Caesars is one of the most recognizable brands in the gaming industry, and as the relationship with the Mets proves, the operator is leveraging that brand awareness in New York.<\/p>\n
Combining enviable brand visibility and high promotional spending — something its rivals are also engaging in — Caesars is already a clear leader in the New York sports betting market. Some analysts forecast that as regulated sports betting expands in the state, Caesars\u2019 market share will increase.<\/p>\n
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While the gaming company doesn\u2019t operate a land-based casino in New York, it does run retail sportsbooks at Turning Stone, Yellow Brick Road, and Point Place Casino through the Oneida Indian Nation. Additionally, the Nevada-based company controls its namesake venue and Harrah\u2019s and Tropicana on the Atlantic City Boardwalk — casinos scores of New York bettors are familiar with.<\/p>\n<\/div>\n
Potentially adding to the allure of the Mets partnership for Caesars are the facts that despite baseball trailing football and basketball in terms of handle, New York is a baseball town, and bettors\u2019 enthusiasm for the Mets is likely to be high this year amid expectations that the team is playoff-caliber.<\/p>\n
Interesting Caesars\/Mets Facts<\/h2>\n The Mets are owned by billionaire financier Steve Cohen. The 65-year-old is worth nearly $12 billion — a largely built fortune in the hedge fund industry.<\/p>\n
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Today, he controls a family office known as Point72 Asset Management, with more than $22 billion in assets under management. According to a recent filing with the Securities and Exchange Commission (SEC), Point72 owns a small stake in Caesars stock. But that\u2019s one of more than 1,000 equity positions controlled by the investment firm, and it was reduced late last year.<\/p>\n<\/div>\n
The family office also has a small position in Wynn Resorts (NASDAQ:WYNN), which also offers mobile sports betting in New York.<\/p>\n","protected":false},"excerpt":{"rendered":"
Caesars Entertainment and the New York Mets announced today the gaming company is the official sportsbook partner of the Major League Baseball (MLB) club. News of the agreement arrives in advance of MLB Opening Day, April 7. It also comes just three months after mobile sports betting launched in New York. Not surprisingly, the fourth-largest […]<\/p>\n","protected":false},"author":46,"featured_media":208323,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33810,1074],"tags":[],"acf":[],"yoast_head":"\n
Caesars, Mets Announce Citi Field Sportsbook Deal<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n