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Rivalry Reports Record Ontario Performance
Globenewswire· 2025-12-17 21:30
Core Insights - Rivalry Corp. is experiencing significant growth in Ontario, its primary regulated market, following a capital restructuring and refinancing completed in October 2025 [2][4] - The company is on track for an all-time record quarter in Ontario, with new highs in handle, gross revenue, net revenue, active players, and newly acquired players during Q4 2025 [2][4] Ontario Performance Update - The growth in Ontario is attributed to approximately six weeks of increased marketing spend post-restructuring, with only a modest increase of about $75,000 USD above the previous run-rate [3] - Active players in Ontario are tracking 28% above Q3 levels, with a nearly 60% year-over-year increase, indicating strong expansion of the player base [6] - Deposits have surged approximately 240% year-over-year, alongside a 117% increase in deposit count, reflecting deeper engagement among players [6] - Wagers have doubled year-over-year, driven by sustained gains in player activity and retention [6] Private Placement Update - The company completed a non-brokered private placement, resulting in total gross proceeds of $4.26 million, with no additional funds raised beyond previously announced amounts [5] Strategic Outlook - Rivalry aims to scale proven marketing initiatives with demonstrated returns, enhance product offerings, and maintain a normalized cost base while growing Ontario's contribution to total revenue [7]
Why Caesars Entertainment Stock Plummeted 15.2% Today
Yahoo Finance· 2025-10-29 21:15
Core Points - Caesars Entertainment Inc's shares fell by 15.2% on Wednesday, contrasting with a flat S&P 500 and a 0.5% gain in the Nasdaq Composite [1] - The company reported a loss of $0.27 per share on $2.87 billion in sales, missing Wall Street's expectations of a loss of $0.09 per share on $2.89 billion in sales [3][6] - Las Vegas sales declined nearly 10% year over year, attributed to a drop in seasonal traffic [3][4] Financial Performance - Caesars Entertainment's Q3 earnings missed targets, with a reported loss of $0.27 per share [3][6] - Total sales for the quarter were $2.87 billion, slightly below the consensus estimate of $2.89 billion [3][6] Market Trends - The decline in Las Vegas traffic is noted, with CEO Tom Reeg mentioning softness in leisure demand during the summer months [4] - The shift towards online gambling is highlighted as a significant factor affecting Caesars' performance, as many gamblers prefer online platforms over traditional brick-and-mortar casinos [4] Investment Considerations - Analysts from The Motley Fool Stock Advisor have identified 10 stocks they believe are better investment opportunities than Caesars Entertainment [5][6]