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Old 02-08-2012, 06:04 PM   #1
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Caesars Entertainment Surges Following Nasdaq IPO

http://seekingalpha.com/article/3517...o?source=yahoo

A good sign? This was their third attempt in IPO'ing and the previous two were around times when there was a possiblity of regulation coming in the short term. Since they actually IPO'd this time does that mean regulation is imminent?
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Old 02-08-2012, 06:46 PM   #2
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Re: Caesars Entertainment Surges Following Nasdaq IPO

Quote:
Originally Posted by mag8500 View Post
http://seekingalpha.com/article/3517...o?source=yahoo

A good sign? This was their third attempt in IPO'ing and the previous two were around times when there was a possiblity of regulation coming in the short term. Since they actually IPO'd this time does that mean regulation is imminent?
Yes, the state of NV has passed legislation and approved regulations for i-poker, and will be handing out licenses shortly. NJ is also likely to approve i-gaming this year.

Players in certain states will have legal i-poker very soon.
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Old 02-08-2012, 07:12 PM   #3
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Re: Caesars Entertainment Surges Following Nasdaq IPO

Even though it surged, it's still in the ****ter. I believe it owes more interest on its debt over the next year than the company is worth. Igaming might not even save it.
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Old 02-08-2012, 07:12 PM   #4
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Re: Caesars Entertainment Surges Following Nasdaq IPO

The trading of Caesar's today has nothing to do with online poker and everything to do with a ridiculously small float and a lot of day-trading.
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Old 02-08-2012, 07:35 PM   #5
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Re: Caesars Entertainment Surges Following Nasdaq IPO

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Originally Posted by pianospike View Post
The trading of Caesar's today has nothing to do with online poker and everything to do with a ridiculously small float and a lot of day-trading.
this. Although in the prospectus they mentioned that ipoker would likely be regulated in the near future and gave some huge growth estimates should it be regulated.
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Old 02-08-2012, 08:02 PM   #6
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Re: Caesars Entertainment Surges Following Nasdaq IPO

"In the first three quarters of 2011, revenue fell 0.5 percent to $6.66 billion, while net loss narrowed to $471 million, compared with a loss of $629 million in the same period of 2010.

The casino operator also hoards a significant amount of debt - with $22 billion as at the end of September 2011. It also owes $1.7 billion in interest payments over the next 12 months."

Those are hefty numbers to carry.

Importantly, is Caesars culturally set to go all-in on its online operation or, more likely perhaps, online is viewed as a feeder/marketing tool for the existing B&M businesses.

The two paths present very different directions, resource requirements and challenges.
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Old 02-08-2012, 09:50 PM   #7
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Re: Caesars Entertainment Surges Following Nasdaq IPO

I think Caesars the native Americans and others think the money will just come flying in. They are overlooking the quality of software, marketing, and promos we are used to having. They will probably all disappoint us in the beginning. The quickest to change, market, and get large bases from these possible multi-state pools will be the few who bring in the large rake amounts each month.
I just do not think they realize how spoiled stars and tilt made us after partys departure of the market. We had black cards supernova multi vpp systems overlays rakeback.
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Old 02-08-2012, 09:55 PM   #8
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Re: Caesars Entertainment Surges Following Nasdaq IPO

You are talking like ceasars doesn't have a rewards program. I think you and a lot of other people are vastly underestimating the quality us based companies can provide when the time is right.
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Old 02-08-2012, 09:56 PM   #9
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Re: Caesars Entertainment Surges Following Nasdaq IPO

Quote:
Originally Posted by TBadr View Post
You are talking like ceasars doesn't have a rewards program. I think you and a lot of other people are vastly underestimating the quality us based companies can provide when the time is right.
I hope I am.
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Old 02-08-2012, 10:55 PM   #10
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Re: Caesars Entertainment Surges Following Nasdaq IPO

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Originally Posted by DMYERS View Post
I think Caesars the native Americans and others think the money will just come flying in. They are overlooking the quality of software, marketing, and promos we are used to having. They will probably all disappoint us in the beginning. The quickest to change, market, and get large bases from these possible multi-state pools will be the few who bring in the large rake amounts each month.
I just do not think they realize how spoiled stars and tilt made us after partys departure of the market. We had black cards supernova multi vpp systems overlays rakeback.
lol no company is just going to sit back and hope they make boatloads. These are massive gaming empires we are talking about here. We're going to see marketing and promos like we've never seen before. These guys are no slouches. It will be interesting to see how much of the marketing targets pros and grinders as opposed to rec players though.
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Old 02-09-2012, 12:08 AM   #11
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Re: Caesars Entertainment Surges Following Nasdaq IPO

Agreed. These companies know damn well what pre BF online poker looked like.
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Old 02-09-2012, 07:41 AM   #12
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Re: Caesars Entertainment Surges Following Nasdaq IPO

FWIW 888 Holdings which as DQ reported:

"888.com and Caesars Interactive Entertainment today announced they were extending their UK software licensing agreement to the U.S"

Announced yesterday, overall online revenue to the end of 2011 increased 26%. Annual poker revenues increased 58% to $61m.

PokerScout shows ~ 2700 7-day average cash players from a 6mth consistent base of 2k cash players.
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Old 02-09-2012, 07:46 AM   #13
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Re: Caesars Entertainment Surges Following Nasdaq IPO

Mitch Garber, head of the WSOP brand as well as all online gambling operations for Ceasars, used to be the CEO of PartyGaming (PartyPoker). I think he'll know know what to do.
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