Caesars Entertainment, Inc. (CZR - Free Report) recently announced collaboration with an American football team — Houston Texans — becoming its official casino partner. The deal goes into effect immediately.
The association involves integration of the company’s loyalty program — Caesars Rewards — into Houston Texans’ promotional channels, including in-stadium signage as well as digital and traditional media assets. Also, the company will sponsor the free-to-play "Schedule Pick 'Em" game, available on the Texans official mobile app.
Moreover, the company has undertaken a number of initiatives to boost fan experience. This includes a chance to win exclusive prizes such as paid trip to a Caesars Entertainment destination property and game tickets, on the basis of match predictions. The company will also provide one Texans season ticketholder (during each game) a chance to win an all-inclusive trip to Las Vegas.
With respect to the collaboration, Chris Holdren, co-president of Caesars Digital, stated, "We look forward to creating extraordinary experiences for Texans fans by doing what we do best, leveraging Caesars Entertainment's vast portfolio of casino, hospitality, entertainment, and sports expertise."
Meanwhile, the company is committed toward expanding relationships with leagues and professional sports teams. To this end, it has formed partnerships with the NBA, NHL and MLB. Also, it is the official casino sponsor and sports betting partner of the NFL.
Price Performance
Coming to price performance, shares of Caesars Entertainment have gained 26.2% so far this year compared with the industry’s 6.2% growth. The company is benefitting from solid performance of the regional destination properties. This along with the integration of digital offerings with Caesars Rewards bode well. Improvement in occupancy levels is an encouraging factor. However, coronavirus-related woes persist. The company expects the likely negative impact of the pandemic to affect operations for some time. Earnings estimates for 2022 have declined in the past 30 days, depicting analysts’ concern regarding the stock’s growth potential.
Zacks Rank & Key Picks
Caesars Entertainment currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the same space include SeaWorld Entertainment, Inc. , Camping World Holdings, Inc. (CWH - Free Report) and RCI Hospitality Holdings, Inc. (RICK - Free Report) . SeaWorld Entertainment sports a Zacks Rank #1, while Camping World and RCI Hospitality carry a Zacks Rank #2 (Buy).
SeaWorld Entertainment’s 2021 earnings are expected to surge 176.4%.
Camping World has a three-five year earnings per share growth rate of 34.7%.
RCI Hospitality has a trailing four-quarter earnings surprise of 196.3%, on average.
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Caesars Entertainment, Inc. (CZR - Free Report) recently announced collaboration with an American football team — Houston Texans — becoming its official casino partner. The deal goes into effect immediately.
The association involves integration of the company’s loyalty program — Caesars Rewards — into Houston Texans’ promotional channels, including in-stadium signage as well as digital and traditional media assets. Also, the company will sponsor the free-to-play "Schedule Pick 'Em" game, available on the Texans official mobile app.
Moreover, the company has undertaken a number of initiatives to boost fan experience. This includes a chance to win exclusive prizes such as paid trip to a Caesars Entertainment destination property and game tickets, on the basis of match predictions. The company will also provide one Texans season ticketholder (during each game) a chance to win an all-inclusive trip to Las Vegas.
With respect to the collaboration, Chris Holdren, co-president of Caesars Digital, stated, "We look forward to creating extraordinary experiences for Texans fans by doing what we do best, leveraging Caesars Entertainment's vast portfolio of casino, hospitality, entertainment, and sports expertise."
Meanwhile, the company is committed toward expanding relationships with leagues and professional sports teams. To this end, it has formed partnerships with the NBA, NHL and MLB. Also, it is the official casino sponsor and sports betting partner of the NFL.
Price Performance
Coming to price performance, shares of Caesars Entertainment have gained 26.2% so far this year compared with the industry’s 6.2% growth. The company is benefitting from solid performance of the regional destination properties. This along with the integration of digital offerings with Caesars Rewards bode well. Improvement in occupancy levels is an encouraging factor. However, coronavirus-related woes persist. The company expects the likely negative impact of the pandemic to affect operations for some time. Earnings estimates for 2022 have declined in the past 30 days, depicting analysts’ concern regarding the stock’s growth potential.
Zacks Rank & Key Picks
Caesars Entertainment currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks in the same space include SeaWorld Entertainment, Inc. , Camping World Holdings, Inc. (CWH - Free Report) and RCI Hospitality Holdings, Inc. (RICK - Free Report) . SeaWorld Entertainment sports a Zacks Rank #1, while Camping World and RCI Hospitality carry a Zacks Rank #2 (Buy).
SeaWorld Entertainment’s 2021 earnings are expected to surge 176.4%.
Camping World has a three-five year earnings per share growth rate of 34.7%.
RCI Hospitality has a trailing four-quarter earnings surprise of 196.3%, on average.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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