STOCK TITAN

Caesars Sportsbook Begins Accepting In-Person Sports Bets in Louisiana

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

On October 31, 2021, Caesars Entertainment (NASDAQ: CZR) launched in-person sports betting at Harrah's New Orleans and Horseshoe Bossier City, marking a historic milestone for the Louisiana market. The first bets were placed during simultaneous events, including a ceremonial bet by former NFL player Bobby Hebert. The company anticipates the launch of mobile betting once it receives regulatory approval. Caesars is committed to enhancing customer experience through its sports betting offerings and plans for new retail sportsbooks and extensive renovations at existing locations.

Positive
  • Launch of in-person sports betting at two major casinos in Louisiana.
  • Anticipation for future mobile sports betting following regulatory approval.
  • Ceremonial first bet raised community engagement and interest.
  • Investment in new sportsbooks and renovations enhances long-term growth.
Negative
  • None.

NEW ORLEANS and BOSSIER CITY, La., Oct. 31, 2021 /PRNewswire/ -- Two casinos with longstanding legacies in Louisiana are now accepting in-person wagers on sports. Part of Caesars Entertainment, Inc. (NASDAQ: CZR) ("Caesars"), Harrah's New Orleans and Horseshoe Bossier City Hotel & Casino made history on Sunday, Oct. 31, by accepting their first-ever in-person sports bets through the best-in-class Caesars Sportsbook.

"Caesars is proud of our commitment to Louisiana and the entire Gulf Coast region," said Dan Real, Regional President, Caesars Entertainment. "Today was historic for us as a company and we're excited to open our new Caesars Sportsbook locations at Harrah's New Orleans and Horseshoe Bossier City to honor the legacy these properties hold in the region. We can't wait to introduce all that sports betting has to offer to sports fans while sharing our emphasis on responsible gaming."

To commemorate the milestone, Caesars held simultaneous first bet events at temporary retail sportsbooks inside Harrah's and Horseshoe. In New Orleans, former New Orleans Saints quarterback and current media personality Bobby Hebert placed the ceremonial first bet to benefit Second Harvest Food Bank. At the same time, Mayor Tommy Chandler cut the ribbon to get wagering underway in Bossier City. Lines of sports fans eager to get in on the action built at both sportsbooks, led in Bossier City by a guest betting $55,000 on the Detroit Lions to cover +3.5 against the Philadelphia Eagles.

With mobile sports wagering still pending regulatory approval, sports fans in the region are encouraged to visit these properties to learn about in-person sports betting and responsible gaming while taking advantage of this new entertainment offering.  

"We are excited to bring sports betting to our valued customers in Louisiana," said Eric Hession, Co-President of Caesars Digital. "The launch of our sportsbooks at Harrah's and Horseshoe is just the beginning. Once mobile sports betting is live, we look forward to serving sports fans on every platform and offering all of our customers unforgettable experiences with Caesars Rewards."

In addition to the in-person bets being accepted at these properties, the easy-to-navigate Caesars Sportsbook app is currently available for download on iOS or Android by eligible sports fans in Louisiana, offering an early chance to download, register and deposit funds. Early registrants can explore a wide range of live markets and odds – including for every local team – while also combining emperor-worthy offers to prepare for mobile wagering's eventual launch:

  • Register early to get a $100 Free Bet bonus:
    • Download and register prior to the first day of sports betting to receive a $100 Free Bet bonus the day mobile wagering goes live
  • Plus, deposit and have funds in an account at launch, and for every point scored by select local teams during launch week, receive an additional $1 in Free Bet bonuses:
    • Deposit and retain in your account $50 or more by mobile launch date to earn a Free Bet bonus equal to the points scored by top Louisiana teams during our mobile sports betting launch week

Both online and in-person, Caesars Sportsbook integrates the industry-leading loyalty program, Caesars Rewards, to deliver on the Caesars promise of treating every sports bettor like royalty. Win or lose, every bet placed rewards the bettor with Tier Credits and Reward Credits that can be used to unlock unbeatable experiences within the Caesars portfolio of properties and partnerships.  

Harrah's and Horseshoe will each open a brand-new state-of-the-art retail sportsbook in 2022. Caesars is also investing hundreds of millions of dollars to transform Harrah's New Orleans into Caesars New Orleans and Isle of Capri Lake Charles into Horseshoe Lake Charles. When the renovation is finished in the fall of 2022, Horseshoe Casino Lake Charles will reopen with a Caesars Sportsbook location.

Caesars Sportsbook is the official sportsbook partner of LSU Athletics, the official casino sponsor and an official sports betting partner of the NFL, and has partnerships with the NBA, NHL, MLB, and several individual teams. Caesars' commitment to Louisiana also includes the recent 20-year, exclusive naming-rights partnership with the New Orleans Saints to rebrand New Orleans' iconic downtown stadium as the Caesars Superdome.

For real-time industry updates and to join the empire of like-minded Caesars, players can engage with the Caesars Sportsbook social handle @CaesarsSports on Twitter, Instagram and Facebook.

For event photos, click here.

About Caesars Entertainment, Inc.
Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment Company in the U.S. and one of the world's most diversified casino-entertainment providers. Since its beginning in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.'s resorts operate primarily under the Caesars®, Harrah's®, Horseshoe®, and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality amenities, one-of-a-kind destinations, and a full suite of mobile and online gaming and sports betting experiences. All tied to its industry-leading Caesars Rewards loyalty program, the Company focuses on building value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know When To Stop Before You Start.® Gambling Problem? Call 1-800-522-4700. For more information, please visit. www.caesars.com/corporate. If you think you or someone you care about may have a gambling problem, call 1-877-770-STOP (1-877-770-7867).

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/caesars-sportsbook-begins-accepting-in-person-sports-bets-in-louisiana-301412504.html

SOURCE Caesars Entertainment, Inc.

FAQ

When did Caesars start accepting in-person sports bets in Louisiana?

Caesars began accepting in-person sports bets on October 31, 2021.

What are the locations where Caesars Sportsbook is available in Louisiana?

Caesars Sportsbook is available at Harrah's New Orleans and Horseshoe Bossier City.

What is the significance of the first bet event for Caesars?

The first bet event marks a historic milestone for Caesars and the Louisiana sports betting market.

Will Caesars offer mobile sports betting in Louisiana?

Yes, Caesars plans to offer mobile sports betting once it receives regulatory approval.

What promotions are available for early registrants at Caesars Sportsbook?

Early registrants can receive a $100 Free Bet bonus and additional bonuses based on local team performance.

Caesars Entertainment, Inc.

NASDAQ:CZR

CZR Rankings

CZR Latest News

CZR Stock Data

8.89B
216.34M
0.72%
106.32%
7.61%
Resorts & Casinos
Hotels & Motels
Link
United States of America
RENO