RIGHT ADAM.
>> THE NHL'S WASHINGTON
CAPITALS ARE BETTING ON A NEW
TREND, THE FRANCHISE ANNOUNCING
A PARTNERSHIP THAT WILL PLACE
THE CAESARS
SPORTSBOOK LOGO ON THE TEAM'S
HOME AN ALTERNATIVE JERSEYS
WORN FOR GAMES PLAYED AT
CAPITAL ONE ARENA BEGINNING IN
THE
2022 23 SEASON. THIS MARKS THE
FIRST TEAM ANNOUNCED A NEW
AGREEMENT IN THE NHL'S JERSEY
ADVERTISING PROGRAM JOINING US
NOW IS JIM VAN STONE
PRESIDENT OF BUSINESS
OPERATIONS AND CHIEF COMMERCIAL
OFFICER FOR MONUMENTAL SPORTS.
AND ENTERTAINMENT THE GROUP
THAT
ACTUALLY OWNS BOTH THE CAPITALS
AND THE NBA'S WASHINGTON
WIZARDS. JIM THANK YOU SO MUCH
FOR BEING HERE WANT TO START
HERE WHY DID YOU DECIDE TO
PARTNER WITH THE SPORTS BOOK, A
SPORTS BOOK FOR THIS
INITIATIVE.
>> WELL, YOU KNOW SEES A GREAT
PARTNER OF OURS WERE THE FIRST
U.S. SPORTS ARENA OPENED UP A
FULLY OPERATIONAL 365 DAY YEAR
SPORTSBOOK AT THE ARENA AND
CAESARS AS EVERYONE KNOWS IS
ONE OF THE JOGGER NOT WHEN IT
COMES TO FAN ENGAGEMENT
CUSTOMER GREAT HOSPITALITY
COMPANY CONNERY COMPANY A
GAMING COMPANY IN FOR US
EVERYTHING THAT WE'VE DONE
TOGETHER SO FAR WAS ALL ABOUT
THE FAN ENGAGEMENT THAT WE FELT
MOVING INTO THE JERSEY
PARTNERSHIP WITH US WAS REALLY
JUST A NATURAL TRANSITION, SO
AN EXCITING MOMENT FOR ASSET
REALLY GROUNDBREAKING MOMENT IN
THE SPORTS.
INDUSTRY FROM FROM THE U.S. AND
POINT SO IT'S JUST AN
EXCITING OPPORTUNITY.
>> IT'S NO SECRET THAT SPORTS
BETTING REALLY HAS TAKEN OFF IN
THE PAST YEAR AND A HALF WE
HAVE AN ENTIRE SHOW NOW
DEDICATED TO WORK HERE AT
CHEDDAR.
>> BUT WHAT IS YOUR GROUP'S
TOWARD AND GETTING THE SUPPORT
OF THE GAME FOR CATION ACROSS
THE NHL AND OF COURSE, THE NBA
AS WELL.
>> WELL WE THINK JUST A
FANTASTIC OPPORTUNITY,
I MEAN YOU KNOW SO SYNERGISTIC
WITH WHAT WE DO FROM THE FAN
ENGAGEMENT CUSTOMER STANDPOINT
YOU KNOW IT'S INTERESTING WE
SHOULD WE HAVE THESE BEAUTIFUL
BUILDINGS AROUND THE COUNTRY
THEIR STATE OF THE ART, THEY'RE
IMMERSIVE EXPERIENCES. WE
LITERALLY OPEN THEM UP AN HOUR
BEFORE ALIVE, BUT THE
IMMEDIATELY AFTER WITH HAVING
THE BRICKS AND MORTAR
SPORTSBOOK HERE AND BEING
CONNECTED TO THE SPORTS BETTING
IT REALLY HAS MADE CAPITAL ONE
ARENA 365 DAY YOUR DESTINATION
AND REALLY I THINK WE BECOME A
FOOTBALL ORGANIZATION WOULD
BECOME A SOCCER ORGANIZATION
AND YOU KNOW FOR FANS TO COME
DOWN HERE THAT ARE YOU BIG
SPORTS FANS AND WATCHING
EXPERIENCE YOU KNOW, MAYBE A
BROADCAST ANOTHER SPORTING
EVENT IT'S NOT YOUR CAPITAL ONE
ARENA. WE THINK IT'S ABSOLUTELY
TREMENDOUS SO IT'S REALLY AN
EXCITING OPPORTUNITY FOR AUSTIN
YOU KNOW WE DID SOME
PROJECTIONS GOING INTO IT WAS
HAVING A SPORTSBOOK PARTNER AND
YOU KNOW AND REALLY SOMEONE IS
COMMITTED TO FAIR
AND WE THINK WE'RE GOING TO
BRING AN INCREMENTAL 1 MILLION
VISITS NEAR TO CAPITAL ONE
ARENA SO WE'RE IN THE HEART OF
CHINATOWN AND A GREAT LOCATION
OF PERFECT DESTINATION FOR
PEOPLE.
>> YOU KIND OF TOUCHED ON THIS
THERE, BUT I WANT TO ASK YOU
KNOW YOU CAN HAS AS YOU ALLUDED
TO TAKING THINGS A STEP FURTHER
YOU DEBUT THE CAESARS
SPORTSBOOK AT THE CAPITAL ONE
ARENA I THINK IT WAS HIS PASS
AN A AND BECAME THE FIRST EVER
SPORTS SAID AND THEN YOU GET TO
HAVE THAT WITHIN A PROFESSIONAL
SPORTS FACILITY. WHAT DOES THIS
OFFER FANS YOU MENTION THAT
POSSIBLY A MILLION NEW FANS,
YOU KNOW OF MILLION MORE FANS
COMING TO THE ARENAS AS
A RESULT, BUT WHAT'S THE IMPACT
OF THE FAN EXPERIENCE.
>> YOU KNOW WHAT I'M HOPEFUL
FOR IS THAT PEOPLE COME 3 OR 4
HOURS BEFORE CAPITALS ARE
WIZARDS GAME THEY STAY A COUPLE
HOURS AFTER ITS REALLY TAKING
THE INS. OUR EXPERIENCE OF THE
RAIN ITSELF. I MEAN WE HAVE
TRULY INSIDE THE SPORTS BOOK IN
THE MURDER
EXPERIENCED THERE'S ABOUT 20
BETTING WINDOWS, THERE'S 14 OR
15 KIOSK AND THEN ALSO AS PART
OF THAT ITS 3RD THERE'S A
HUGE IMMERSIVE TELEVISION
EXPERIENCE WE HAVE OVER A 100
SCREENS IN THE ACTUAL
SPORT ITSELF AND WE'VE GOT A
GREAT COLOR EXPERIENCE WE
PARTNER WITH A LOCAL CELEBRITY
CHEF FINALE HE'S GOT AN AMAZING
MAN
YOU IN WE THINK IT'S JUST A
PERFECT WAY TO SPEND ALL DAY
YOU KNOW, AND I THIS PAST
SUNDAY WE HAD FIRST CAPITALS
PRE SEASON GAME AT
05:00PM WE HAD PEOPLE ARRIVING
AT 11 O'CLOCK IN THE MORNING
GETTING PREPARE FOR SUNDAY
FOOTBALL. WITH THE NFL AND
STAYED THROUGH THE GAME THAT
EVENING AND IT WAS JUST
FANTASTIC IN BEING
YOU KNOW WHAT SPORTS BOOK
CONNECTED TO AN ARENA. WE'VE
GOT A SEAMLESS TRANSITION INTO
A 20,000 SEAT CAPITAL ONE ARENA
IN. WE'VE GOT TO A 65 MILLION
DOLLAR RENOVATION OVER THE LAST
SEVERAL YEARS AND WE'VE GOT A
BEAUTIFUL JOB
OF CHINA FIRST OF EXPERIENCES
WITH LED SCREENS THROUGHOUT SO
IT'S REALLY PERFECT VIEWING
EXPERIENCE
FOR FANS.
>> I MENTIONED THERE YOU ARE
THE FIRST DRIVE BUT DO YOU
EXPECT THIS TO BE A TREND OF
SPORTS BOOKS IN PROFESSIONAL
SPORTS STADIUMS AND ARENAS
ACROSS THE COUNTRY AND I GUESS
WITH THAT ALSO MAYBE IF YOU
COULD TALK ABOUT SOME OF YOUR
BIGGEST CHALLENGES THAT YOU HAD
TO OVERCOME TO GET TO THIS
POINT BECOMING THE FIRST.
>> YOU KNOW, I'M REALLY HOPEFUL
THAT EVERY STADIUM IN
THE ARENA. IRENE AROUND THE
COUNTRY HAS THIS OPPORTUNITY
BECAUSE I THINK IT'S REALLY FOR
THE SPORTS FANS I THINK IT'S AN
TOO SO I'M
OPTIMISTIC THAT YOU KNOW AS
MORE JURISDICTIONS OPEN UP IN
SPORTS BETTING IT BECOMES
LEGALIZED THAT THERE IS
CERTAINLY AN OPERA TO ME FOR
OUR REENA IS AND FACILITIES TO
BE ABLE TO OFFER WHAT WE'RE
DOING CAPITAL ONE.
I WILL SAY IT WAS PROBABLY
ABOUT 2 AND A HALF BY THE TIME
PASSED BUT WAS OVER TURNED AND
WERE ABLE TO
OPEN UP OUR SPORTS BOOKS.
IT WAS A LONG TIME
COMING WE WORKED WITH A LOT OF
GREAT PARTNERS AND THE THING
THAT WAS IMPORTANT FOR US
ORIGINALLY WE PARTNER WITH
WILLIAM HILL THAT WAS ACQUIRED
BY CAESARS BUT BOTH WEST REALLY
SHARED THE SAME VALUES GOING
INTO THIS WAS ALL ABOUT THE
CUSTOMER EXPERIENCE THAT WAS
ALL ABOUT FAN ENGAGEMENT.
WE REALLY BOTH FOCUS ON
RESPONSIBLE GAMING AND
GAMING EDUCATION. AND IN
ADDITION THAT I THINK HERE IN
DC WHICH IS UNIQUE FOR US WE
PARTNER VERY CLOSELY WITH THE
AMERICAN GAMING ASSOCIATION SO
EDUCATING FANS
TIBET RESPONSIBLE IN A APPROVES
MARKETPLACE. WE THINK IS
ABSOLUTELY CRITICAL IMPORTANT.
>> THAT KIND OF TIES RIGHT INTO
MY NEXT QUESTION ESSENTIALLY
BECAUSE YOU KNOW.
I WONDER HOW HOW IS YOUR GROUP
HELPING TO EDUCATE SAID TO WHOM
THEY ENTER, YOU KNOW REENA AND
A DRAMATIC YOU KNOW CAPITALS
GAME A WIZARDS GAME AND
NATURALLY WE KNOW FANS COULD BE
A MOSTLY IMPACTED, BUT IF THEY
HAVE WINS OR LOSSES.
I'M SURE YOU YOU THERE'S NO
SECRET THAT MAY BE SOME
CRITICISM AND AND WHAT THIS
COULD LEAD TO HOW DO YOU GUYS
PLAN TO PROACTIVELY I'M KIND OF
DEAL WITH THAT AS OPPOSED TO
POTENTIALLY RE ACTIVELY.
>> YOU KNOW I THINK FROM OUR
STANDPOINT THE FORTUNATE THING
BOTH ON
IN THE NBA AND THE NHL WERE
PART OF REALLY BIG LEAK SO WE
HAVE YOU KNOW TEAMS THROUGHOUT
THE ENTIRE COUNTRY IN THE WEEKS
GIVE US A LOT OF SUPPORT AND
DIRECTION IN TERMS OF BEST
PRACTICES AND RULES AND
REGULATIONS I THINK
REALLY PARTNERING VERY CLOSELY
WITH PARTNERS LIKE WE HAVE WITH
CAESAR'S YOU KNOW WE'RE GOING
TO DO A LOT
CO-BRANDED PSG'S WE'RE GOING TO
A LOT OF MESSAGING IN THE ARENA
AND REALLY FOR US, I MEAN YOU
KNOW THAT CONTINUOUS EDUCATION
PROCESS IS REALLY WHAT'S
CRITICAL MOST IMPORTANT.
IT IS NEW FOR A LOT OF PEOPLE
AND YOU KNOW
FOR REALLY FIRST TIME PEOPLE IT
ACTUALLY PLACED A BET THAT
EDUCATION THEY FULLY
UNDERSTAND IT. IT IS CRITICAL
AND WE HAVE A COMMITMENT I
THINK FROM A POLICE STANDPOINT
ARE TEAMS IN IN DC AND
ALSO FOR YOU KNOW OUR
GREAT PARTNERSHIP WITH CAESARS
SO THE COMMITMENT TO EDUCATION
I THINK IS ONE OF THE MOST
IMPORTANT THINGS THEY WERE
HIGHLY FOCUSED ON.
>> WELL EXCITING TO SEE YOU
KNOW WHAT YOU GUYS ARE DOING
I'M EXCITED TO SEE HOW THE FANS
EMBRACE OBVIOUSLY WITH YOU GUYS
BEING THE FIRST HERE WE HAVE A