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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On July 3, Caesars Entertainment expanded its digital gaming partnership with Wabanaki Nations in Maine by adding three new iGaming platforms. The company faces a Zacks Rank #5 (Strong Sell) rating due to reduced earnings estimates and concerns over substantial debt. On July 6, Caesars announced it would not host a Q2 earnings call due to its pending merger agreement with Fertitta Entertainment. Caesars' stock will be delisted from NASDAQ, and the company will become a private entity upon completion of the merger, valued at approximately $17.6 billion.