Caesars Entertainment will consider splitting its online gaming business into a separate publicly traded company, CEO Tom Reeg told investors Tuesday.
Reeg said Caesars believes its digital properties—online sports betting and iGaming—have been undervalued because they are grouped with its much larger brick-and-mortar casino business.
“If the market dynamics remain the same, and the [digital] business continues to grow as it has, you should expect that we would look at any and all avenues in terms of how we can drive the most value,” Reeg said on a call reviewing Caesars’ Q4 and 2024 performance.
