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Caesars (CZR) Launches New App in Florida & Ohio With NYRA
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Caesars Entertainment, Inc.’s (CZR - Free Report) division, Caesars Sportsbook, and NYRA Bets LLC have launched a new horse racing account wagering app, Caesars Racebook, in Florida and Ohio. This is welcome news for horse racing fans in the region.
Dan Shapiro, senior vice president and chief development officer of Caesars Digital, said, “ We look forward to welcoming new horse racing customers and existing fans onto the platform and to working with NYRA Bets to grow horse racing as we deploy Caesars Racebook with plans to launch in about 30 states across the country.”
The partnership will help Caesars to expand its presence in horse racing, which made $12.2 billion in pari-mutuel wagering handle in 2021. Caesars Racebook players can get all the extra benefits of NYRA Bets, which include race replays, handicapping insights, and more.
In the past year, shares of Caesars Entertainment have fallen 54.7%, compared with the industry’s decline of 43.6%. The downside was primarily due to the coronavirus pandemic and high costs.
Expansion Efforts & Partnership to Drive Growth
Caesars Entertainment continues to focus on partnerships to drive growth. The company has expanded its partnership with the Arizona Diamondbacks and Caesars Superdome. William Hill, which is part of Caesars Entertainment, opened its first sportsbook inside the U.S. sports complex at the world-famous Capital One Arena in 2020. Meanwhile, the company is committed to expanding relationships with leagues and professional sports teams. To this end, it has formed partnerships with the NBA, NHL and MLB. Also, it is the official casino sponsor and sports betting partner of the NFL.
On Aug 12, 2021, the company announced a collaboration with an American football team — Houston Texans — and became its official casino partner. Fiesta Bowl Organization is the most recent addition to Caesars Entertainment’s list of growing sports relationships. Meanwhile, the company emphasizes sports betting expansion. To this end, it formed a new Caesars Digital segment comprising sports betting, iGaming and poker. The company integrated its digital offerings with Caesars Rewards at online and physical casinos. As of Mar 31, 2022, the company operates sports betting in 24 jurisdictions, 17 of which are mobile.
Civeo sports a Zacks Rank #1 at present. The company has a trailing four-quarter earnings surprise of 1,565.1%, on average. Shares of the company have soared 70.9% in the past year.
The Zacks Consensus Estimate for CVEO’s 2022 sales and earnings per share (EPS) suggests growth of 12.5% and 1,450%, respectively, from the year-ago period’s levels.
Bluegreen Vacations flaunts a Zacks Rank #1. BVH has a trailing four-quarter earnings surprise of 85.9%, on average. The stock has surged 39.9% in the past year.
The Zacks Consensus Estimate for BVH’s current financial year sales and EPS indicates growth of 11.2% and 35.1%, respectively, from the year-ago period’s reported levels.
Funko carries a Zacks Rank #1. FNKO has a trailing four-quarter earnings surprise of 78.7%, on average. Shares of the company have declined 11.6% in the past year.
The Zacks Consensus Estimate for Funko’s current financial year sales and EPS suggests growth of 26.8% and 31%, respectively, from the year-ago period’s reported levels.
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Caesars (CZR) Launches New App in Florida & Ohio With NYRA
Caesars Entertainment, Inc.’s (CZR - Free Report) division, Caesars Sportsbook, and NYRA Bets LLC have launched a new horse racing account wagering app, Caesars Racebook, in Florida and Ohio. This is welcome news for horse racing fans in the region.
Dan Shapiro, senior vice president and chief development officer of Caesars Digital, said, “ We look forward to welcoming new horse racing customers and existing fans onto the platform and to working with NYRA Bets to grow horse racing as we deploy Caesars Racebook with plans to launch in about 30 states across the country.”
The partnership will help Caesars to expand its presence in horse racing, which made $12.2 billion in pari-mutuel wagering handle in 2021. Caesars Racebook players can get all the extra benefits of NYRA Bets, which include race replays, handicapping insights, and more.
In the past year, shares of Caesars Entertainment have fallen 54.7%, compared with the industry’s decline of 43.6%. The downside was primarily due to the coronavirus pandemic and high costs.
Expansion Efforts & Partnership to Drive Growth
Caesars Entertainment continues to focus on partnerships to drive growth. The company has expanded its partnership with the Arizona Diamondbacks and Caesars Superdome. William Hill, which is part of Caesars Entertainment, opened its first sportsbook inside the U.S. sports complex at the world-famous Capital One Arena in 2020. Meanwhile, the company is committed to expanding relationships with leagues and professional sports teams. To this end, it has formed partnerships with the NBA, NHL and MLB. Also, it is the official casino sponsor and sports betting partner of the NFL.
On Aug 12, 2021, the company announced a collaboration with an American football team — Houston Texans — and became its official casino partner. Fiesta Bowl Organization is the most recent addition to Caesars Entertainment’s list of growing sports relationships. Meanwhile, the company emphasizes sports betting expansion. To this end, it formed a new Caesars Digital segment comprising sports betting, iGaming and poker. The company integrated its digital offerings with Caesars Rewards at online and physical casinos. As of Mar 31, 2022, the company operates sports betting in 24 jurisdictions, 17 of which are mobile.
Image Source: Zacks Investment Research
Zacks Rank & Key Picks
Caesars Entertainment currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the Consumer Discretionary sector are Civeo Corporation (CVEO - Free Report) , Bluegreen Vacations Holding Corporation and Funko, Inc. (FNKO - Free Report) .
Civeo sports a Zacks Rank #1 at present. The company has a trailing four-quarter earnings surprise of 1,565.1%, on average. Shares of the company have soared 70.9% in the past year.
The Zacks Consensus Estimate for CVEO’s 2022 sales and earnings per share (EPS) suggests growth of 12.5% and 1,450%, respectively, from the year-ago period’s levels.
Bluegreen Vacations flaunts a Zacks Rank #1. BVH has a trailing four-quarter earnings surprise of 85.9%, on average. The stock has surged 39.9% in the past year.
The Zacks Consensus Estimate for BVH’s current financial year sales and EPS indicates growth of 11.2% and 35.1%, respectively, from the year-ago period’s reported levels.
Funko carries a Zacks Rank #1. FNKO has a trailing four-quarter earnings surprise of 78.7%, on average. Shares of the company have declined 11.6% in the past year.
The Zacks Consensus Estimate for Funko’s current financial year sales and EPS suggests growth of 26.8% and 31%, respectively, from the year-ago period’s reported levels.