Caesars Entertainment, Inc. Announces Strategic Investment in SuperDraft Daily Fantasy
**View the sizzle video HERE**
With the investment, Caesars takes an initial minority equity position with an option to increase its stake over time up to 100% at pre-determined levels. The partnership positions SuperDraft as an exciting new option and dominant force in the daily fantasy sports industry.
"The addition of daily fantasy sports fits seamlessly with our strategic vision for mobile and online sports," said
Operating across seven professional sports in more than 35 states, SuperDraft features a unique game mode that attracts casual fans and experienced players alike. Multiplier Mode replaces the traditional fantasy team salary cap with a multiplier applied to each player allowing maximum flexibility in team building while creating more opportunities for everyone to win.
As part of the investment, SuperDraft will join Caesars' online brands, World Series of Poker,
"We're super excited to be part of Caesars' powerful gaming ecosystem," said
To kick-off the partnership, SuperDraft will launch its first
SuperDraft will become a piece of Caesars' single wallet solution, allowing members more options to play both online and in-person, and is expected to be tied to the industry-leading Caesars Rewards program that will permit players to credits redeemable for rewards and experiences online or at one of Caesars casino resorts nationwide.
"Caesars is a strong strategic partner that will allow us to further enhance our industry-leading tech stack and provide an enhanced player-first experience," said
For more information, visit: www.caesars.com/superdraft
This press release includes forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words "anticipates," "assumes," "believes," "estimates," "expects," "guidance," "intends," "plans," "projects," and similar expressions that do not relate to historical matters. All statements other than statements of historical fact are forward-looking statements. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond Caesars' control and could materially affect actual results, performance, or achievements.
Although Caesars believes that in making such forward-looking statements its expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected. There are a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements which are included elsewhere in this press release.
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CONTACTS: For Caesars Entertainment, Investor Relations: Brian Agnew, firstname.lastname@example.org; Charise Crumbley, email@example.com, 800-318-0047 or Media Relations: Chelsea Ryder, CRyder@caesars.com or SuperDraft Media Relations: Kristin Conte, firstname.lastname@example.org, 917.699.1941