Today’s need-to-know news – Thursday, January 15

Today’s need-to-know news – Thursday, January 15

Thursday, January 15, 2015 Totally Gaming

Caesars Entertainment Corp. has, as expected, placed its largest unit under Chapter 11 bankruptcy protection in an effort to reduce the US casino operator’s debts by nearly $10bn (€8.5bn). Caesars claims it has the support of the majority of its senior bondholders to implement a plan that will reduce Caesars Entertainment Operating Company’s debts from $18.4bn to $8.6bn. However, junior noteholders oppose the plan – which would split the operating unit into a casino company and a publicly traded real estate investment trust – as they would receive less than 10 per cent of the $5bn they are owed, according to the Reuters news agency. Caesars’ venues and other divisions will continue to operate as normal during the process...

Also in the US, Washington and Mississippi have become the latest states where online gaming bills have been tabled by supporters this week. The Washington bill, introduced by Rep. Sherry Appleton, only covers online poker. Rep. Bobby Moak put forward the bill in Mississippi in the hope that all forms of online gaming will be regulated in the state. However, Moak has tried and failed to introduce such legislation in each of the past three years...

The financial rewards for US states, though, are attractive. The US state of New Jersey has revealed that it generated total online gaming win of $122.9m (€104m) during its first full calendar year of regulated online gambling...

Sports media company LiveSport has snapped up a majority shareholding in Danish betting software and data provider Enetpulse. The deal comes nine months after the LiveSport Media division acquired the SoccerStand.com website from Enetpulse, which provides its InPlay sports data product to the betting sector. Terms of the latest deal were not disclosed...

Online payment provider Optimal Payments has projected revenue of at least $365m (€428m) for 2014, a 44-per-cent increase on the $253.4m generated in 2013. In a trading update, Optimal said that EBITDA for last year is likely to rocket by 65 per cent to at least $86m...

EGS has become the first provider in Belgium to offer a live dealer service in the country since new regulations were introduced by the national Gaming Commission. The commission recently told operators that if they want to offer live dealer solutions, they must originate and broadcast the services within the country. The company is offering the service in partnership with Belgian gaming provider GAA, Israel-based live dealer technology specialist Ezugi and Dutch investment firm Gaming Ventures.

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