Another analyst is speculating that Caesars Entertainment (NASDAQ: CZR) could make a move this year to extract value from its digital operations, which include Caesars Sportsbook. An ad for Caesars Sportsbook featuring actor J.B. Smoove. An analyst says the company is looking to extract value from its digital unit this year. (Image: Caesars Entertainment) In a new report to clients, Deutsche Bank analyst Carlo Santarelli said there’s a budding narrative that Caesars management is miffed by market participants ascribing inadequate value to the interactive business, which has recently pared losses and moved toward profitability. That dissatisfaction could compel leadership to take action, though it remains to be seen what that could be. Santarelli estimated that if Caesars’ digital unit can meet or beat the consensus forecast of 2025 revenue of $352 million while trading at 12.5x earnings before interest, taxes, depreciation, and amortization (EBITDA), the digital segment would trade at a deep discount to rival DraftKings (NASDAQ: DKNG) and be… Read More
Category: Financial, iGaming, Rumors, Sports Betting, rumors, sports betting
Source: Casino.org
