Caesars’ stock has been a winner since launching new NBA slot game

The casino entertainment group is cashing in on its digital gambling and sports betting divisions as Vegas revenues slump.

Millie Giles

4/28/25 10:04AM

In the online gambling business, sometimes it pays to shoot your shot. Caesars Entertainment, Inc., which claims to be the largest casino entertainment company in the US, launched a new NBA-themed slot game last Wednesday — helping its stock gain almost 14% over the last week.

With the NBA playoffs now playing out on court (and our screens), the online game, which features NBA branding and visuals, was created in collaboration with Games Global as part of Caesars Entertainment’s multiyear partnership with the basketball behemoth.

The news comes as Caesars’ online gambling arm continues its yearslong winning streak. Since Caesars Entertainment Corporation was acquired by Eldorado Resorts in 2020 as part of its bankruptcy reorganization, annual revenue for the group’s gaming and sports betting operations segment, Caesars Digital, has ballooned, topping more than $1.1 billion last year. In fact, digital was the only one of the company’s divisions that grew in FY24.

Sides of the coin

The group’s digital gaming efforts, which include Caesars Sportsbook, Caesars Racebook, and other online casino apps, have been a bright spot for some time, burgeoning alongside a national boom in online gambling. Indeed, reports emerged in February that the entertainment giant is considering spinning off its digital business into its own publicly traded entity due to its exceptional growth.

But with digital gambling soaring, what happens in Vegas? While the Caesars brand is famed for its presence in the Nevada city — in particular, world-renowned hotel and casino Caesars Palace, though Caesars now leases this property from its new owner — net annual revenue from its Las Vegas segment declined last year.

Nia Warfield

15h

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

385 ✈️ 434

Max Knoblauch

15h

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

Nia Warfield

9/8/25

Tariffs finally crept into retail's latest earnings results. Who were the winners and losers?

The long-awaited levies took a toll on nearly every retailer, but execution separated who could steer through the costs.