© Provided by The Motley Fool Caesars Getting Serious About Online Gambling ![Caesars Online Gambling Caesars Online Gambling](https://cdn.wallpapersafari.com/95/37/raNOfu.jpg)
- Caesars Online Gambling Atlantic City
- Caesars Slots On Facebook
- Caesars Online Gambling Pennsylvania
- Casinos Online Gambling
Caesars Casino offers all your favorite slot machines and table games, as well as an online sportsbook. Play from anywhere in the Garden State and win real money! We also offer poker in NJ at WSOP.com. Enjoy real money gaming online. After New Jersey legalized online gaming in 2013, many of the state’s land-based casinos rushed to open online versions. One of the first to open was Caesars Online Casino, which is one of the oldest and most-trusted names in New Jersey gaming. This review is a step by step guide on how to sign up for an account, utilize the Caesars. FILE – In this Jan. 12, 2015, file photo, a man takes pictures of Caesars Palace hotel and casino in Las Vegas. A $17.3 billion buyout creating the world’s biggest casino company has final. Caesars casino online support is amiable and available through most of the day, with more than enough ways to get in touch and solve any potential issues. These channels include four different e-mail addresses, a Toll-free Caesars online casino.
Online gambling is suddenly the hottest segment of the international gambling market. DraftKings(NASDAQ: DKNG), EveriHoldings(NYSE: EVRI), GAN Limited(NASDAQ: GAN), and even PennNational Gaming(NASDAQ: PENN) have been shooting higher for the past six months on hopes that online gambling will be a highly profitable business for them.
But the traditional gambling industry may still have a few tricks up its sleeve. MGM Resorts(NYSE: MGM) is one of the biggest online gambling companies in the U.S. already, and it is slowly expanding its presence. And Caesars Resorts(NASDAQ: CZR) is only now starting to take online gambling seriously.
This week, it's Caesars that may be ready to make a big move into the market by buying its online gambling partner William Hill. Casino winners youtube.
© Getty Images Person betting on soccer on mobile device.
Caesars' big move
The news on Friday was that Caesars and private equity firm Apollo have both submitted cash offers to acquire William Hill. The gambling company has a $2.9 billion market cap, so this is a big offer by any measure. But it's not that big when compared to the market cap gains DraftKings and Penn National have made, two of the companies that have benefited the most from online gambling hype, so it's understandable why Caesars wants in on the action. Mobile casino norway.
© YCharts DKNG Market Cap The only problem is that Caesars isn't exactly cash-rich after the merger between Eldorado Resorts and the old Caesars Entertainment, which wrapped up in July. So it's not clear how it will come up with $2.9 billion -- or more -- unless it adds even more debt or sells stock to fund the acquisition. But finding the cash may not even be the biggest problem.
Popular Searches
The payback on an online gambling acquisition is questionable
It's easy to see why investors are so excited about the potential of online gambling. It could be a bigger market than gambling in casinos because there's no limit on when bets can be made, and it may be a much higher-margin operation because it doesn't require multibillion-dollar casinos to get up and running. But there are more obstacles than that.
Only 14 states have legalized any sort of online gambling today, and the ones that haven't aren't huge business opportunities. In New Jersey, the most mature online gambling market, total gaming win in August 2020 was $87.8 million, led by $27.7 million in revenue for Golden Nugget and Betfair. By comparison, Atlantic City generated $199.1 million in overall gambling win during the same month, so the casino business is still bigger (for now).
![Caesars Online Gambling Caesars Online Gambling](https://cdn.wallpapersafari.com/95/37/raNOfu.jpg)
Not only is revenue relatively small today, but new states have been slow to sign on, coming online one at a time over the last few years. Even if online betting is successful in the states where it's legal, there's no telling how long it will take to be legalized nationwide. And only a national business would make a multibillion-dollar buyout of William Hill worthwhile.
Competition has no borders
What's even more concerning is that competition is only a click away. That'll keep customers searching for the best deals, which may limit margins.
The competition also isn't limited in the way it is in the physical gambling business. The reason Caesars is so valuable is because of its physical locations in Las Vegas, which would be impossible to replicate. But an online casino is an online casino, no matter the brand on the app. And states seem more than open to having lots of betting sites, so competition could be extensive. If there are a dozen operators in states, the market opportunity will be limited.
Has Caesars backed itself into a corner?
Investors have to be wondering if Caesars didn't take online gambling seriously enough to begin with. It could have built its own online betting platform, but it chose to partner with William Hill instead. Now it may have to spend billions of dollars to bring the business back under Caesars' control. That may be its only option, but it's a costly price to bet on the online gambling business.
Travis Hoium owns shares of MGM Resorts International. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Caesars Online Gambling Atlantic City
SPONSORED:Caesars Slots On Facebook
10 stocks we like better than Caesars Entertainment
Caesars Online Gambling Pennsylvania
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now.. and Caesars Entertainment wasn't one of them! That's right -- they think these 10 stocks are even better buys.
Casinos Online Gambling
*Stock Advisor returns as of September 24, 2020