Caesars Spends $4 Million on New Sportsbook, Poker Room at Illinois Casino
Caesars Entertainment is spending $4 million on enhancements at the Grand Victoria Falls Casino inwards Elgin, Ill. — an travail resulting inward a refurbished sportsbook and a young World Series of Poker (WSOP) salamander room.
Eldorado Resorts — the keep company that acquired Caesars inwards 2020 — purchased the Prairie State gambling casino in 2018 for $327.5 1000000 inwards cash.
Grand Victoria Casino, set inward Elgin, Illinois, is some 40 miles west of downtown Chicago on the banks of the Fox River. The prop features 1,088 slot machines, 30 tabularise games, a 12-table stove poker elbow room and four dining options,” according to a statement.
The young sportsbook and WSPO poker game way testament be inwards infinite antecedently occupied by Indulge Kitchen Buffet. The sportsbook commands 2,100 square up feet while the stove poker way occupies 4,400 square up feet and features 20 tables. The sporsbook has trey customer service windows and foursome self-service kiosks. In November, Grand Victoria is hosting the first-class honours degree WSOP case in Land of Lincoln history.
Perhaps Good IL Timing
News of the revamped poker game and sports betting options at the Grand Victoria Casino could amount to unspoiled timing for Caesars inward a securities industry that’s progressively competitive.
Earlier this month, William Penn Entertainment proclaimed it is disbursal $360 million to bring its Hollywood riverboat gambling casino in Aurora ashore. Another $185 billion is allocated to take a riverboat gaming watercraft ashore inward Joliet.
Additionally, Illinois, in less than triad years on the regulated US sports wagering scene, is tight climbing state-by-state rankings. Recent information from the Land of Lincoln Gaming Board (IGB) suggest the commonwealth hauled in almost $565 gazillion inwards 144 gaming revenue (GGR) in August, making it the second-largest sports betting say by that metric, surpassing New island of Jersey inwards the appendage and trailing only New York.
Illinois sportsbooks experience notched well-nigh $1 1000000000 inward GGR since going unrecorded in March 2020, delivering $175 one thousand thousand to country coffers along the way.
Caesars operates II other casinos inwards the land – Harrah’s Joliet and Harrah’s Metropolis.
Caesars Sportsbook Update
Caesars Sportsbook is the brandmark through which bettors inwards IL and other stages station online and mobile bets with the gaming company.
On a national basis, the operators is usually around the fourth-largest behindhand FanDuel, BetMGM and DraftKings, depending upon the state, but Caesars was among the firstly sportsbook companies to markedly tieback advertising spending, indicating it’s amassing marketplace divvy up on a cost-effective basis.
Analysts expect that social unit will write up a third-quarter loss, but that deprivation is calculate to be among the lowest since the unit’s inception, pavement the path for the operator to potentially live among the first off to turn a gain from online gaming and sports betting.