Caesars will be intimately involved<\/a>. The draft is expected to have an economic impact of well into nine figures for Las Vegas, with as many as 750,000 attendees hitting the Strip.<\/p>\n<\/div>\nLast month, league executives said the NFL fan experience and a viewing area for the draft will be located near Caesars Forum.<\/p>\n
Strong Ex-Vegas Outlook, Too<\/h2>\n
Buoyed by the spread of sports betting across the nation, Caesars has opportunities to boost revenue in markets outside of Nevada. The company currently has 29 sportsbooks, including 17 outside the Silver State, according to an investor presentation.<\/p>\n
\u201cAlthough sports books themselves garner a very low-single-digit percentage of operating profit for Caesars, the company says that existing properties see roughly a 10% traffic increase once sports wagering is added, which drives incremental gaming, hotel, and food and beverage revenue,\u201d said Wasiolek.<\/strong><\/p>\nOnline and mobile betting are more lucrative for sportsbook operators, and those are arenas in which Caesars is eyeing expansion. The company said it expects to debut mobile sports wagering in Indiana, Iowa, and Pennsylvania before the end of the second quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"
In what could be its final earnings reports as a standalone company, Caesars Entertainment Corp. (NASDAQ:CZR) didn’t offer up much in the way of specific estimates. But management appears enthusiastic about Las Vegas, a sentiment being echoed by some analysts. The Caesars Palace operator delivered fourth-quarter results Tuesday after the close of US markets, saying […]<\/p>\n","protected":false},"author":46,"featured_media":128195,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,33810],"tags":[],"acf":[],"yoast_head":"\n
Caesars Should Benefit From Strong Domestic Economy, Sports Betting<\/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