DraftKings, FanDuel brace for Q3 results amid tough NFL season [Yahoo! Finance]
Caesars Entertainment, Inc. (CZR)
Last caesars entertainment, inc. earnings: 2/25 04:30 pm
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Source: Yahoo! Finance
The companies could face headwinds from a challenging start to the NFL season. JMP senior equity research analyst Jordan Bender joins Market Domination to discuss his outlook on the sports betting space ahead of these two key earnings results. Bender notes that the NFL season has started poorly for the sports bookers, with bettors winning more than anticipated. "This is putting more money in people's pockets and less money in the sports operators' pockets," he explains. Bender says this has sparked concerns about the financial impacts for companies and the lingering effect on the fourth quarter and 2025. Despite this short-term hiccup, Bender remains optimistic about the sector's long-term prospects. "We do think that underlying fundamentals are actually very, very strong within this sector," he tells Yahoo Finance. "What we call bad game outcomes or the favorites winning, which is what we're seeing here, this is just part of the online gaming ecosystem. This is what investors h
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CZR
Earnings
- 10/29/24 - Miss
CZR
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- CZR's page on the SEC website