World Poker Tour Online

BRAND CHANGE FOR CAKE POKER
2013-08-06

The keen-eyed spotters at online poker information site 4Flush have picked up a brand-change at Cake Poker, where poker players will now find themselves re-routed to a new and rather ordinary and uninspiring website at WinCake.com.
The switch coincides with a download software upgrade, but little else has changed, and there has been no apparent shift in ownership from Cake Entertainment N.V., 4Flush reports.
The site carries the Curacao licensing emblem, and reveals that Cake Poker has been "remodelled" and relaunched as WinCake.com with a range of poker and casino games.
Interestingly, the notification also advises that sports and live betting is part of the owner's future plans.
The change does not affect the US-friendly sister brand Juicy Stakes, reports 4Flush.




CAESARS TO SPIN OFF INTERACTIVE ARM
2013-04-25

Move to be executed through Apuestas Deportivas Online Bingo Play Slots Online in US NFL Betting Picks 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.



March Madness Bracket
2015-02-15

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WSOP 44TH ANNUAL TOURNAMENT DATES FINALISED
2012-11-15

WSOP.com has set dates for the kick-off of its 44th Annual World Series of Poker to be held again at the Rio All-Suite Hotel & Casino in Las Vegas.
The tournament will run for a duration of 49 days starting on May 29, 2013 and ending July 16, 2013 with organisers promising "an action packed schedule".
The main event will run over 10 consecutive days ending July 16, 2013 featuring starting flights on July 7, 8 and 9, 2013.
Detailing nearly 500 tables, around 60 gold bracelet events, satellites, cash games, daily deep stack tournaments and a similar roster as years past, the schedule will again include seniors, ladies, charity and casino employee tournaments.
The 2012 WSOP attracted 74 766 participants in a total of 61 events, generating a prize pool of more than $222 million the largest prize pool in the WSOPs 43-year history. Participants in WSOP events hailed from 101 countries in 2012.