Caesars Entertainment Corporation Common Stock (NASDAQ:CZR) & subsidiary of Compass Group USA, Inc., Foodbuy, LLC are teaming up to form a premier purchasing organization Parlay Solutions. The group will specifically focus on the North American Gaming Hospitality and Entertainment Industry. Parlay Solutions premier group started serving the North American last month.
Parlay Solutions to derive benefits from collaboration expertise
The premier group will benefit from the expertise of Caesar in the gaming industry, sourcing capabilities, and supplier relationships and the analytics, supplier relationships and procurement expertise of Foodbuy. The collaboration of these two companies thus will serve as spine for the functioning of Parlay Solutions.
According to the CEO and President of Caesars Entertainment, Mark Erissora, “Parlay will help its members save on their supply chain expenses through purchasing efficiencies as well as help them optimize their spend with local and diverse suppliers.” He further added that his company’s investment in supply chain generated considerable value for their business. According to Erissora, Caesars’ partnership with Foodbuy will offer the same advantage to the company’s members.
While discussing the benefits of this collaboration, the Chief Executive Officer of Foodbuy, Dennis Hogan stated that the combined capabilities of these two companies will form opportunities for industry suppliers and gaming operator members. Hogan believes that the collaboration will bring a revolutionary change in the way the companies do their business.
200 plus Caesars suppliers are signing on to join Parlay Solutions. The premier group will also have an access to more than 2,000 suppliers from Foodbuy. Parlay Solutions offers ultimate benefits across major verticals of services and products saving millions of dollars for the gaming operators that they have to invest annually on the supply chain.
Caesars enjoy interest in sports bets
The company decided to take mobile sports bets on September 6, 2018, through The Caesars Casino & Sports app in New Jersey. The app is now available on the CaesarsCasino.com for Android device users and on App Store. With this move, anyone in the NJ city can download the app and start placing bets on the sporting events that fascinate them including professional football.