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Stock impact report

Caesars (CZR) Holds Ground Against Emerging Betting Exchanges, Citizens Reaffirms Market Outperform Rating [Yahoo! Finance]

Caesars Entertainment, Inc. (CZR) 
Last caesars entertainment, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.caesars.com/investor-relations
Company Research Source: Yahoo! Finance
a Market Outperform rating and $37 price target on Caesars Entertainment Inc. (NASDAQ:CZR), citing evidence indicating that betting exchanges represent minimal competitive risk to traditional establishments. The firm analyzed moneyline and over/under odds during the NFL Week 14 games, collecting 26 data points from companies like FanDuel, DraftKings, and betting platform Kalshi. The data, collected on December 5, revealed that Kalshi's pre-game odds were 14% lower than DraftKings and 15% lower than FanDuel when transaction fees were taken into account. Although Kalshi's average over/under pricing improved week-over-week, game results declined, leading to a worse total pricing discount than established sportsbooks. This follows Citizens' previous coverage of the company on December 1, where the firm maintained a positive stance on Caesars Entertainment Inc. (NASDAQ:CZR) despite talks regarding the possible impact of betting platforms on traditional gambling operators. Even before t Show less Read more
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