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home / news releases / PDYPY - Caesars and Wynn Resorts push hard into sports betting ahead of NFL season

PDYPY - Caesars and Wynn Resorts push hard into sports betting ahead of NFL season

Paddy Power Betfair PLC ADR
All eyes are in the sports betting sector are on how the action breaks once the NFL season begins. Heading into NFL football, Morgan Stanley says Caesars Entertainment (NASDAQ:CZR) and Wynn Resorts (NASDAQ:WYNN) have seen significant improvement with their online sports betting and iGaming initiatives as they deploy more marketing capital to grabbing market share. The battle for market share in new competitive states like Arizona, Louisiana and Maryland is being watched closely by the firm with overall sports betting action anticipated to ramp up with the NFL season starting next week. While analyst Thomas Allen and team say the near-term marketing spending could obscure who the long-term winners will be, they see WYNN and CZR potentially making things trickier for DraftKings (NASDAQ:DKNG), Penn National Gaming's (NASDAQ:PENN) Barstool Sports and Flutter Entertainment's (OTCPK:PDYPY) Fanduel in the near term in the battle for share. " We found WYNN has seen an increase

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Caesars and Wynn Resorts push hard into sports betting ahead of NFL season
Stock Information
Company Name: Paddy Power Betfair PLC ADR
Stock Symbol: PDYPY
Market: OTC
Website: flutter.com
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