two of the fastest-growing<\/a> sports wagering markets in the US.<\/p>\n<\/div>\nAccording to a presentation provided to analysts and investors, Caesars operates 29 sportsbooks across the country, including 17 outside of Nevada. The company expects that number to increase this year, \u201cpending legislation, as seen in North Carolina.\u201d<\/p>\n
Caesars added that it expects to launch mobile sports wagering in Indiana, Iowa, and Pennsylvania in the first half of 2020.<\/p>\n
2020 Outlook<\/h2>\n
The operator did not offer up specific earnings and revenue guidance for the current quarter or 2020. But Rodio sounded an optimistic tone, noting Las Vegas should remain strong with the opening of the Caesars Forum conference center next month and the NFL Draft in April.<\/p>\n
The Caesars chief executive officer said over 240,000 room nights have been booked because of the conference space.<\/p>\n
Recently, rumors have swirled that Eldorado could consider selling that asset or<\/a> the Colosseum at Caesars Palace on the Strip<\/strong> when it completes the takeover. But no comments were made to that effect on today’s call. ERI reports results Wednesday after the close of US markets.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Caesars Entertainment Corp. (NASDAQ:CZR) reported a fourth-quarter loss of 45 cents a share, well below the loss of 11 cents a share Wall Street was expecting. But revenue jumped 2.6 percent to $2.17 billion from $2.12 billion a year earlier. The company said it reduced $100 million in expenses since the start of 2019. That’s […]<\/p>\n","protected":false},"author":46,"featured_media":128106,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10],"tags":[],"acf":[],"yoast_head":"\n
Caesars Said Q4 Revenue Rose, 2020 Strength Seen Boosted by Vegas<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n