In a landmark move for the world of competitive poker, Caesars Entertainment has officially closed the sale of its intellectual property rights for the esteemed World Series of Poker (WSOP) brand to the NSUS Group. The deal, valued at a staggering $500 million, was initially announced in August and has now reached completion, signaling a new chapter for one of poker’s most iconic tournaments.

Details of the Transaction

The financial restructuring accompanying this sale involves Caesars receiving $250 million in cash and a further $250 million in the form of a promissory note, which is to be paid five years post-transaction. The NSUS Group, which operates GGPoker, is poised to leverage the WSOP brand for a variety of live and online events on a global scale, indicating a shift that could redefine the landscape of poker tournaments.

Michael Kim, CEO of NSUS, offered insights into the company’s vision at the time of the initial announcement. He emphasized the intention to utilize GGPoker’s cutting-edge technology alongside industry expertise to enhance the player experience. “We will create an exciting future for WSOP, ensuring players enjoy an increasingly improved, safe, and seamless poker experience,” he stated, underscoring NSUS’s commitment to innovation in the poker domain.

Implications for Traditional WSOP Events

For those who cherish the annual pilgrimage to Las Vegas for the WSOP, there may be little immediate disruption. As part of the agreement, Caesars retains the rights to host the flagship live tournament series for the next 20 years at its renowned Las Vegas casinos. This continuity ensures that poker enthusiasts can still flock to the city for the prestigious event, maintaining the WSOP’s historic connection to Las Vegas.

Moreover, Caesars will continue to operate the WSOP-branded online poker business in states like Nevada, New Jersey, Michigan, and Pennsylvania, albeit under specific regulatory conditions. There are stipulations that restrict Caesars from conducting real-money online poker operations for a set period, hinting at a strategic focus ahead.

Ongoing WSOP Branding at Caesars Properties

Despite the ownership transition, Caesars poker rooms will proudly retain WSOP branding. Furthermore, Caesars properties will be given preferential rights to host WSOP Circuit events, reinforcing the longstanding relationship between Caesars and the WSOP brand. This ensures that while the brand transitions into new hands, its presence in traditional environments remains robust.

Leadership Transition and Future Plans

The completion of the sale also ushers in a new era of leadership. Several long-standing WSOP executives are transitioning to pivotal roles within the NSUS Group. Ty Stewart, who served as Senior Vice President and Executive Director of WSOP, will take on the role of CEO of the new subsidiary. He will be joined by Gregory Chochon as Chief Operating Officer, ensuring that experienced leadership guides the brand through its next phase.

Simon Terekas, who previously worked as a content manager and media coordinator at WSOP, has also joined the new team, stepping in as communications manager. The consortium boasts over 30 years of combined experience in managing the WSOP brand, providing a sense of continuity and stability within this transformative phase.

Looking Ahead: A Bright Future for Poker

The sale of the WSOP intellectual property rights to NSUS is not merely a transaction; it represents a significant shift in how poker is organized, marketed, and presented. With plans for expansive growth and the application of innovative practices gleaned from GGPoker, the stage is set for the WSOP to flourish on both a local and global scale.

Michael Kim’s vision for the WSOP highlights the goal of positioning it at the forefront of poker growth, with promises of more live and online events to come. This initiative signals a promising future for poker enthusiasts worldwide, presenting opportunities to engage in exciting new formats and enhancing the global poker community.

As both organizations prepare for this new collaboration, fans can look forward to evolutionary changes and an overall enhancement of the poker experience. The sale marks not just a change in ownership, but a commitment to elevate one of the most celebrated brands in the gaming industry. As the WSOP continues to thrive under NSUS Group, the poker world waits in eager anticipation for the innovations to come.

Photo by WSOP

The post Caesars Completes Sale of WSOP to GGPoker’s Parent Company appeared first on Helpslotwin Best Online Casino.

Introduction

The picturesque city of Danville, Virginia, is on the brink of a significant transformation as it prepares to welcome the much-anticipated Caesars Virginia. This impressive $750 million casino and resort project, funded by Caesars Entertainment in collaboration with the Eastern Band of Cherokee Indians, promises to bring a new dimension to local entertainment and economic revitalization. Scheduled to open its doors by the end of December 2024, the casino will feature a sprawling 90,000-square-foot gaming floor equipped with over 1,300 slot machines, 85 live dealer table games, and a dedicated World Series of Poker Room.

The Heart of the Casino Experience

Set against the backdrop of the former Dan River Inc. textile campus, Caesars Virginia is revitalizing an area that once served as the city’s economic powerhouse. The original textile operations ceased after the company was acquired in 2006, and the move of manufacturing overseas created a vacuum that this new venture aims to fill. The reopening of this site not only revives a key location in Danville but also reflects the evolving landscape of entertainment and recreation options available to residents and visitors alike.

A Taste of Things to Come: Dining and Amenities

The new casino will not just cater to gaming enthusiasts; it will also champion culinary excellence with celebrity chef Gordon Ramsay at the helm of one of its dining establishments. Ramsay’s Kitchen will feature some of the chef’s most celebrated dishes, ensuring that patrons have a world-class dining experience to complement their gaming adventures. Beyond this highlight, Caesars Virginia will also offer a diverse range of other restaurants and upscale bars, promising something for every palate.

The resort aims to cater to broader needs, exemplified by its 320-room hotel, which is expected to be ready by spring 2025. This hotel will feature a full-service spa, a luxurious resort pool, and 50,000 square feet of meeting and convention space, positioning it as a prime destination for both leisure travelers and business events. Attendees can look forward to a 2,500-seat live entertainment venue that will bring the best in music and performances to Danville.

Economic Impact and Future Prospects

Caesars Virginia stands as the third permanent casino to open in Virginia, following Rivers Casino Portsmouth and Hard Rock Hotel & Casino Bristol. This development is a significant boon for the local economy, projected to create numerous job opportunities while attracting tourism from neighboring states. The economic implications are profound, shifting Danville from a small city with limited attractions to a burgeoning entertainment hub.

The scale of the project reflects Caesars Entertainment’s commitment to the region despite some challenges. Following a recent downturn in regional operations – where the company reported a 13% drop in EBITDA – the opening of Caesars Virginia represents a strategic move aimed at revitalizing its regional presence. The new casino is anticipated to significantly boost revenues and draw in players from across Virginia and beyond.

Considerations and Challenges Ahead

While the excitement surrounding the opening of Caesars Virginia is palpable, it’s important to recognize the challenges the project and the region may face. Rising operational costs following the expansion from temporary to permanent facilities could impact profitability. Moreover, as Tom Reeg, CEO of Caesars, has pointed out, the business expects operational expenses to nearly double with the increase in gaming positions once the full-scale casino opens.

Additionally, the hospitality landscape in Danville will experience heightened competition, as existing hotels and new entrants vie for customers. While Caesars Virginia may offer luxurious accommodations at prices starting at $499 per night, it will need to compete with more budget-friendly options like the nearby Hampton Inn, which offers lower rates and complimentary amenities.

Conclusion: A Bright Future for Danville

As construction continues on Caesars Virginia, excitement builds for the opening of the casino this December. Beyond gaming, dining, and entertainment, the project symbolizes hope for economic recovery and growth in Danville and the surrounding regions. With its combination of leisure offerings and community significance, Caesars Virginia promises to be more than just a casino—it stands as a beacon for the rebirth of local industry and tourism in southern Virginia.

As we look toward 2025 and beyond, the success of this venture may well serve as a model for future developments in gaming and hospitality across the United States, balancing the thrill of gaming with the timeless appeal of community and culture.

The post Caesars Virginia Casino in Danville Set to Open by Year’s End appeared first on Helpslotwin Best Online Casino.

In an exciting turn for the vibrant city of New Orleans, Caesars Entertainment recently unveiled its newly transformed Harrah’s Casino, now proudly branded as Caesars New Orleans. This ambitious project, which represents a staggering investment of $435 million, aims to enhance the overall experience for guests and solidify Caesars’ presence in the region. On Tuesday, the company commemorated this significant milestone with a lavish celebration, attended by key local officials, casino team members, and stakeholders.

A Grand Celebration

The festivities kicked off with a colorful ceremony outside the casino on Canal Street, setting the stage for a celebration steeped in the lively culture of New Orleans. Leading the event were Tom Reeg, the CEO of Caesars Entertainment, Anthony Carano, President & COO, and Samir Mowad, General Manager of Caesars New Orleans. Together, they joyfully paraded alongside a lively second-line band, reflecting the city’s rich musical heritage.

The atmosphere was electric as Anthony Carano beamed with pride, stating, “We’re incredibly proud to officially introduce Caesars to New Orleans.” He highlighted the property’s latest offerings, which include an array of culinary delights, luxurious accommodations, and an impressive gaming floor. “From local favorite Emeril Lagasse to our long-time partner, Chef Nobu,” he added, “Caesars New Orleans offers something for everyone.”

The Festive Unveiling

To mark the occasion, a stunning Mardi Gras float adorned with Caesar and his court made its way through the crowds, complemented by a dazzling fireworks display. Guests were invited into the aesthetically pleasing center bar, dubbed Octavia, where they could indulge in a “Taste of Caesars New Orleans.” This culinary sampling featured a variety of delectable bites from all six on-site restaurants, showcasing the diverse flavors that the property has to offer.

Adding to the celebratory vibe, elemental entertainers graced the event, including the Saints Cheer Krewe, Mardi Gras Indians, Zulu Tramps, and showgirls—each selection a nod to the spirit of New Orleans.

A New Era for Caesars in New Orleans

Reflecting on the event, Samir Mowad emphasized the significance of the transformation. “This year marks 25 years since we opened in New Orleans, and the completion of this project is the perfect way to usher in a new era with Caesars,” he remarked. The reopenings not only elevate Caesars’ footprint in the region but also signal the brand’s commitment to luxury entertainment amidst New Orleans’ rich cultural landscape.

Unmatched Offerings at Caesars New Orleans

Caesars New Orleans stands out as the only land-based casino in the area, offering nearly 800 hotel rooms across two towers: the newly built Caesars Tower and the original hotel tower on Poydras Street. The casino features over 150,000 square feet of upgraded gaming and dining space, showcasing more than 1,300 slot machines, 120 table games, and a dedicated World Series of Poker Room with 20 tables.

Casino enthusiasts can also enjoy the state-of-the-art Caesars Sportsbook, which spans an impressive 5,700 square feet, enhancing the property’s allure for sports fans.

A Dining Experience Like No Other

Culinary enthusiasts visiting Caesars New Orleans are in for a treat. The revamped dining experience includes Louisiana’s first Nobu restaurant, the esteemed Emeril’s Brasserie helmed by local culinary icon Emeril Lagasse, and a celebrity-driven food hall featuring creations by renowned chefs such as Bobby Flay, Buddy Valastro, and Nina Compton. Each restaurant offers a unique flavor profile, further enriching the guest’s culinary journey.

Additionally, the stunning new center bar, Octavia, serves as a vibrant social gathering place and a focal point for nightlife experiences within the resort.

Conclusion

Caesars Entertainment’s transformative investment in Caesars New Orleans embodies the fusion of luxury, entertainment, and culinary excellence that defines modern tourism in the Big Easy. As the resort opens its doors to visitors, it sets the stage for unforgettable experiences, catering to both locals and tourists alike. With a strong blend of respect for local culture and a commitment to world-class hospitality, Caesars New Orleans is not just a casino; it is a vibrant part of the community poised to thrive for years to come.

The post Caesars Reveals $435 Million Revamp of New Orleans Casino appeared first on Helpslotwin Best Online Casino.

After four long years of construction delays, the Caesars Hotel and Casino in New Orleans is ready to welcome guests with its stunning transformation. This monumental $435 million project, which comprehensively renovated the former Harrah’s property, is not only a testament to resilience, particularly in the face of post-pandemic inflation, but it also positions New Orleans as a prime destination ahead of the eagerly anticipated 2025 Super Bowl.

A Monumental Transformation

The journey of renovation began with a construction fence that succinctly stated, "Rome wasn’t built in a day," aptly reflecting the lengthy process that involved substantial planning and execution. The Caesars Hotel and Casino, which has served visitors for nearly 25 years, underwent a complete overhaul designed to modernize its offerings while enhancing the guest experience.

General Manager Samir Mowad candidly described the challenges of the renovation, likening it to "changing the tires on a moving bus." Despite budget increases of over $100 million and numerous delays, the team persevered, and the project is finally set to unveil the many changes to the public.

Enhancements Fit for a King

Central to the renovation is a complete revamp of the 115,000-square-foot gaming area. Casino enthusiasts can look forward to impressive new features that include:

• A brand-new World Series of Poker Room.
• An upgraded Caesars Sportsbook area, featuring a colossal 147-foot wall of TV screens, perfect for sports fans eager to catch their favorite games.
• A High Limit gaming section catering to high rollers with minimum bets starting at $100.

For those seeking an exclusive experience, private Salon rooms now offer personalized table games along with opportunities to mingle with sports and entertainment celebrities. Director of Security and Facilities, Stacey Dorsey, remarked, "At the point you’re in the Salon, everyone is a celebrity," highlighting the luxury that guests can expect.

Luxury Accommodations

In addition to the entertainment offerings, Caesars has introduced a striking 15-story, 340-room hotel annex along Convention Center Boulevard. This new building features a "valet porte cochère" at its entrance for added convenience.

Particularly noteworthy is the creation of a "hotel within a hotel" that carries the exclusive Nobu brand, boasting 54 luxury rooms including 12 suites designed for the most discerning clientele. Each suite reflects the elegance and sophistication that Nobu is famous for, providing a unique stay for guests who value high-end hospitality.

Culinary Innovations

Dining options at Caesars have expanded dramatically, showcasing an array of high-profile culinary talents. Under the helm of celebrated chef Nobu Matsuhisa, his new Nobu restaurant has now opened on the casino level, available seven days a week. The restaurant presents a captivating menu featuring a blend of sushi, sashimi, and signature hot and cold dishes, appealing to those who appreciate gourmet dining.

Moreover, Emeril’s Brasserie, crafted by New Orleans’ own culinary icon, Emeril Lagasse, has made its debut on the Canal Street side of the casino. Unique to New Orleans, this new brasserie concept excites both locals and tourists alike. "Emeril is not cookie cutter, and he wanted to open his first brasserie here,” Mowad expressed, reflecting the synergy between the chef’s renowned legacy and the vibrant city.

Adding to the gastronomic delights is a sprawling 12,000-square-foot food court, home to fast-casual dining options helmed by notable chefs such as Nina Compton, Bobby Flay, and Buddy Valastro. Together, they introduce an exciting mix of international and local flavors, catering to all palates and preferences.

A New Social Scene

Replacing the former Masquerade dance club is the revamped lounge, Octavia. With a jaw-dropping design that includes a magnificent $750,000 chandelier, this venue is poised to become a social hotspot. Mowad commented, “The volume of the space of Octavia is jaw-dropping,” emphasizing the welcoming ambiance designed to impress visitors.

A Catalyst for Growth

The renovation of Caesars New Orleans is more than just the transformation of a casino; it signifies a strategic effort to uplift the hospitality district in New Orleans. As a critical part of a broader revitalization initiative, Mowad reflects, “Just think about how this little corner of New Orleans has now been transformed over the last five, six years.”

This ambitious transformation coincides with other large-scale development projects in the downtown area, such as the $530 million Four Seasons Hotel and Condominiums and the $570 million upgrade to the Ernest N. Morial Convention Center. Together, these significant investments, exceeding billions of dollars, aim to reshape the city’s hospitality landscape ahead of the 2025 Super Bowl.

Conclusion

With its enhanced gaming options, luxurious accommodations, and a wealth of dining experiences, Caesars Hotel and Casino in New Orleans is primed to captivate visitors long after the Super Bowl festivities conclude. This renovation heralds a new era for both the property and the city, blending a legacy of luxury with modern sophistication to create a truly unforgettable experience for all its guests. Whether you’re a gaming aficionado, a culinary enthusiast, or simply looking for a comfortable stay, the newly revamped Caesars invites you to explore and indulge in all that it has to offer.

The post Caesars Announces $435 Million Renovation of New Orleans Hotel and Casino in Preparation for the 2025 Super Bowl appeared first on Helpslotwin Best Online Casino.

After years shrouded in construction barriers and anticipation, the iconic Caesars Hotel and Casino in New Orleans is set to reopen, revealing an impressive $435 million transformation. With the construction fence finally coming down, the venue is now prepared to welcome thousands of visitors, particularly those expected for the much-anticipated Super Bowl 2025. This renovation project marks a significant milestone, evolving from the original Harrah’s Casino that first opened nearly 25 years ago.

Behind the Scenes: A Complex Undertaking

The renovation of Caesars has been likened to “changing the tires on a moving bus.” Samir Mowad, the general manager, reflects on the challenges faced during the renovation, which included rising costs attributed to post-pandemic inflation and inevitable delays. Initially estimated at a lower figure, costs unexpectedly soared by over $100 million. Despite these hurdles, the project is now nearing its completion, showcasing a refreshed hospitality district in one of New Orleans’ key areas.

A Transformative Spectacle

The newly revamped Caesars Hotel and Casino promises a rich offering for visitors. The gaming area has received extensive upgrades, now featuring a state-of-the-art World Series of Poker Room and a Caesars Sportsbook with a staggering 147-foot wall of televisions designed to captivate sports enthusiasts. Mowad envisions this corner of New Orleans as a flourishing destination, enhanced by the recent renovations and other developments in the vicinity.

Modern Accommodations and Exclusive Experiences

Part of the major overhaul includes a 340-room hotel annex that elevates the experience with a “hotel within a hotel” concept featuring the prestigious Nobu brand. This exclusive setting boasts 54 luxurious rooms, including 12 suites, tailored for high rollers seeking privacy and premium accommodations. The arrangement enhances the venue’s appeal to affluent gamblers looking for a combination of comfort and extravagance.

In addition, the culinary offerings have expanded significantly. A Nobu restaurant has been opened on the casino level, accessible through a stunning new marble foyer adorned with a 15-foot statue of Julius Caesar. Complementing this upscale dining experience is Emeril’s Brasserie at the Canal Street entrance, alongside a vibrant 12,000-square-foot food court that features local chef Nina Compton as well as culinary icons Bobby Flay and Buddy Valastro.

Strategic Positioning and Future Aspirations

Mowad emphasizes the strategic importance of Caesars in the context of substantial investments in the area. The property is flanked by reputable establishments like Windsor Court and the Four Seasons, creating a competitive and luxurious environment. The revitalization of the casino is part of a larger pattern of investment that has transformed the New Orleans hospitality scene. Notable mentions include the $530 million Four Seasons Hotel and Condominiums, completed in 2021, and the ongoing developments of the Ernest N. Morial Convention Center, which recently underwent a $570 million upgrade and is expanding into the new $1 billion River District.

The Caesars renovation exemplifies a long-term commitment to enhancing New Orleans as a premier destination in the global market. In addition to attracting visitors, the project aims to increase job opportunities, with a deal to extend the casino’s exclusive license for 30 years, generating an estimated $130 million while creating 500 new jobs.

A Bright Future Ahead

The hope for Caesars, as articulated by Mowad, is to revitalize the vision established in the 1990s when Harrah’s first opened. This includes finally reaching the potential that escaped previous iterations of the casino. The strategic renovations, along with changing visitor patterns and upcoming events like the Super Bowl, set a promising stage for the casino and the city.

In the wake of the COVID-19 pandemic and the challenges posed to the hospitality industry, the revamped Caesars Hotel and Casino signifies more than just a renovation; it is a testament to resilience, innovation, and the transformative power of community investment. As the saying goes, "Rome wasn’t built in a day," and neither was Caesars—now poised to take center stage in New Orleans’ economic revival and hospitality renaissance.

The post Explore the Renovated Caesars Casino in New Orleans, LA | Business Update appeared first on Helpslotwin Best Online Casino.

In an exciting development for food lovers and locals alike, celebrity chef Gordon Ramsay is set to make a grand entrance into Virginia’s culinary scene with the opening of Ramsay’s Kitchen at the new Caesars Virginia casino resort in Danville. This marks Ramsay’s first restaurant venture in the state, promising to offer an extraordinary dining experience that combines his world-renowned culinary expertise with local flavors.

A Culinary Journey Awaits

Ramsay’s Kitchen is described as a culinary journey inspired by Chef Ramsay’s travels around the globe. It aims to take guests on an exploration of diverse gastronomies while incorporating tastes and ingredients that reflect the essence of Virginia. This fusion of global cuisines not only showcases Ramsay’s international influence but also pays homage to local produce and culinary traditions, allowing diners to experience a rich tapestry of flavors.

A Statement from the Chef

Chef Ramsay expressed his enthusiasm for this new venture: “Caesars Virginia sets the standard for approachable luxury, and I’m so proud to open my first restaurant here inside this beautiful resort. My longstanding partnership with Caesars has proven to be a fan favorite time and time again. I’m beyond excited to continue that here in the Commonwealth of Virginia by sharing my take on global cuisine.” His excitement is palpable and reflects his commitment to delivering an exceptional dining experience.

An Unforgettable Menu

The menu at Ramsay’s Kitchen is expected to impress even the most discerning food enthusiasts. According to Caesars Virginia, diners can indulge in a variety of exquisite dishes, including the iconic Beef Wellington, crispy skin salmon, and pan-seared scallops. The restaurant will also feature a hearty 24-ounce bone-in ribeye, fresh Virginia oysters, and mouthwatering jumbo lump crab cakes. For those seeking a taste of adventure, sticky chicken wings are sure to tantalize the palate. The dessert menu promises to be equally enticing, rounding out a well-curated dining experience that celebrates both gourmet cuisine and comfort food.

Elevating the Local Dining Scene

Chris Albrecht, SVP & GM of Caesars Virginia, expressed his excitement about adding Ramsay’s Kitchen to the resort’s offerings: “Ramsay’s Kitchen brings an elevated dining option not just to our resort, but it brings a world-class option that the region hasn’t seen.” The introduction of a Michelin-starred chef’s restaurant in the area is anticipated to elevate Danville’s reputation as a dining destination, attracting food lovers from all around.

A Timely Opening

Ramsay’s Kitchen is slated to open alongside the Caesars Virginia resort later this year, with the promise of serving breakfast, lunch, and dinner. As preparations for the launch are underway, anticipation is building within the community and beyond. The combination of a lavish casino resort and a globally recognized chef creates a buzz that’s hard to ignore.

Conclusion

The opening of Ramsay’s Kitchen is not just a gastronomic milestone for Danville; it’s a celebration of culinary diversity and a testament to the collaboration between renowned chefs and innovative resorts. Diners can look forward to a remarkable blend of flavors and an atmosphere that captures the essence of luxury dining. As the countdown begins, the excitement surrounding this culinary adventure continues to grow, ensuring that Ramsay’s Kitchen will be a must-visit destination in Virginia once it opens its doors.

The post Danville Caesars Casino to Welcome Gordon Ramsay Dining Experience appeared first on Helpslotwin Best Online Casino.