Caesars Sportsbook teams up with the Cleveland Cavaliers ahead of Ohio sportsbook launch

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CLEVE-LAND and LAS VEGAS, February 24, 2022 /PRNewswire/ — Caesars Entertainment, Inc. (NASDAQ: CZR) (“Caesars”) today announced a multi-year partnership with the Cleveland Cavaliers to make Caesars Sportsbook the “Official Sportsbook Partner” and Caesars Entertainment the “Official Casino Partner” This partnership includes plans to open a premier street level retail sportsbook in the Northwest Atrium area of ​​the team’s home stadium, Rocket Mortgage FieldHouse, subject to regulatory approvals.

“We are ready to welcome Ohio sports fans into the Caesars Sportsbook Empire while also making history with our second sportsbook in an NBA arena,” said Chris Holden, Co-President of Caesars Digital. “Building on our already established roots with Scioto Downs in Columbus, we are pleased to announce our partnership with the Cavaliers at an exciting time in their franchise’s history. As we prepare for the launch of sports betting Ohio Later this year, this far-reaching partnership allows us to connect with the Cavs’ passionate and highly engaged fanbase. Caesars Sportsbook at Rocket Mortgage FieldHouse will be a premier venue offering an exciting atmosphere for sports betting and more.”

Caesars Sportsbook at Rocket Mortgage FieldHouse will have cash betting windows and will combine customized VIP and hospitality experiences for Caesars Rewards members, along with on-site activations throughout the year. The approximately 10,355 square foot venue will feature a full service bar and VIP lounge, an extensive menu and wall-to-wall televisions. The cost of these upgrades will be borne entirely by the Cavaliers and Caesars.

With construction beginning shortly, Caesar’s Sportsbook will be located at street level in the venue’s north atrium near the intersection of Huron Road and Ontario Street. The Sportsbook will be open year-round on both event days and non-event days to eligible event ticketed and non-ticketed fans wishing to place bets. Caesars Sportsbook at Rocket Mortgage FieldHouse is expected to be open in late 2022, subject to regulatory and other required approvals, and further details and presentation will be announced at a later date.

In addition, Caesars Sportsbook will have access to use of official Cleveland Cavaliers logos and marks, broadcast and digital content at all Cavs facilities, and in-game televised signage.

Caesars Sportsbook made sports history with the first-ever sportsbook offering at a professional sports venue in May 2021 at the Capital One Arena Washington, D.C and will soon be opening its doors for another Caesars Sportsbook at Chase Field Phoenix, Ariz through a partnership with the Arizona Diamondbacks.

When mobile sports betting goes live Ohio, sports fans can download the Caesars Sportsbook app to place a bet anywhere in Buckeye State. Caesars Sportsbook will access the mobile market through Eldorado Gaming Scioto Downs Casino, owned by Caesars Entertainment Columbus. Caesars Sportsbook players can also earn Status Credits and Rewards Credits through the industry-leading loyalty program. Caesar’s Rewardsto unlock Emperor-worthy experiences within the Caesars portfolio of properties and partnerships, including access to a wide range of hospitality assets and VIP experiences with the Cavaliers at the Rocket Mortgage FieldHouse.

About Caesars Entertainment, Inc.
Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino entertainment company in the United States and one of the most diversified casino entertainment providers in the world. Since its beginnings in Reno, NV, in 1937, Caesars Entertainment, Inc. has grown through the development of new resorts, expansions and acquisitions. Caesars Entertainment, Inc.’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe® and Eldorado® brand names. Caesars Entertainment, Inc. offers diversified gaming, entertainment and hospitality facilities, unique destinations and a full range of mobile and online gaming and sports betting experiences. Associated with its industry-leading loyalty program, Caesars Rewards, the company is focused on creating value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. Know when to stop before you start® Problem Gambling? Call 1-800-522-4700. For more information, please visit. www.caesars.com/corporate. You must be at least 21 years old to play. Know when to stop before you start.® Gambling Problem? For assistance, call or visit the Ohio Problem Gambling Helpline at 1-800-589-9966 Ohio responsible gaming website at org.ohio.gov.

ABOVE CLEVE-LAND CAVALIERS
The Cleveland Cavaliers won the NBA championship in 2016 and also took the Eastern Conference crown in 2007, 2015, 2016, 2017 and 2018. The team plays and operates the newly remodeled, public Rocket Mortgage FieldHouse downtown Cleveland, Ohio. The Cavaliers and Rocket Mortgage FieldHouse are part of Rock Entertainment Group. The group also includes the AHL’s Cleveland Monsters, the NBA G League’s Cleveland Charge, and the NBA’s Cavs Legion 2K League, Legion Lair Lit by TCP Home of the Cavs Legion in Clevelandand Cleveland Clinic Courts – the Cavaliers’ training and development center in independence, Ohio. The Cavaliers are regularly recognized for their extensive support and engagement programs and community contributions, leadership in diversity and inclusion in the workplace, and ongoing economic impact that now translates into billions of dollars locally. Dan Gilbert is chairman of the Cleveland Cavaliers. Gilbert and his corporate family have now over invested $2.0 billion in Cleveland. Gilbert is also Founder and Chairman of Rocket Mortgage, the nation’s largest mortgage lender, and Founder and Chairman of Rock Ventures LLC, the parent company for its portfolio of business and real estate investments. Len Komoroski is the CEO of Rock Entertainment Group and Nick Barlage is President and Chief Operating Officer of Rock Entertainment Group. The Cavaliers team is managed by the General Manager Koby Altman and head coach JB Bickerstaff. The Cavaliers and Rocket Mortgage FieldHouse offers fans the best experience in the NBA with its extensive and stunning array of amenities and technology and its signature, electrifying game presentation.

About Rocket Mortgage FieldHouse:
The newly converted Rocket Mortgage FieldHouse is Northeast Ohio premier sports and entertainment facility and premier attraction for premier concert tours, family shows and signature events, and home of the Cleveland Cavaliers, Cleveland Monsters and annual MAC men’s and women’s basketball tournament. Each year, Rocket Mortgage FieldHouse hosts more than 200 different ticketed events and 1,400 private events, attracting over 2 million guests to downtown Cleveland. Rocket Mortgage FieldHouse has established itself as a successful venue for high-profile events of international and national importance, including the 2016 Republican National Convention, the 2007, 2015, 2016, 2017 and 2018 NBA Finals, and the recent 2021 Rock & Roll Hall of Fame Induction Ceremony and the upcoming 2022 NBA All-Star Game. Other major upcoming events include the NCAA Division 1 Women’s Basketball Final Four, the 2025 Division I Men’s Basketball first and second rounds, and the 2026 NCAA Division I Wrestling Championships. At Pollstar Magazine’s 2021 Year End Report of Top 200 Arena Venues Worldwide for Entertainment Ticket Sales, Rocket Mortgage FieldHouse was ranked #27 worldwide in ticket sales for top touring attractions. visit RocketMortgageFieldHouse.com.

SOURCE Caesars Entertainment, Inc.

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