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Jul 08, 2018
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It is one of the largest gaming companies in the United States. Although the company has no online gaming industries, it does own 51 casinos, horse racing tracks, and golf courses across the United States and the United Kingdom. Caesars only recently came out of bankruptcy. With 36 casinos and horse tracks in the United States, Frissora noted that the company is poised to jump into sports gaming if it is legalized by the states in which Caesars does business. While the trend has been for companies to move toward online gaming and sportsbooks, Frissora stated that Caesars would rather stay with on-site gaming. The company is positioned to continue to offer luxury hotels and VIP gaming opportunities for high rollers. Frissora said the high rollers make up a large portion of the clientele for the company’s casino properties. He noted that for many high-end clients, the online experience does not equal the thrill of on-site gaming, and their clients crave excitement. However, the CEO also noted that with on-site betting in sports sure to happen, the company would take advantage of sports-betting opportunities online if it appears to be a good way to bring more clients onto their properties. While the gaming company has had a rough patch and has shed both its debt and some properties, the company’s chief executive noted that it is poised to begin to extend its footprint into Asia.
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