Caesars Sportsbook And National Hockey League Renew Partnership
Portfolio Pulse from Benzinga Newsdesk
Caesars Entertainment, Inc. (NASDAQ:CZR) and the NHL have renewed their partnership, extending Caesars' role as a Sports Betting and Gaming Partner. The new agreement includes access to NHL intellectual property for creating NHL-branded iCasino games on Caesars Digital platforms, exclusive Caesars Rewards member experiences, and enhanced visibility during NHL broadcasts. The partnership emphasizes responsible gaming and leverages the NHL's fan engagement to offer unique experiences and rewards through Caesars Sportsbook and Caesars iCasino platforms.
March 07, 2024 | 1:38 pm
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Caesars Entertainment, Inc. extends its partnership with the NHL, gaining rights to create NHL-branded iCasino games and offering exclusive experiences to Caesars Rewards members. The partnership aims to enhance fan engagement and promote responsible gaming.
The renewal of the partnership between Caesars Entertainment and the NHL is likely to have a positive short-term impact on CZR's stock. Access to NHL intellectual property for creating branded iCasino games could attract new users and retain existing ones, enhancing Caesars' online gaming offerings. The emphasis on exclusive experiences for Caesars Rewards members and the visibility during NHL broadcasts could further strengthen brand loyalty and customer engagement, potentially leading to increased revenue from both sports betting and iGaming platforms.
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