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Media Man News Blog: Controversial Las Vegas Strip Casino Operator May Make a Big Change
Controversial Las Vegas Strip Casino Operator May Make a Big Change
The company operates casinos on the Las Vegas Strip as well as all over the country while also owning Barstool Sports.
Las Vegas never stops changing. In recent months we've learned that MGM Resorts International will sell The Mirage to Hard Rock International while Rival Caesar's Entertainment (CZR) - Get Caesars Entertainment Inc Report plans to rebrand its Bally's property under its Horseshoe brand. That's, of course, because the actual Bally's Corporation (BALY) - Get Bally's Corporation Report has made a deal to buy the non-land assets of the Tropicana in order to turn it into a Bally's.
At the moment, Bally's does not operate The Tropicana, that property is run by Penn National Gaming (PENN) - Get Penn National Gaming, Inc. Report, which sold the property to Gaming and Leisure Properties (GLPI) - Get Gaming and Leisure Properties, Inc. Report which licensed back the operating rights to the casino to Penn National.
That deal expires at some point in 2024, when you have to assume the property's new owner, Bally's, will actually run it, though it could license some of its operations to Penn.
Confused? It's Las Vegas where everything feels iconic even if it's new. Now, Penn National Gaming may be making a big change.
Penn Owns Barstool Sports and theScore
Penn, at least for the moment, operates multiple properties on the famed Las Vegas Strip. The Penn name isn't actually all that well known as it's not on any of its properties. Penn does, however, own a controlling stake in Barstool Sports, a controversial sports and lifestyle brand with a huge following among millennials.
The Barstool name appears not just on its website, but also on Penn's online sportsbook which now operates its app in 12 states. That makes Penn a competitor to Caesars and MGM not just in the brick-and-mortar casino world, but also in the growing digital gambling space.
Penn recently closed on its acquisition of theScore, a sports media company that also has its own betting app. As the owner of these two brands, Penn may want to change how people see it and a new patent application suggests it wants to change its name.
Trademark attorney Josh Gerben first shared the news that Penn could be looking to change its name on Twitter.
"The filings include international patent classifications for “downloadable mobile applications for playing casino games, sports betting, live-action betting games, and off-track betting.” The applications also seek trademarks for the aforementioned names for “casino services” and restaurant, bar, café, and hotel services.," Casino.org reported.
Why Does Penn's Name Change Matter?
Penn's move speaks more to a change in how it sees its operations than it does anything else. The company didn't opt to brand itself to Barstool or theScore, but it has embraced those two brands. CEO Jay Snowden explained those changes in his company's fourth-quarter earnings call.
"In the fourth quarter, we successfully advanced several of our long-term strategic objectives. Most significantly, we closed on our acquisition of theScore, a transaction that provides us with another powerful sports media brand, loyal audience, and full control of our product and technology road map," he said. "Looking ahead a year from now, we also have the opportunity to fully own Barstool Sports, which together with theScore, will mark our transformation into a major media and entertainment company."
Snowden no longer sees his company as a gaming brand. That's a core part of its offering, but it's not how he defines the company. He sees the Barstool and theScore brands as feeding the company's regional portfolio of casinos with customers.
"We are also very fortunate to have two dynamic and growing customer acquisition funnels in Barstool Sports and theScore, together with our leading portfolio of retail casinos and sportsbooks that provide us with highly effective organic marketing and monetization opportunities without the need to incur massive losses to compete," he added. "And we're going to stay committed to our strategy of leveraging these strengths."
Saturday, March 12, 2022
Media Man News Blog: DPA and its famous worldwide gifting suites are coming to Circa Resort and Casino, in Las Vegas
DPA and its famous worldwide gifting suites are coming to Circa Resort and Casino, in Las Vegas
DPA and its famous worldwide gifting suites are coming to Circa Resort and Casino, in Las Vegas
“The DPA pre–Grammys drive up” at Circa resort and casino will offer 75 gift bags to nominees and presenters
LAS VEGAS, NEVADA, USA, March 10, 2022 - Few years ago, Nathalie Dubois and DPA produced the official Billboard Music awards DPA gift suite, backstage at the Billboard Music awards for Dick Clark Productions, at the MGM Grand, in Las Vegas. In February 2021, in the middle of the Covid-19 crisis in LA, she created the first “Drive up”, the week of the Golden Globes. Stars nominated for a Globe came to a hotel, open their trunks, and got all their presents. ! The firm (owner of giftingsuite.com) used that lockdown time, to revamp its concept and stayed alive.
DPA decided to come to Las Vegas, the week of the Grammys, and teamed up with Circa Resort and Casino and Barry’s Downtown Prime. “When I planned my event, I knew I had to find the best of Vegas to team up with. I am so excited about that location and bringing my event to Downtown Las Vegas. The Drive-in idea came as a natural, as I wanted everybody to stay safe, but still to have fun the week of the Grammys, as we did a year ago for the Globes. We will only be 8 on the premises, it is a huge space outside at the Circa Resort and Casino, just steps down of famous steakhouse, Barry’s Downtown Prime and Celebrities will drive to the pick-up location and will get their bags”
Nathalie added “Our gift bags should give all our nominees some good vibes, and good spirits in this crazy time.”
The brands represented in the gift bags are : Sunday Scaries, Brandon Clinton sport horses legends and kings, Dr J’s, Milena Candles, Oille cosmetics, Beach sandy, Topochico, Tough As A Mother Tribe, Mantra Mask, Luxie Beauty, Fazup, Soori Bali, Social Sparkling wine, Chipz Happen, The Path, Paid to be perfect , Selee, Jus d’amour by Mercedes , Peaches skincare, Barry’s DowntownPrime, Helen Ficalora, Moods by Yemmie, DebCo Dogo, Frankie Dean, Manna Kadar, Richard Garnier, Facial lounge, Hearthstone Collective , CLCKR, HEAVENSAKE, The Candy Pushers, and Skinmedica .
DPA was touched and affected by the crisis in Ukraine and decided to give away one of these coveted gift bags to a charitable organization raising funds to help Ukrainian in needs.
About DPA and Nathalie Dubois: A veteran in the production of star-studded events, Nathalie Dubois, CEO of DPA, has proven herself to be exceptionally innovative and successful in the realm of celebrity gift suites. DPA run normally luxurious and spectacular gifting suites in LA, the weeks of various award shows, but also can be seen in the biggest film festivals such as Cannes, Venice or Toronto.
About
Barry’s Downtown Prime: Vintage glamour and hospitality meet modern innovation and design at Barry’s Downtown Prime, the new steakhouse concept from Chef Barry S. Dakake and Make It Happen Hospitality. Barry’s Downtown Prime will deliver the city’s finest steaks and seafood, fresh tableside preparations, creative cocktails, and a memorable service experience. Evoking a throwback vibe worthy of Downtown’s legacy, Barry’s will bring guests back to the classic cool of the 50s and 60s when great music and sounds of clinking martini glasses filled the air, the chef greeted you at the table, the bartender knew your favorite cocktail, and everyone felt like a VIP.
About
Circa: Opened October 28, 2020, Circa Resort & Casino delivers an all-new integrated resort concept to the heart of Downtown Las Vegas at the historic Fremont Street. The only 21+ resort in the city, Circa combines the best of Las Vegas service in a modern, state-of-the-art setting. The 1.25-million-square-foot resort and casino has the world’s largest sportsbook, innovative entertainment and gaming, and unparalleled personalized offerings inspired by old-school Las Vegas hospitality. Circa presents eclectic dining options including premium steaks and seafood at Barry’s Downtown Prime from Chef Barry S. Dakake, Pan-Asian fare at 8 East from Chef Dan Coughlin, classic delicatessen cuisine at Saginaw’s Delicatessen from restaurateur Paul Saginaw, authentic Carolina barbecue at Project BBQ, and all-star menus at Victory Burger & Wings Co. from the founding family of American Coney Island. The resort also showcases a dynamic year-round pool amphitheater, Stadium Swim, that boast a 14-million-megapixel LED screen as the backdrop.
Friday, March 11, 2022
Thursday, March 10, 2022
Head of Chicago-Area Gambling Ring Gets 18-Month Sentence
Head of Chicago-Area Gambling Ring Gets 18-Month Sentence
(A.P). U.S District Judge Virginia Kendall in Chicago sentenced Vincent “Uncle Mick” DelGiudice to prison and also ordered the Orland Park man to pay a significant amount of forfeiture, including a $3.5 million money judgment, the Chicago Sun-Times reported.
Kendall pronounced the sentence after noting that DelGiudice’s gambling ring reached into Illinois State University and involved the corruption of at least two police officers
Before he was sentenced, DelGiudice apologized to the judge and his family, saying, “What I did was wrong.”
DelGiudice pleaded guilty in February 2021 to gambling conspiracy and money laundering charges, admitting that he ran the large bookmaking business from 2016 to 2019 in and around Chicago.
Prosecutors alleged that he paid a Costa Rica-based sportsbook a service fee of $10,000 a week to use its online platform and recruited gamblers to place wagers on his website. He allegedly hired people to act as agents and attract gamblers as well as collect on debts.
DelGiudice’s sentencing comes near the end of a case federal prosecutors said involved roughly 1,000 gamblers and millions of dollars.
Casey Urlacher, the mayor of the tiny Chicago suburb of Mettawa, was among those charged in the gambling ring. Urlacher, the brother of Chicago Bears standout linebacker Brian Urlacher, was among those pardoned by President Donald Trump in January 2021 the final hours of Trump's term.
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