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February 1, 2019

Caesars Sportsbook’s Free Bet For Super Bowl 2019 Is Out Of This World

February 1, 2019
2019 super bowl atlanta

The biggest game of the year is taking place this Sunday, just as it does the first Sunday of February every year.

But for New Jersey sports betting fans, what sets this Super Bowl Sunday apart is that for the first time ever, you can bet on the game legally without traveling outside of the state.

There are now eight Atlantic City casino sportsbooks where you can bet on the 2019 Super Bowl, along with two NJ racetracks — Monmouth Park and the Meadowlands. Or, alternatively, an even more convenient option is to bet the Big Game online or on your mobile device.

There, too, you have many choices, so let us help you decide. Caesars Casino & Sports is your best bet, thanks to an incredibly generous bonus offer this weekend that you won’t find anywhere else.

Place two bets — up to $100 apiece — for the price of one.

Caesars Casino Big Game Bonus

Who is eligible to participate

The Big Game Bonus offer is in effect from Friday, Feb. 1 through Sunday, Feb. 3. It is available to all registered Caesars online casino and Caesars Sportsbook account holders.

However, if you are not already signed up with this NJ gambling website, this would be the perfect weekend to do so.

That way, in addition to getting a $10 free sports bet just for signing up, plus a 100 percent deposit match bonus up to $300 — for casino games or sports, your choice — you will also be eligible for the Big Game Bonus.

How the Caesars Big Game Bonus Offer Works

First, you will need to log into your CaesarsCasino.com account and claim the offer.

Then you will need to pick a sports wager that you are willing to make with your own money. This can be on the Super Bowl or any other game this weekend. However, the wager must be on a single game being played no later than Sunday, Feb. 3.

As soon as your qualifying wager is accepted, you will have the opportunity to make a free in-play sports bet in the same amount. This can be on the same game you bet with your own money or a different game, but once again, it needs to be a single bet on one game only.

Furthermore, the free bet comes another important catch. Unlike the qualifying cash bet, it must be on a game already in progress. Thus, for example, before the Big Game kicks off, you can use your own money to bet either the Patriots or the Rams to cover the point spread for the full game.

Then at halftime, you can make a free bet for the same amount just for the second half of the Super Bowl.

If you want to wait until after Sunday, Feb. 3 to make your free in-play bet, be sure to check with customer support on what the deadline is.

Get up to $1,000 at Caesars Sportsbook
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How to get your free in-play sports bet

Here’s what you need to do to access the Big Game Bonus offer from Caesars and receive your free in-play sports bet:

  • Log into your CaesarsCasino.com account during the Feb. 1-3 promotion period.
  • Enter the code BIGGAME100 and click on “Claim.”
  • Make a sports wager on the Super Bowl or any other single game taking place this weekend.

As soon as your wager is accepted, you will receive a free in-play sports bet equal to the same amount up to $100.

As mentioned, you will have to wait until the appropriate time after the game has started before you can actually make the free bet. When you are ready to do so, simply add an in-play selection to your bet slip and select the free bet icon next to “More Info & Options” on the bet slip.

Additional terms and conditions

Keep in mind that for both the cash bet and the free bet, the surcharge for making the bet is factored into the total price.

For example, when making a point spread bet, the charge is usually 10 cents on the dollar. So if you are hoping to win $100, you need to put up $110. If you win, the $110 you bet will be returned to you along with $100 in winnings, for a total of $210.

If you only give the casino $100, instead of getting $100 in winnings on top of your original bet, you should expect to be paid about $91.

The same applies to the free bet except, in this case, if you win, you will only receive your winnings and not the cost of the bet. Also keep in mind that prices on moneyline and prop bets vary, so be sure to know before you make your bet exactly what it is costing you.

Give the Caesars Super Bowl 2019 bonus a try

The Big Game Bonus is a great offer no matter what size bettor you are because Caesars is matching your own bet — up to $100 — with a free bet.

You also have a lot of flexibility regarding your choices for both bets. So it would be worth your while to spend some time studying beforehand to make a well thought out selection.

If you can afford to make the maximum bet the casino is willing to match, which is $100, you should certainly do so. However, if you don’t want to risk that much, feel free to make a smaller wager.

Lastly, even though Caesars isn’t limiting you to the 2019 Super Bowl for either the cash bet or the free bet, I can’t imagine not wanting to have some bets riding on this game.

The Super Bowl is one of the most fun games to bet on because, in addition to the standard moneyline, point spread, and over and under bets, there are a ton of props and specialty bets you can make, including in-play bets.

If you’re new to sports betting, don’t let the sheer number of possible bets on the Super Bowl intimidate you. Pick one of the more basic bets as your real money bet. Then ask a friend who is knowledgeable about sports to help you choose your free bet.

Ocean Resort Casino Will Get $70 Million From New Owner Luxor Capital

February 1, 2019

It has been no secret that in the seven months since Ocean Resort Casino opened on the Atlantic City Boardwalk on the site of the former Revel Casino Hotel, the property has been struggling.

So when the resort’s former principal owner Bruce Deifik announced on Jan. 10 that he was transferring primary ownership to another party, the news was not surprising.

However, he did not disclose as to whom the new principal owner would be. That changed earlier this week with the announcement that a New York hedge fund would assume control of the AC casino.

Early revenue far short of projections

Ocean Resort Casino’s opening — on June 27 — coincided with that of its neighbor, Hard Rock Atlantic City. Therefore, it should have been able to capitalize a lot more than it did both on the peak summer season and spillover from Hard Rock.

However, attendance has been disappointing. Also, revenue so far has been far short of the figures that the resort originally projected in the licensing hearing before the Casino Control Commission.

Chief Financial Officer Allan Greenstein told the commission that the resort anticipated receiving a 10.5 percent of the market during its first year of operation, including $292 million in gambling revenue and $121 million in non-gaming revenue.

Its total gambling revenue for the six months it was open in 2018, including the peak months of July and August, was only $101 million. But $8.4 million of that total was not from casino gambling at all, but it was from Ocean Resort Sportsbook.

Furthermore, when compared to Atlantic City’s other eight casinos, the monthly revenue for Ocean Resort has consistently ranked at or near the bottom. August and November were the only two months when Ocean Resort Casino was open that it wasn’t ranked last.

The new owner now identified as Luxor Capital Group

On Jan. 28, the identity of the company taking over control of Ocean Resort Casino was finally revealed. It is Luxor Capital Group, a New York-based private investment firm. Luxor has committed to invest $70 million in property enhancements.

Meanwhile, Deifik will retain no ownership of the casino at all, according to the Associated Press.

Luxor helped with original financing for Ocean Resort

This is not Luxor Capital Group’s first investment in Ocean Resort Casino. The company was also a major contributor to the initial financing.

The $2.4 billion Revel only lasted two years before it closed permanently in September 2014.

Then, the following April, Glenn Straub purchased the vacant property for only $82 million. However, other than renaming it TEN, he did nothing with it. Despite multiple promises to renovate it and reopen, the reopening never happened.

Finally, in January 2019, Colorado-based real estate developer Deifik purchased the property from Straub, sight unseen, for $229 million.

The purchase was made possible as a result of financing from two major sources: JP Morgan Chase and Luxor Capital Group. The initial loan from Chase was for $110 million. The loan from Luxor was for $122.5 million.

Then, in June 2018, Deifik borrowed another $175 million from Chase to pay off the first bank loan.

Now Luxor has agreed to help Ocean Resort Casino further with a new $70 million investment in the property.

Luxor Capital Group’s background

Luxor Capital Group was founded in 2002 by Christian Leone (no relation to Ocean Resort CEO Frank Leone). The company reports approximately $3.2 billion in assets.

It has no current or past relationship with the Luxor Hotel and Casino in Las Vegas.

What will happen next

The new deal with Luxor is expected to close in the early part of February. This is pending the receipt of the necessary regulatory approvals and final documentation.

Then, once the investment is approved, Luxor will need to undergo the standard licensing process required of all NJ casino operators. For now, Deifik’s company, AC Ocean Walk, is still the casino’s license holder.

Interim licensing approval is expected to take from 90 to 120 days. Meanwhile, Luxor’s $70 million investment will be held in trust. A specially appointed trustee will temporarily oversee the trust until Luxor receives its interim authorization.

According to The Press of Atlantic City, Ocean Resort Casino expects no changes in operations stemming from the temporary existence of the trust.

Long-term plans at the AC casino

Assuming the deal is finalized, and Luxor Capital Group gets a license, Luxor will use the $70 million it is investing in Ocean Resort Casino to make significant enhancements in the property.

Specific improvements mentioned so far include all of the following:

  • Opening a buffet
  • Additional suites and rooms
  • Enhancements to the casino floor (specifics not indicated)
  • A substantial increase in entertainment programming and player events

Presumably, these much-needed enhancements will occur in 2019. However, projected dates, like when the buffet is expected to open, have yet to be announced.

Here at NJ Gambling Websites, we will stay on top of this important developing story and keep you posted on all of the latest news as it happens.

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