Caesars Entertainment Stock News

The NFL championed its see-no-evil, hear-no-evil, speak no-evil policy even long after Jimmy “The Greek” Snyder picked games on “The NFL Today” without mentioning the point spread. Until it could no longer resist the windfall that would come its way by getting into bed with partners DraftKings and FanDuel and Caesars and entering agreements with…

DraftKings has seen its stock price drop in recent months as the legacy gambling options have upped their marketing for sports gambling dollars.

Move Aside, Monopoly: We're Navigating REIT Risk

Circa, a brand-new downtown property has a first-of-its-kind offering that may find its way to the Las Vegas Strip.

The city has $4.5 billion in new projects coming over the next two years (not all on The Strip) including some that could challenge Caesars and MGM.

NEW YORK , March 2, 2022 /PRNewswire/ -- When Congress made sports gambling illegal at the federal level with the passage of the Professional and Amateur Sports Protection Act (PASPA) on Oct. 28, 1992 , online betting wasn''t even a topic of discussion. If someone wanted to place a bet on the Super Bowl or a basketball game, their options were minimal at best: jump on a plane to Las Vegas or phone their local bookie. Fast forward 25 years and the internet is ubiquitous and laws such as PASPA arcane, making May 14, 2018 , a day of gambling liberation, as the Supreme Court overturned the law on the grounds it was unconstitutional and commandeered power from states. With the federal ban removed, the majority of states have enacted laws defining legal online gambling to participate in a booming global market. As such, innovation is thriving to offer operators and consumers premium experiences. P laygon Games Inc. (TSX.V: DEAL) (OTCQB: PLGNF ) ( Profile ) is seizing the opportunity, while others in the space, including Boyd Gaming Corporation (NYSE: BYD ), MGM Resorts International (NYSE: MGM ), Caesars Entertainment Inc. (NASDAQ: CZR ) and Zynga Inc . (NASDAQ: ZNGA ) also look to capitalize on the momentum building behind online gaming.

New York recently set the monthly sports betting record of $1.6 billion wagered in just three weeks through DraftKings, Caesars and FanDuel

Since the U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA) in 2018, sports-betting companies have jumped in popularity.

Las Vegas has struggled to get back to prepandemic levels of guests.

Caesars Entertainment (NASDAQ: CZR ) has observed the following analyst ratings within the last quarter: Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 4 4 0 0 0 Last 30D 1 0 0 0 0 1M Ago 3 2 0 0 0 2M Ago 0 1 0 0 0 3M Ago 0 1 0 0 0 In the last 3 months, 8 analysts have offered 12-month price targets for Caesars Entertainment. The company has an average price target of $123.5 with a high of $183.00 and a low of $105.00. Below is a summary of how these 8 analysts rated Caesars Entertainment over the past … Full story available on Benzinga.com

The company expands one of its classic brands that has a reputation for being gambler friendly.

The race for online gambling market share in the U.S. could ratchet up even further if online casinos are legalized in New York. Read more.

It''s a $4 billion bet that could take customers from MGM and Caesars.

Someone with a lot of money to spend has taken a bearish stance on Caesars Entertainment (NASDAQ: CZR ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with CZR, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 13 uncommon options trades for Caesars Entertainment. This isn''t normal. The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish. Out of all of the special options we uncovered, 10 are puts, for a total amount of $370,588, and 3 are calls, for a total amount of $113,300. What''s The Price Target? Taking into account the Volume and Open Interest on these contracts, it … Full story available on Benzinga.com