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DELAWARE EXPANDS ONLINE GAMBLING RANGE
2014-06-21

Online gamblers who prefer Mac hardware can now gamble in Delaware following the state lottery's decision to increase technical accessibility for all Delaware residents.

Local radio station WDDE reports that widening the range of accessibility now allows Mac punters to use all of Delaware's three internet casino sites without having to download the software.

The success of internet gaming for the state, the casinos, and players depends on creating a fun and easy experience for everyone, Secretary of Finance Tom Cook said Friday.

Were excited to offer an iGaming option that doesnt require a poker download, and were thrilled Mac users can now participate.

Cook said that the upgrade represents the first time that Mac and PC users will all be able to log on since Delawares first phase of online gaming went live almost ten months ago. In addition, four new blackjack games including multi-hand options have been added and Harrington Raceway has added two new video lottery games.




ONLINE GAMING CONFERENCE SCHEDULED FOR NEW JERSEY
2013-12-18

Providing more evidence of the growing momentum of online gambling, the Atlantic City Convention Center in New Jersey is to host a Apuestas Deportivas Online Bingo Play Slots Online in US one day conference on the subject on January 25 next year.
Sponsored by the publication iGaming Player, the iGaming Player Expo will include real-time demonstrations of all online casinos currently operating in the nascent New Jersey market...and players attending will receive bonuses by registering for any of the casinos exhibiting.
The organisers also plan to present seminars on how to gamble online, the basics of online poker, blackjack, roulette, video poker and slot machines, advice from professional poker players about playing the game online, how to deposit money and collect winnings.
Representatives from Atlantic City casinos will be present to explain the i-gaming payment process, and representatives from leading slot manufacturers will demonstrate some of the slot and video poker games that the casinos are offering online.


CAESARS TO SPIN OFF INTERACTIVE ARM
2013-04-25

Move to be executed through new Caesars Growth Partners

The debt-burdened Las Vegas land gambling giant Caesars Entertainment (which reportedly has debts exceeding $24 billion) is to spin off its successful online division, Caesars Interactive Entertainment, to a new and separate company titled Caesars Growth Partners, the Wall Street Journal reported Tuesday.

The $2.3 billion new company, which will be helmed by CIE chief executive Mitch Garbers, will include Caesars Interactive along with Planet Hollywood casino in Las Vegas and the Horseshoe Baltimore casino, a 40 percent-owned construction project which Caesars is building in partnership with Rock Gaming.

Between 23 percent and 43 percent of the new corporate will be sold to Caesars' current owners.

Funding for the new company amounting to $500 million is to come from investment houses Apollo Global and TPG Capital.

The Wall Street Journal reported that the move is designed to better manage a heavy debt burden, and commented that some analysts are concerned that the gambling giant may be "underselling" some of its assets.

Caesars' owners Apollo Management and TPG Capital will pay about $250 million each for their portion of the assets, while existing stockholders can contribute up to an additional $700 million.

In a complicated structure, the new ownership of Growth Partners will be held by a holding company called Caesars Acquisition Company that is likely to be traded publicly, the Journal reports.

A Caesars spokesman said Tuesday that Caesars Growth Partners helps raise capital without diluting the value of the owners' shares, and enables the raising of capital without carrying the penalty of Caesars' significant debt.

"The transaction is an important step in our continuing efforts to improve the company's balance sheet and position ourselves to make strategic investments," Caesars chief executive Gary Loveman said in a statement.

Investors appeared to like the initiative, driving the share price up 27 percent,to close at $15.90.

According to analysts, the deal appears to value Caesars Internet business between $400 million and $650 million.