Will Caesars Entertainment Stock Stage A Quick Recovery?

Will Caesars Entertainment Stock Stage A Quick Recovery?

The shares of Caesars Entertainment (NASDAQ: CZR) are currently 25% below pre-pandemic levels despite record high investor optimism for sports betting and iGaming business in October 2021. The company operates an aggregate of 52 domestic properties in 16 states with slot machines, video lottery terminals, table games, and other hospitality service offerings. Lately, high competitive rivalry due to multiple players, including Draft Kings, Barstool, bet365, HardRock Café, BetMGM, and FanDuel has become a concern for investors. However, DKNG stock has a market capitalization of $6 billion with digital casino as the key product offering. Thus, Trefis believes that Caesar stock is poised for more gains. See our analysis Caesars Entertainment Stock Chance of Rise for more details. (related: Will Las Vegas Sands Stock Climb The Ladder Again?) CZR Chance of Rise With stock prices falling precipitously across sectors, we may be heading toward a bear market for the first time since March 2020, when the Covid-19 outbreak triggered a market crash. We capture key trends in the Dow during and after major market crashes in our interactive dashboard analysis, 'Market Crashes Compared.' What if you're looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten