Showing posts with label Harrah. Show all posts
Showing posts with label Harrah. Show all posts

During the time that the lawmakers in the US work on overturning the Unlawful Internet Gambling Enforcement Act, Harrah's Entertainment has quietly launched their new online casino. Harrah's Entertainment has been getting ready for introducing their latest online casino, and now it’s time for their Caesars Casino Online debut.

Caesars is one of the world’s most recognized gambling entertainment brands as many of you already know. Known for its style, ambiance and luxury, you can now enjoy those same aspects of this world renowned online casino. From the motto itself, “Harrah's Getting Set To Take Gambling Online”, and signed a long-term settlement deal with one of the most pre-eminent online gaming group, 888 Holding (Dragonfish) to provide Harrah's with online gambling services.

Caesars Casino Online is powered by Dragonfish and appears to offer a variety of games, including roulette, craps, Caribbean Poker, three-card poker, video poker, video slots and blackjack and offering a 100% welcome bonus for up to £500. As of now, it is not accepting players from the U.S. or Germany. Players from the United States are redirected to a page that lists Caesars' land-based gaming properties.

It is also offering comp points based on how much players bet. It is not clear if the comp points system will be tied into Harrah's Total Rewards. Since the original Caesars Palace hotel and casino was constructed in Las Vegas. It has been associated with the best and the brightest with having a forged ties with Hollywood stars like Frank Sinatra, Sammy Davis Jr.m Dean Martin, Muhammad Ali, Joe Louis, Evel Knievel, and David Copperfield. Caesars Brand is now synonymous with indulgence, boldness, and prestige.

The superior quality that Caesars is recognized in online gambling as Caesars Casino Online establishes itself as a beacon to the industry as its sets the standards in providing an exceptional customer service and offering to its online clients generous online casino bonuses and promotions.

It has been a widespread opinion within the online gambling industry that Harrah's wanted to have their online casino up and running in preparation of law changes in the US. The company, based in Las Vegas, would most likely be one of the first licensed for online gaming should the US regulate online casino.

For the second time in about 30 days, Harrah's Entertainment has decided to expand more casino gambling by an international project. There may be a new level of casino gambling as Harrah’s Entertainment’s systematic takeover of the entire civilized Western world: it would appear that the world’s largest casino company is now creeping into Eastern Europe as well.

Harrah's Entertainment has signed a non-binding letter of intent with TriGranit, a Hungarian developer, to manage casinos and hotels that would be part of a $2.2 billion mixed development known as "Metropolis" outside of Bratislava, Slovakia.

Harrah's has made several preceding attempts to her foot in Eastern Europe, but so far has not been able to secure entry. A plan to partner with a Slovenian company to develop a casino there was uphold over last year.

“Under the plan, Harrah's would contribute less than $50 million to the project, there is still no guarantee the deal will go through. Harrah's involvement is dependent on TriGranit receiving the necessary governmental approvals to proceed with the development. Even if it succeeds, it could some time before the project breaks ground.” Harrah's senior vice-president of communications Jan Jones confirmed the report.

The “Metropolis” development plans covering a retail mall, adventure and water parks, a golf course and hotels and casinos. The project is slated to begin in 2010, and will take shape in phases over the following subsequent 5 years. Part of its first phase would be the openings of 3 hotels and a casino, slated for the first quarter of 2012.

Moreover, the “Metropolis” is planned for 74 acres outside Bratislava. It would be within 137 miles of 4 international airports that handle 40 million passengers a year.

Harrah's senior vice-president of communications Jan Jones believes the region offers an enormous embryonic market with access to gamblers from Russia, Norway, Italy and Austria. While gambling is legal in many Eastern European countries, few large casino resorts have been approved there.

Harrah's is still negotiating the financial terms of its involvement with TriGranit, which owns and is developing projects in 7 countries in Central and Eastern Europe. It was closeness to countries as diverse as Russia, Britain, and Italy, while enjoying much more lax government control.

The 888.com, one of the U.K.’s second-largest online casino company, that soared high to 14%. The company’s Dragonfish business-to-business unit will provide poker and casino services to Harrah’s in “a multimillion dollar” deal, 888 Chief Executive Office Gigi Levy said.

The deal that they have signed is to provide online services to a unit of Harrah’s group, thus it could be the way of a potential re-admission into the US market.

Harrah's leasing of online software from 888 subsidiary Dragonfish shows an acceptance by Vegas gaming operators that buying software may be a better route than developing their own product.” said Jerry Boyle, a Las Vegas gambling observer.

It’s going to be the big U.S. players that take advantage of the situation,” he said. “The easy entry for us, being that all these companies require infrastructure and services, is on the Business-to-Business side.” Gigi Levy said.

As Harrah’s, one of the powerful casino company in the world, has been lobbying the US Congress to consent to already licensed gambling operators in the US to take online stakes from US residents. 888 have seen this as an opportunity to come into possession of an earlier foothold in the US market if online gambling is legalized in the States.

The 888 will offer support services in gaming and payment software for Harrah’s World Series of Poker and Caesars Casino brands their support services in gaming and payment software within the UK. 888 are also deliberating about business contracts with other US companies, and they are not in the casino industry. They are also looking to make an acquisition for the business unit in the near future.

It was surprising that Harrah’s preferred to partner with 888 that has so far declined to seek a settlement with the Department of Justice over its operations in the U.S.

888 is also discussing additional business contracts with a “few other U.S. companies and not just in the field of casinos,” Levy said.

He also count upon making an acquisition for the business unit “in the coming quarter.”