whole playing experience, making it even better.

But that’s not everything BetConstruct prepared: the partners are now able to create new tokens completely customized to their needs. This is similar to the FTN, and it seems the success will be the same. The new tokens were created on Bahamut, with the smart contract software that possesses a range of customizable variables which can help each company’s partner to fulfill its business needs.

Many benefits to partners and customers

The company has worked hard on various technical support systems that will help maintain the token listings on all exchanges, both centralized and decentralized. Apart from that, the offering includes technical backing of liquidity management, as well as market-making, promotion, and marketing of these customized solutions.

Another important problem was also solved, with the company offering a resolution for various legal issues that the partners may face during the process. The company aids in forming the necessary token-issuing entities, as well as in drafting and reviewing whitepapers created by partners. Furthermore, legal opinions are provided as well, along with setting up partners’ bank accounts, preparing agreement contracts, and helping to acquire licenses for crypto exchange in many regulated markets all over the world.

With these advanced solutions, BetConstruct will be able to change the whole crypto iGaming world. The new multiwallet with user-friendly solutions and custom token features will greatly improve the scene and open the door to future solutions that will ease the process even further by making various connections and exploring the possibilities that the market offers.

Source: “BetConstruct introduces multiwallet and custom token features”. iGaming Business. August 14, 2023.

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CreedRoomz, a tech company providing high-quality live casino solutions, has unveiled a new partnership with Lider Bet/Leader-Bet, a Georgia-based iGaming and betting operator. Under the agreement, the former party will fuel Lider Bet’s leading platform with live content.

As announced, CreedRoomz’s full catalog of live casino titles will be integrated into the gaming operator’s platform, expanding both companies’ presence in the local market. As a result, Georgian players will be able to try out some of the supplier’s best games, which include classics such as baccarat, blackjack and roulette.

The current partnership is in line with CreedRoomz’s expansion strategy which has seen it actively seek out partnerships with major gambling operators and distributors. Agreements, such as the current one, allow the live casino company to remain ahead of its competition and expand its influence.

Both CreedRoomz and Lider Bet have a wealth of experience in the iGaming sector. Their newly-formed alliance is sure to help them expand their footprint in Georgia while providing local players with engaging and modern iGaming experiences.

Lider Bet has been on the Georgian market since 2008. At first, the company was primarily focused on land-based gaming but in 2010 broadened the scope of its operations and launched online casino gaming products. Currently, Lider Bet owns a number of land-based gambling properties in all of Georgia’s major cities.

CreedRoomz, on the other hand, continues to expand its global presence. In May, the supplier penned a similar live casino agreement with Tom Horn Gaming, an online gaming software provider with an extensive portfolio of casino titles.

The live casino specialist also announced that it will be present at the SiGMA Asia Event on July 20-21, 2023.

Georgia Continues to Evolve as a Major Gaming Hub

In other Georgia-related news, Bragg Gaming Group just launched content in the country thanks to a newly-minted agreement with the Flutter Entertainment-owned operator Adjarabet. Under the deal, Bragg agreed to supply the gambling company with a selection of proprietary and aggregated iGaming titles.

The deal was praised by Bragg Gaming, which was excited by the opportunity to reinforce its existing relationship with Flutter.

Several weeks ago, OnAir Entertainment launched a new studio in Georgia, solidifying the country as a major hub for the flourishing online casino industry. The new studio, located in Tbilisi, Georgia, is the company’s third one in Europe and was hailed as a significant milestone in the company’s global expansion plans.

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The world’s biggest online poker room, GGPoker, announced the launch of a series of online poker tournaments providing pathways for players to participate in live poker events in London.

Pathways to Live Poker Events

The Road to London series of satellites launched by GGPoker will offer participants a chance to win seats for two iconic live poker tournaments, the £3,300 WSOP Super Circuit Series London Main Event and the £21,200 Triton Super High Roller GGMillion$ Live, as well as the thrill of live poker action.

Commenting on the series launch, GGPoker’s head of marketing, UK & Ireland, Angela Martin, was thrilled to announce the return of live poker events to London, adamant that Road to London would be “an unrivaled opportunity to participate in world-class tournaments and compete alongside the poker elite.”

We’re confident that GGPoker players will relish the chance to win their way into these incredible live events at a fraction of the cost, making poker dreams come true.

Angela Martin, head of marketing for UK & Ireland, GGPoker

Promising an electrifying experience for poker players, as well as the thrill of competitive live poker action on an international stage, the Road to London series will reward at least 200 players with seats to the WSOP Super Circuit London Main Event.

One More Hurdle to Overcome

Players who have earned their seats through the satellites will be free to participate in either an OnLive Day 1 tournament hosted at GGPoker or in one of three live Day 1s in London. The first OnLive Day 1 tournament is set to take place on July 2 and step qualifiers are already underway.

Scheduled to start on August 8, the £3,300 WSOP Super Circuit Series London Main Event will have a huge guaranteed prize pool of £3,000,000 ($3,840,000), besides the thrill of playing competitive poker with fellow players from around the world, including recent GGPoker partner, Brian ‘True Geordie’ Davis.

Commencing on July 27, the £21,200 Triton Super High Roller GGMillion$ Live will welcome some of the most popular poker players worldwide, promising to make it a truly exhilarating affair. Qualifier satellites for the tournament will run from June 24.

Both the £3,300 WSOP Super Circuit Series London Main Event and the £21,200 Triton Super High Roller GGMillion$ Live will take place at JW Marriott Grosvenor House in the heart of the capital.

GGPoker was at the center of a controversy recently after most of the high stakes players decided to boycott the games in protest of the latest changes to the poker room’s rake system.

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In world circles, Cambodia is infamously known for illegal gambling, kidnapping and other criminal activities. However, recently the country’s government has been doing some house cleaning, especially tackling illegal gambling. It appears their efforts have caught the attention of other countries, as their next door neighbor, China has offered to help it flush out crime from its system totally.

China Lends a Helping Hand to Fight Trans-national Crimes

During a press briefing held by China’s ambassador to Cambodia Wang Wentian after the visit of Cambodia’s prime minister Hun Sen to China, the ambassador highlighted the strengthening diplomatic cords between the two countries. Of particular note in Wang’s speech, he said China is ready to help Cambodia tackle transnational crime, such as illegal, cross-border gambling, human trafficking and drugs.

Wang reiterated China’s commitment to working closely with Cambodia to eliminate criminal activities from the country. He said to the Khmer Times: “We are committed to working with the Cambodian authorities. We must prevent and crack down on transnational crime, human trafficking, drugs, illegal online gambling and other crimes.”

Fighting Illegal Gambling to be aided by Information transparency between both Countries

The ambassador explained that what was needed is a transparency of information between both countries. He called on Cambodia’s law enforcement to work hand-in-hand with China’s law enforcement to bring down crime in Cambodia.

Recently Cambodia has been on a crusade against illegal activities in the country, especially in the coastal town of Sihanoukville. There have been multiple reports of the town being a den for kidnappers, human trafficking– all linked to the countless illegal casinos in the town. Cambodia’s authorities are also making its legal casinos tow the straight and narrow, as it urges them to pay their taxes.

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