The rumors about Cantor Gaming taking over Caesars Entertainment sportsbooks are out there again. This rumor has been around for over a year. After all, it takes a while for such large companies to
turn the battleship negotiate a deal.
— cris (@lasvegascris) September 28, 2012
This is just a tweet from a source I don’t know, but I’ve been following this since the initial rumor and everyone I’ve spoken to thinks that this a) makes sense and b) is inevitable.
Caesars has been partnering with more companies then ever before and this is a natural partner. This is low-risk for Caesars Entertainment since sportsbooks only produce about 1% of gaming revenue for casinos and potentially improves infrastructure in their casinos.
January 1 allows Cantor Gaming some time to set up operations in the sportsbooks throughout Nevada in time for the Super Bowl. Remember, Caesars has properties in Laughlin, Reno and Lake Tahoe in addition to Las Vegas.
If the rumor is true this time we should expect an announcement later this year and construction to begin on a new Caesars Palace sportsbook. If they can replicate the beautiful Venetian sportsbook, Caesars Palace will have a beautiful new centerpiece for their casino at little cost.
I’m looking forward for this deal to become official so I can dig a little deeper.