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It gets people into the building and hopefully when they do they can enjoy the other forms of gaming we have, or our shows, or our restaurants. So we dedicate a large part of our real estate to sports wagering purely because of the excitement it generates.
David Grolman, Senior Vice President of Retail, Caesars Betting on tech With this in mind, the attention has turned to creating entirely new types of experiences for sports fans, ones that combine the thrill of live sports with the unique atmosphere of Las Vegas. Grolman says Caesars has tried a number of similar initiatives around major events.
Peyton and Eli Manning did an interview before the game and then commented on it [as it was happening] and we streamed that to some of the other Super Bowl parties we had around the country. One of the perceived threats to traditional bookmakers was that technology would be a far more convenient way to make bets and that technological advances in areas like micro-betting and the use of artificial intelligence AI to automatically create new markets and set odds would eventually mean the in-casino experience would be diminished.
You really have to stay on top of it every day. People want to bet on the game during the game. Grolman refuses to be drawn on specific technologies, but it is not unreasonable to suggest that virtual reality VR and the metaverse could bridge the gap between the physical and digital betting experiences. I think the market will just continue to grow as we think of more fun ways to bet on our phone and our brick-and-mortar locations.
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