The NFL has a new official sponsor and it’s WSOP.com, as confirmed to PocketFives by Seth Palansky, WSOP Vice President of Corporate Communications. As an official sponsor, WSOP.com is now offering promotions in conjunction with the NFL, including one that will send a player to the Super Bowl in Miami.

On Monday, Caesars Entertainment Corp CEO Tony Rodio announced the sale of the Rio All-Suite Hotel & Casino to New York real estate company Imperial Companies in a deal for $516.3 million.

After its humble beginnings in Reno more than 75 years ago, Caesars Entertainment has grown to become a behemoth in the casino gaming world, operating resort destinations like Harrah’s and Horseshoe across four continents. The company also owns the World Series of Poker brand, known for organizing the most prestigious tournament series in the world.

According to Reuters, Caesars Entertainment has agreed to pay $20 million “to settle US charges over anti-money laundering lapses and will enter into a deferred prosecution agreement with the Justice Department.”

Late last week, Caesars Entertainment reversed its long-held stance that PokerStars should not be permitted access to the United States online poker market, a change that has been lauded by the industry. This week, the company took the next step, telling Chris Krafcik of Gambling Compliance that it was time to not only support PokerStars, […]

On Wednesday, Caesars Entertainment Corporation announced that Gary Loveman (pictured) will be stepping down as Chief Executive Officer of the casino giant. Loveman will continue in his role as Chairman of Caesars Entertainment and Caesars Entertainment Operating Co., with Mark Frissora taking over the role of CEO.

On Thursday, a division of Caesars Entertainment filed for bankruptcy. According to the LA Times, “The division, Caesars Entertainment Operating Co., owns and operates most of Caesars’ 50 properties worldwide.” Caesars officials said the casinos would remain open and few changes were expected while the company sorts out a reported $18.4 billion in debt.

After repeatedly denying rumors regarding its financial straits, several media outlets are reporting that Caesars Entertainment will file for Chapter 11 bankruptcy protection by the middle of January.

The financial woes of Caesars Entertainment are continuing for the beleaguered company, which recently defaulted on a massive bond payment.

You might recall that Las Vegas Sands CEO Sheldon Adelson (pictured) has pledged to spend “whatever it takes” to rid the United States of online gambling. In fact, he has corralled two lawmakers – Senator Lindsey Graham (R-SC) and Representative Jason Chaffetz (R-UT) – into introducing bills to do exactly that. How much money have […]