Archive for February 2012

I wrote a blog back in April 2011 when the NFL was still in a lockout and nobody was really sure if there would be a season. Now that the 2011/2012 season has ended, and the New York Giants have been crowned the champs, let’s take a look back and see just what we would have missed out on without an NFL season:

1. Let’s start off with the big one – Super Bowl Sunday. Just last Sunday, the Super Bowl generated $93.8 million in bets in Nevada sports books. That is a huge number! This was the second highest reported number of all time, just behind the 2006 Super Bowl…generating $94.5 million. The sports books ended up winning $5 million from those wagers this year. You don’t have to be a math genius to figure out that Nevada is pretty glad the NFL got their stuff together and played a season. Source.

2. During the regular season, sports books generate an average of $725 million annually on regular season games. In the postseason this year, sports books in Nevada collected just under $15 million on the playoff game featuring Tim Tebow and the Denver Broncos taking on the NE Patriots. This is about 5x the average of a normal NFL regular season game. Source.

3. Forget about the casinos, what about the Super Bowl city? Indianapolis was the host city this year for the Super Bowl. The NFL predicted that the SB would generate between $150-400 million for the city. This comes in the form of cash flow to businesses such as hotels, restaurants, car rental companies and bars. I’ve been to Indy and have family there, and let me tell you, they need it. I’m glad the city could be showcased and get some much needed cash flow. Source.

Clearly we’re all glad that the NFL figured out their business and we moved on with the season. There were ups and downs, I lost several if not most of my parlays, and my Colts had a devastating Manning-less year…but all in all I’m glad they were back and I had a great season. Can’t wait until September!


As you may have heard today, Caesars Entertainment has again announced plans to go public and offer an IPO in the near future. So, how about a little history to get us started on how this began:

In 2005, Harrah’s aquired Caesars Entertainment in a $9 billion buyout, the largest at that time.

In January 2008, Harrah’s Corporation was purchased by two private equity firms and was removed from the New York Stock Exchange. In December of that same year, Harrah’s announced plans to change its name to Caesars Entertainment.

In late 2010, Caesars began the IPO process. They initially valued the stocks at $15-17 per share, hoping to raise over $500 million, however the company ended up not going forward with the process, citing market conditions.

Fast forward back to today. The IPO process was started back in November of 2011, and today the announcement was made that the company is indeed moving forward with the IPO next week. They plan to sell 1.81 million shares at about $8-10 per share for a total of $18.1 million.

Project LINQ. Click for credit...

Going public will allow the company to move forward with some new projects it has planned, including Project LINQ in Las Vegas, casinos in Ohio and possibly a casino in the Baltimore area. I read an article that Caesars is the only company that has actually been expanding since the recession hit in 2008.

So, do you think that this IPO is a good idea for Caesars Corporation?

About Me

This blog is devoted to the gaming industry news and information - keeping you up to date on the happenings in the gaming world. My personal expertise lies in event planning and entertainment in casinos.

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