Posts Tagged ‘Caesars Interactive Entertainment’

Is the Price of Poker Going Up?

by , Mar 13, 2012 | 12:36 pm

Vegas was hit hard by the bursting housing bubble and recession. As a result, WSOP-bound poker players found travel and lodging bargains over the past few summers. But with these and other ancillary economic factors in flux, 2012 could prove to be more challenging for frugal gamblers … unless you are an alcoholic vegan who flies no frills with no checked bags, rents a condo instead of getting a hotel room on (or near) the Strip, and opts out of any $1 million buy-in events. Then you should be OK.

Gas prices: If you’ve filled your gas tank lately, you know you’re paying more for a gallon of gas. On average, gasoline prices are running 7.8 percent higher than they were this time last year. If you’re planning a cross-country drive, you can anticipate some additional expense. Check out the gas prices by region here.

Airfares: Airlines are fairly efficient at passing on higher jet fuel costs to their passengers. Surprisingly, airfares to Vegas are substantially lower this year. Use Expedia’s “Trend Tracker” to see how much lower your route is this year over last. Low cost carriers have added flights to Vegas in the past year, keeping a lid on airfares. Spirit Airlines has added 119 weekly flights into Vegas since last year and Allegiant enjoy Air has added 32 flights per week — while higher cost carriers have cut back. Airport statistic geeks will McCarran’s monthly flight activity reports.

Hotel Rates: When MGM’s City Center opened in December 2009, it dumped more than 4,000 hotel rooms into an already saturated market. But the slow and steady economic recovery has been taking up some of the slack. As a result, the average daily rate (ADR) for hotels is higher this year. According to their latest financial statements, the ADR for MGM Strip properties is $127, up 10.4% from last year. The ADR for Caesars Entertainment’s Las Vegas properties is up 8.3 percent to $9.  The Wynn’s ADR is up 15.2 percent over last year, coming in at $242.

Condo/House Rentals: House and condo rental prices are marginally lower this year, according to the latest from HUD’s Fair Market Rents Data Set. If you and your friends are heading out for a prolonged WSOP stay, you might consider a short-term house rental. But be careful. Rental scams in Las Vegas involving foreclosed properties are not uncommon. Read this article to learn more about these scams.

Food and Beverage Prices: Overal, food and beverage prices are up 4.2% since last year. It’s especailly bad if you lived off hamburgers (up 10.6%) and coffee (up 15.4%). Vegans, however, will save this year (fresh fruits and vegatables are down 0.1%). And its not too bad for alcoholics. Stocking the bar at your condo will only be 2.1% more expensive this year. You can check out the BLS CPI report for more details.

WSOP Buy-Ins: If your goal is to play the most expensive event at the WSOP, you are going to have to fork over much more than last year. Last year’s $50,000 Poker Player’s Championship looks like a bargain compared with this year’s $1 million “Big One for One Drop” event. If $1,000 and $1,500 buy-in events are more your speed, however, you are in luck. The 2012 WSOP schedule includes two additional events in the weekend-warrior price range. Less good news for the frugal: juice is still 10 percent for these events (7 percent for entry fees and 3 percent for tournament staff).


Wynn Releases Opening November Nine Sports Book Odds

by , Jul 20, 2011 | 6:00 pm

wsop november nine odds

One of the new things with this latest World Series of Poker (as significant as ESPN’s live coverage, imho) was the introduction of sports-book bets on WSOP outcomes. Think about how much effort went in to making that possible — first, changing the law such that Nevada sports books could expand their offerings to include non-athletic contests … then running specific bets through Nevada Gaming regulators … all so non-Caesars casinos could spread action on the WSOP? That’s not exactly the kinda thing done on a whim … especially when the introduction of “live” TV coverage adds a whole new element of necessary oversight for GCB enforcement.

The Wynn seems to be wanting to take the lead on spreading such non-athletic “exotics”, with Race and Sports Book Director Johnny Avello establishing himself as the go-to guru for entertainment-based wagers — having set for-entertainment-only odds (with remarkable accuracy) for the Oscars, beauty pageants, Dancing with the Stars … even fashion at the British Royal Wedding, and the breed of dog to win the Westminster Dog Show.

Read below for more official word on Wynn Las Vegas/Encore’s WSOP offerings:

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Germany, Caesars, and Loveman

by , May 7, 2011 | 10:05 am

This week’s online gambling news recaps fallout from “Black Friday”, including interesting remarks from Caesars CEO Gary Loveman. Also, online sports betting has been legalized in Germany… but don’t get too excited.


Nevada Introduces Bill to Regulate Internet Poker

Incumbent operators (like Stars & Tilt) OK’d, Caesars a little pissed at intrastate language

by , Mar 10, 2011 | 5:03 pm

Much more to say on this one … but a lot of moving parts to get our arms around. And I have a feeling just like I took the wrong side on any Gov. Chris Christie (New Jersey) veto bets … that I may have to eat some words muttered on this week’s episode of Rabbit Hunt.

Nevada wants in on the regulating online poker game … and introduced a bill today to do just that. But many are curious … a Caesars legal counsel seems downright irked … about how the state the Harry Reid built could be pushing an intrastate measure, when they want interstate.

OK, yeah yeah, Harry Reid didn’t build the whole state, I know. He would have to be like 140 years old for that to tbe true. But you know this kinda thing isn’t moving to the point that it did today without him having at least some finger in it. Right? State and federal are usually different … but internet poker kinda became the US Senate Majority Leader’s baby … or at least his bratty nephew.

Line it up: the pre-regulation of online poker continues … and the game is just getting extra good.


WSOP Plants Its Flag in Italy

Forms “Alliance” with Microgame, People’s Poker

by , Dec 17, 2010 | 4:18 pm

Since it seems the Feds aren’t gonna allow the world to come to the WSOP (via the internet) … the WSOP is now taking steps elsewhere across the world. Caesars Interactive Entertainment, formerly HIE but still parent company to the WSOP, announced Italian partnerships that will allow the Montreal-based company (with operational headquarters in Las Vegas) to establish its presence live and online in the regulated Italian market — and ultimately make it easier for these poker paisanos to get to Vegas in the summer.

Read below for official details:

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