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Gambling in the USA

Caesars Entertainment Appoints Tony Rodio as Chief Executive Officer

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Photo Source: cincinnatiprofile.com

 

Board Forms Transaction Committee to Oversee Ongoing Value Creation Efforts

 

Caesars Entertainment Corporation today announced that its Board of Directors has named Anthony (“Tony”) Rodio as Chief Executive Officer. Mr. Rodio, who is currently CEO of Affinity Gaming, will be transitioning to Caesars during the next thirty days. He will join the Company’s Board of Directors and be based in Las Vegas. The Board also announced the creation of a Transaction Committee to oversee the Company’s evaluation of ongoing efforts in creating additional shareholder value.

“Tony brings to Caesars a track record of operational excellence, proven leadership and deep industry knowledge and expertise,” said James Hunt, Chairman of Caesars’ Board. “Tony is a respected and highly accomplished executive who has successfully built and grown businesses in our industry throughout his career. We are confident that Tony has the vision and depth of operating experience to lead our talented senior management team as Caesars continues its long history of delighting our guests, fostering a welcoming and rewarding workplace for our team members and creating value for shareholders and other stakeholders. Our entire Board looks forward to his leadership in evaluating and executing the Company’s go-forward plans.”

Mr. Rodio commented: “I have long admired Caesars and am optimistic about the Company’s future prospects. Our industry is going through a time of transition and opportunity and I look forward to leading Caesars’ exceptional team through the Company’s next phase of growth, innovation and value creation.”

Mr. Rodio has nearly four decades of experience in the gaming industry. Since October 2018, Mr. Rodio served as Chief Executive Officer of Affinity Gaming. Prior to this, he served as President, Chief Executive Officer and a member of the Board of Directors of Tropicana Entertainment, Inc. During his time at Tropicana, Mr. Rodio oversaw a period of unprecedented growth at the company, improving overall financial results with net revenue that increased more than 50% driven by both operational improvements and expansion across regional markets. Mr. Rodio led major capital projects including the complete renovation of Tropicana Atlantic City and Tropicana’s move to land-based operations in Evansville, Indiana. Each of these initiatives, among others, generated substantial value for Tropicana. Prior to Tropicana, Mr. Rodio held a variety of roles at Hollywood Casino and Harrah’s Entertainment.

Transaction Committee

The Board’s Transaction Committee, composed of independent directors, will continue to consider and evaluate various paths for enhancing shareholder value, including continuing to operate as an independent public company. The Committee members are Thomas Benninger, Keith Cozza, Don Kornstein and Courtney Mather. The decision to form this Committee follows inquiries from industry participants concerning possible transactions with Caesars. PJT Partners LP is assisting the committee with this process.

There can be no assurance that the exploration with other industry participants will result in any transaction or other result. The Committee has not set a timetable for completion of its review, and it does not intend to comment further regarding these matters unless a specific transaction or other alternative is approved by the Board of Directors or it is otherwise determined that further disclosure is appropriate or required by law.

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Tony Rodio Bio

Mr. Rodio, 60, served as Chief Executive Officer of Affinity Gaming since October 2018 and has over 37 years of experience in the casino industry.

Mr. Rodio started his gaming career in 1980 as an accounting clerk and transitioned into the management ranks, holding a succession of executive positions for casino brands including Harrah’s Entertainment, Trump Marina Hotel Casino, the Atlantic City Hilton Casino Resort and Penn Gaming.

Before leading the Affinity team, Mr. Rodio served as Chief Executive Officer and President of Tropicana Entertainment Inc. for over 7 years. During his tenure, he oversaw the deployment of significant capital investments and dramatically increased the earnings of the enterprise.

He has also served on the boards of professional and charitable organizations including Atlantic City Alliance, United Way of Atlantic County, the Casino Associations of New Jersey and Indiana, AtlantiCare Charitable Foundation, and the Lloyd D. Levenson Institute of Gaming Hospitality & Tourism.

Mr. Rodio holds a Master of Business Administration from Monmouth University and a Bachelor of Science from Rider University.

About Caesars Entertainment

Caesars Entertainment is the world’s most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment’s resorts operate primarily under the Caesars®, Harrah’s® and Horseshoe® brand names. Caesars Entertainment’s portfolio also includes the Caesars Entertainment UK family of casinos. Caesars Entertainment is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. Caesars Entertainment is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment. For more information, please visit www.caesars.com

 

SOURCE Caesars Entertainment Corporation

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Gambling in the USA

Inspired and bet365 Launch Next-Gen Virtual Sports: V-Play NHL, NBA Re-Play, and Re-Play eSports

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Inspired Entertainment, Inc. (“Inspired” or the “Company”) (NASDAQ: INSE), a leading B2B provider of gaming content, technology, hardware, and services, is proud to announce the launch of three groundbreaking Virtual Sports titles – V-Play NHL, NBA Re-Play, and Re-Play eSports – available through bet365, one of the world’s premier online gambling brands.

These new products represent the next generation of Inspired’s award-winning Virtual Sports portfolio, featuring cutting-edge motion capture, ultra-realistic animation, and non-stop action to deliver an engaging player experience.

V-Play NHL is an officially licensed product that brings the speed and intensity of professional hockey into the virtual arena. Featuring real NHL teams and logos, the game delivers an authentic sports betting experience with broadcast-quality graphics and dynamic gameplay.

NBA Re-Play, officially licensed by the NBA and the NBPA, uses iconic archive footage and advanced rendering technology to recreate unforgettable basketball moments. Fans can engage with the action in innovative ways, thanks to new betting formats and cinematic presentation.

Re-Play eSports™ offers fast, always-on Counter-Strike: Global Offensive (CS:GO) virtual gameplay and betting opportunities for one of the most popular competitive video games globally and its captive audience of digitally native fans. The product utilizes official tournament archive footage from the Champion of Champions Tour, a top CS:GO event, with official in-game data and video feeds provided by data and technology company GRID.

These new titles are part of Inspired’s growing suite of officially licensed North American Virtual Sports products available through bet365, further reinforcing the companies’ shared leadership in the space.

“We’re excited to expand our partnership with bet365 through the launch of these groundbreaking products,” said Brooks Pierce, President & CEO of Inspired. “With V-Play NHL, NBA Re-Play, and Re-Play eSports, we continue to redefine what’s possible in Virtual Sports, delivering high-quality, immersive content that resonates with both fans and bettors.”

“Inspired continues to lead the way in Virtual Sports innovation,” said a bet365 spokesperson. “With compelling visuals, official league integrations, and thrilling gameplay, these titles are set to be a major hit with our global audience.”

The launch highlights the ongoing collaboration between Inspired and bet365 and their joint commitment to innovation and player-first entertainment.

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All three products are now live on bet365’s global platform, fully optimized for desktop and mobile.

18+, GambleAware.org, Gambling can be addictive, please play responsibly.

 

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Gambling in the USA

Virginia Casino Revenue Increases 42.8% to $84.7M in July

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Virginia’s casinos have generated $84.7 million in adjusted gaming revenue in July, a 42.8% increase compared to $59.3 million in July 2024, boosted by Caesar Virginia opening its full casino in December.

According to the report from the Virginia Lottery, Caesars Virginia led the market with $35.1 million in AGR, up 86.5% year-over-year from the $18.8 million generated in 2024. Revenue from slots totaled $24.6 million, up from last year’s figure of $14.4 million. Table games saw an increase of 137% to $10.5 million in July.

Rivers Casino Portsmouth was the second-highest earner in the state but saw the smallest year-over-year increase. Revenues for table games and slots increased last month, with table games generating $7.9 million, up from $7.4 million, and slots rose by 3.4% from $18.3 million to $18.8 million.

Hard Rock Bristol posted the lowest AGR at $22.9 million, but it was a double-digit percent increase from the $14.8 million generated from the year prior, with slots accounting for 81.6%.

Virginia is close to welcoming its next casino in the form of an interim gaming hall. Boyd Gaming and the Pamunkey Indian Tribe will open the temporary casino in Norfolk in November, with the permanent resort slated for 2027.

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Gambling in the USA

New Jersey Gambling Revenue Surges in July with Online Casinos Leading Growth

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The gambling sector in New Jersey experienced impressive gains in July, hitting a total gaming revenue of $606.2 million. This figure marks an increase of 10.7% compared to July 2024, highlighting continued expansion within the state’s gaming market.

Online Casinos Set New Records with $247 Million Revenue

Online casino platforms played a key role in driving this growth, generating an unprecedented $247.3 million during the month. This amount represents a more than 25% rise from the same period last year and establishes a new monthly high for internet gaming in New Jersey. So far in 2025, online casinos have accumulated $1.63 billion in revenue, a year-over-year increase exceeding 23%. Major operators such as FanDuel, DraftKings, and BetMGM have been instrumental in positioning New Jersey as the leading state for legal online gambling in the US.

FanDuel maintained its position as the top online casino, earning $52 million in July—a 38% increase from the previous year. DraftKings followed with $48.6 million, while BetMGM generated $31.4 million. Additionally, Caesars Palace Online achieved a record $18.7 million, more than 50% above last year’s equivalent month. The fierce competition among these industry leaders has sparked innovation and increased player engagement, contributing to sustained market growth.

Land-based casinos in Atlantic City also experienced a positive month, collectively bringing in $284.1 million, a 4.3% increase compared to July 2024. The Borgata remained the highest-grossing casino with nearly $80 million in revenue, while Ocean Casino Resort recorded the fastest growth at over 18%. Hard Rock Atlantic City also noted gains. However, many of the older casinos continue to lag behind their pre-pandemic results, emphasizing the growing importance of newer venues in the market.

Conversely, sports betting revenue saw a decline. Earnings from bets placed at casinos, racetracks, and online platforms totaled $74.8 million in July, reflecting a 6.6% decrease year-over-year. The total amount wagered reached $664 million for the month, bringing the cumulative sports betting revenue for 2025 to $626.8 million—approximately 4% lower than last year’s figures.

Record-Breaking Year-to-Date Revenue and Tax Contributions

Despite the downturn in sports betting, New Jersey’s overall gambling industry has achieved record-breaking performance during the first seven months of 2025. Combined revenue from all gaming categories reached $3.92 billion, marking the highest year-to-date total on record for the state. In July alone, gambling-related tax revenues amounted to $81.7 million, contributing to a year-to-date total of $446.1 million to New Jersey’s fiscal resources.

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