Beginning a new feature series for SBC, Brand Ambassador Ilya Machavariani Senior Partner and CEO at 4H Agency examines the technical challenges and conflicts that operators face in 2022 and beyond. Feature-1 sees Machavariani interview US markets compliance expert, Frank, the CEO of Odds on Compliance and former VP of Legal Affairs for The Stars Group. Providing his firsthand knowledge …
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Sports betting news and analysis providers BetChicago has announced its preparation for legalised sports wagering, by inking a multi-year partnership with Sportradar. The deal marks initial manoeuvres by the firm, headquartered in Naperville, a western suburb of Chicago, ahead of potential legal market within the state of Illinois. As part of the agreement various Sportradar media products have been integrated …
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Issuing a market update, Chicago-based US casino operator Rush Street Gaming has confirmed the appointment of Mark Lunter as its new Chief Marketing Officer. A casino marketing veteran, Lunter joins Rush Street from market competitor Caesars Entertainment, where he served as Regional Vice President of Marketing for Caesars Eastern US properties (Baltimore, Philadelphia and Tunica). Lunter has also held marketing leadership …
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US business news sources have reported that the governance of Caesars Entertainment Corporation (CEC) are closing in on a final resolution with senior creditors relating to the $18 billion debt restructure of its ‘Caesars Entertainment Operating Company’ (CEOC). 90% of Caesars creditors are reported to have accepted terms relating to the CEOC debt reorganisation. Furthermore, debt stakeholders have chosen …
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Updating the market on Tuesday, Caesars Entertainment Corp (CEC) governance declared that it had reached a $5 billion settlement with the majority of creditors owed by its bankrupt operating unit Caesars Entertainment Operating Co (COEC). Following nearly two years of litigation disputes, the COEC $18 billion bankruptcy restructure clears its biggest hurdle with private equity backers Apollo Global Management and TPG …
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The ongoing restructure of Caesars Entertainment Operating Company (CEOC) $18 billion bankruptcy has been hit with a further setback, following the communication that its mediator has abruptly stepped down from proceedings. On Friday a Chicago US bankruptcy court filing informed stakeholders that Judge Joseph Farnan who was appointed in March to arbitrate negotiations between CEOC and its creditors had chosen …
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Embattled Caesars Entertainment Corporation (CEC) has been granted a temporary reprieve by Chicago bankruptcy Judge A. Benjamin Goldgar, who has halted bondholder legal proceedings against the company. Judge Goldgar, heard the plea of Caesars bankrupt unit ‘Caesars Entertainment Operating Co’ (COEC) which stated that lawsuits seeking $11 billion compensation against CEC would finish any chance of the company restructuring its …
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Caesars Entertainment Corporation’s (CEC) year-long negotiations with creditors regarding the bankruptcy of its debt-burdened operations division ‘Caesars Entertainment Operations Company’(CEOC) has hit a deadlock according to mediator Joesph Farnan. Updating Chicago’s bankruptcy court, Farnan detailed that negotiations were not progressing as CEC is unwilling to provide new concessions to its creditors. Furthermore, Farnan would detail that there would be …
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The Nevada Gaming Control Board have announced that bettors wagered $132.5 million on the Denver Broncos’ 24-10 victory over the Carolina Panthers. That figure topped the previous record of $119.4 million from two seasons ago, when the Seattle Seahawks beat the Broncos. The house won $13.31 million, making a profit for the 25th time in the past 27 years. It was …
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