Caesars Entertainment has begun taking sports wagers at Ko-Kwel Casino Resort in Coos Bay, Oregon, through its partnership with the Coquille Indian Tribe. The launch marks Caesars’ first sports wagering offer in a new jurisdiction, the company said.
Quarter ended 30 September 2026
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The Oregon Lottery reported that sports handle rose 6% to $80.6 million in May, reportedly on stronger parlay wagering.
Caesars Entertainment has denied speculation that its Planet Hollywood or Flamingo properties in Las Vegas are being sold. The rumours followed Fertitta Entertainment’s planned $17.6 billion acquisition of Caesars, which is expected to close next year; the source says neither property is currently up for sale.
Rumours that Planet Hollywood or Flamingo could be sold are inaccurate, the source reports. The speculation followed Fertitta Entertainment’s $17.6bn acquisition of Caesars Entertainment. The purchase is expected to close next year.
Jefferies analyst David Katz said casino investors should focus on operating efficiency, highlighting earnings per room at Las Vegas Strip operators. Wynn Resorts is expected to generate $180,000 in room-level EBITDA this year, compared with estimated figures of $83,000 for Caesars Entertainment and $77,000 for MGM Resorts International.
Texas Capital analyst David Bain lowered estimates for Boyd Gaming ahead of its third-quarter results, due on 22 October, while retaining a buy rating and a $106 price target. Bain cited valuation and possible growth catalysts, including a fourth-quarter recovery in Las Vegas locals and other regions; Boyd could also consider assets Caesars Entertainment may sell, although no venues have been put on the market.
Caesars and MGM executives said at the previous week’s Global Gaming Expo that they would avoid prediction markets because of Nevada licensing risks. MGM CEO Bill Hornbuckle and Caesars CEO Tom Reeg cited regulatory warnings and concerns about safeguards against insider trading.