Q3 2023 Earnings Call Transcript October 31, 2023 Caesars Entertainment, Inc. beats earnings expectations. Reported EPS is $0.861, expectations were $0.27. Operator: Good day, and thank you for standing by.

Caesars Entertainment, Inc. (NASDAQ:CZR) Q3 2023 Earnings Call Transcript

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In South Florida, they will start on Dec. 7 at Seminole Hard Rock Hotel & Casino Hollywood, Seminole Classic Casino in Hollywood, and Seminole Casino Coconut Creek. They will launch Dec. 11 at Seminole Casino Immokalee, near Naples, and Seminole Brighton Casino, on the northwest side of Lake Okeechobee.

Seminole Tribe to launch Florida sports betting, casino games in December

Caesars Digital, which includes the online sportsbook and new online casino, reported a positive adjusted EBITDA of $2 million compared to the $38 million loss incurred during Q3 of 2022.

Caesars Reports 14% Increase in Sports Betting Handle During Q3

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Caesars Entertainment Inc.

RENO, Nev. (AP) — RENO, Nev. (AP) — Caesars Entertainment, Inc. (CZR) on Tuesday reported third-quarter earnings of $74 million. The Reno, Nevada-based company said it had net income of 34 cents per share.

Caesars Entertainment: Q3 Earnings Snapshot

Caesars Entertainment CEO Tom Reeg stoked employee expectations to share in the wealth. Workers can expect “the largest increase our employees have seen in the four decades” since

Caesars CEO says workers will see largest raises in 4 decades of union era

Caesars Entertainment (NASDAQ:CZR) on Tuesday posted a quarterly top and bottom line beat, helped by strong demand for its casino services and for its resorts and hotels. Shares of the company swung between gains and losses in extended trading,

Caesars Entertainment Q3 results beat driven by guest demand, lower expenses

Caesars Entertainment Inc. said hackers accessed its customer loyalty program database earlier this year, and the costs of the incident cannot yet be determined.

Caesars Hackers Accessed Customer Data; Costs to Be Determined

By Ben Glickman Caesars Entertainment posted higher profit in the third quarter as sales rose on strong demand for casinos. The casino operator logged

Caesars Entertainment 3Q Profit Rises on Higher Revenue

Caesars Entertainment

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Cybersecurity stocks enjoyed a strong 2023 off the back of a generative AI boom that has posed new challenges to the industry as a whole. As rapidly advancing artificial intelligence brings fresh problems and solutions for online privacy and safety, could we see cybersecurity stocks emulate the astonishing success of semiconductor firms like Nvidia over the year ahead? Today, online businesses are having to counter increasingly sophisticated threats. that global cyberattacks have grown between 40% to 45% in 2023, with major breaches striking Las Vegas hotel operators MGM Resorts and Caesars Entertainment as well as genomics and biotech firm 23andMe. Forbes data suggests The , buoyed by advancing technologies like AI, has prompted a widespread increase in cybersecurity spending among businesses. According to Gartner data, worldwide end-user spending on security and risk management is set to in 2024, representing a 14.3% increase over last year. severity of cyberattacks reach $215 billion This heightened emphasis on cybersecurity spending has led some Wall Street analysts to suggest that the industry is next in line for a growth spurt, with generative AI growth helping to pave the way for more sophisticated defensive solutions for leading players. “Cybersecurity is becoming increasingly important as enterprises and organizations rely more on technology,” , head of investment advice at Freedom Finance Europe. “The rise in cybercrime has led to an increased demand for cybersecurity products and services, and it is expected that this demand will continue to grow in 2024.” explains Maxim Manturov In 2023, the emergence of generative AI, sparked by OpenAI’s launch of ChatGPT, paved the way for a significant market rally that saw semiconductor stocks undergo major market rallies, with Nvidia [NASDAQ: NVDA] stock returning more than 220% over the calendar year. Could the growing need for security solutions push cybersecurity stocks into similar territory over the year ahead? Emulating the 2023 Semiconductor Boom The underlying reason why semiconductor stocks like Nvidia and AMD [NASDAQ: AMD] were so popular in 2023 was that they were quickly identified as the firms best placed to facilitate the widespread adoption of generative AI solutions. Semiconductor manufacturers had the power to produce chips to support Large Language Models for businesses seeking to embrace GenAI, and investors decided to bet big on the revenues that this would bring. As we can see from the iShares Semiconductor ETF [NASDAQ: SOXX], the industry as a whole enjoyed significant growth in 2023 that nearly doubled that of the S&P 500 over the year. With both Nvidia and AMD posting triple-digit gains, it’s clear that investor appetite for generative AI was focused largely on semiconductors. Using the First Trust NASDAQ Cybersecurity ETF [NASDAQ: CIBR] as an example, we can see that the cybersecurity industry enjoyed strong growth that also outperformed the S&P 500. But could there be room for online security to take center stage in 2024? Security Risks and Opportunities of GenAI Forecasts suggest that generative AI will become omnipresent across enterprises in the future. As much as have reported that they are or will soon be using Large Language Models (LLMs) as part of their operations, with 57% expressing the same intentions. 69% of public sector companies While generative AI adoption is widely regarded as a powerful disruptive force across a vast range of industries, there are also many concerns surrounding the security threats they could pose. The adoption of LLMs raises concerns about the risks of using third-party models and their capabilities in a largely unregulated space. This rapid growth of generative AI is pushing more organizations into ramping up their artificial intelligence initiatives without sufficient guidelines or regulations in place to ensure that both AI and LLMs are safe and ethically sound. While this means that embracing AI at scale could be seen as a threat, it also offers fresh ways for companies to combat cybercrime. With many small businesses and startups incapable of building security teams to counter threats, defensive AI can offer all organizations a to keep cybercriminals at bay. valuable framework “As AI crosses a new threshold, security predictions at scale are becoming more tangible,” , CTO at IBM Security. “Although early security use cases of generative AI focus on the front end, improving security analysts’ productivity, I don’t think we’re far from seeing generative AI deliver a transformative impact on the back end to completely reimagine threat detection and response into threat prediction and protection. suggests Sridhar Muppidi “The technology is there, and the innovations have matured. The cybersecurity industry will soon reach a historic milestone, achieving prediction at scale.” Innovative Cybersecurity to Bring Wall Street Growth As generative AI presents more sophisticated risks to online businesses, cybersecurity firms that embrace artificial intelligence can be best placed to combat threats more effectively and consistently. This will invariably present new opportunities to investors on Wall Street, with leading cybersecurity stocks already working on comprehensively embracing AI solutions. With this in mind, three cybersecurity stocks could be well placed to emulate the success of leading semiconductor firms on Wall Street should investors turn their attention to AI defences in 2024: 1. Fortinet Inc [FTNT] \Fortinet is no stranger to parabolic growth on Wall Street, having made spectacular gains in the wake of the pandemic-driven push towards digital transformation in recent years. The firm has seen much of its growth emerge from the firewall market, which analysts believe has been steadily improving over the second half of 2023. The beauty of Fortinet is that , managing director at Bank of America, believe that the stock is trading at a “significant discount” in comparison to the firm’s bull and bear scenarios, which still implies a 4% upside in a worst-case scenario. analysts led by Tal Liani 2. CrowdStrike [NASDAQ: CRWD] CrowdStrike became one of the most impressive cybersecurity performers in 2023 and is readily embracing generative AI solutions to add further strength in the future. The firm is a leading resource for endpoint security and specializes in antivirus, detection, response, and combatting malware. In May 2023, CrowdStrike , a generative AI security analyst that provides automated detection and response to assist users of all skill levels to identify and stop breaches in a more simplified manner. The LLM will also enable customers to ask questions in dozens of languages to receive more accurate and intuitive responses from the CrowdStrike Falcon platform. introduced Charlotte AI 3. Microsoft [NASDAQ: MSFT] Tech giant Microsoft always has the power to enter industries and become a market leader, and the recent in-roads the firm has been making in cybersecurity could help its stock to become recognized as a prominent force in the sector. Having recently implemented a new AI assistant within the Microsoft Security Copilot platform, Microsoft’s cybersecurity capabilities are continuing to grow thanks to artificial intelligence solutions. In November 2023, what the company termed “the next major step in this industry-defining vision: combining the power of leading solutions in security information and event management (SIEM), extended detection and response (XDR), and generative AI for security into the first unified security operations platform.” Microsoft announced This AI-driven security upgrade for Microsoft Security Copilot further underlines the stock’s position as a key innovator in the field of . cybersecurity Can Cybersecurity Emulate the Semiconductor Boom? The semiconductor industry benefitted from having a strong relationship with generative AI due to its key role in implementing the technology. While the GenAI boom was a rare instance that brought floods of investor optimism and growth to global markets, it’s reasonable to expect cybersecurity to experience growth as the implications of the technology place a greater emphasis on security. Although emulating Nvidia’s significant 2023 rally may prove to be a little on the ambitious side, generative AI will likely ensure that cybersecurity innovators remain more relevant than ever in the future.

Could Cybersecurity Stocks Be Next In-Line to Emulate the Success of 2023’s Semiconductor Boom?

সাইবারসিকিউরিটি স্টকগুলি কি 2023 এর সেমিকন্ডাক্টর বুমের সাফল্যকে অনুকরণ করতে পরবর্তী ইন-লাইন হতে পারে?

Könnten Cybersicherheitsaktien als nächstes an den Erfolg des Halbleiterbooms im Jahr 2023 anknüpfen?

¿Podrían las acciones de ciberseguridad ser las próximas en emular el éxito del auge de los semiconductores de 2023?

Les actions de cybersécurité pourraient-elles être les prochaines à imiter le succès du boom des semi-conducteurs de 2023 ?

क्या 2023 के सेमीकंडक्टर बूम की सफलता का अनुकरण करने के लिए साइबर सुरक्षा स्टॉक अगली कतार में हो सकते हैं?

2023 年の半導体ブームの成功を真似るのはサイバーセキュリティ銘柄になる可能性があるでしょうか?

사이버 보안 주식이 2023년 반도체 붐의 성공을 모방할 수 있을까요?

As ações de segurança cibernética poderiam ser as próximas a emular o sucesso do boom de semicondutores de 2023?

Могут ли акции кибербезопасности стать следующими на очереди, чтобы повторить успех полупроводникового бума 2023 года?

Siber Güvenlik Hisseleri 2023'teki Yarı İletken Patlamasının Başarısını Taklit Edecek Sırada Olabilir mi?

Cổ phiếu an ninh mạng có thể trở thành cổ phiếu tiếp theo mô phỏng thành công của sự bùng nổ chất bán dẫn năm 2023 không?

网络安全股票能否效仿 2023 年半导体繁荣的成功？

Blockchain Gets its First Ever Dedicated Stage at E3 Gaming Expo Blockchain to Make Historic Debut at E3 Summit announced last week that blockchain gaming will be getting its first-ever stage at the annual held in Los Angeles. Considered to be the world’s largest and most renowned gaming expo, E3 reached a record-breaking attendance level of almost 70,000 gamers, journalists, fans, and industry insiders in 2018. Hosted and organized by DGA Summit / CoinState, the blockchain gaming stage at E3 signifies a huge milestone for the blockchain space as countless projects race for mainstream adoption. DGA (Digital Games + Assets) E3 Gaming Expo One Small Step for Gaming, One Giant Leap for Blockchain Blockchain and gaming are two industries more closely related than most think, and their audiences often intersect. In fact, many of crypto’s brightest minds drew inspiration from the gaming industry, as the concept of digital (or virtual) economies was first realized in games such as EverQuest and World of Warcraft. The concept of virtual economies — although not decentralized — undoubtedly influenced some of the fundamental principles of the blockchain industry. The Blockchain Gaming Stage at E3 comes at an interesting time, as more financial & academic institutions, multinational corporations, government agencies, look to blockchain for solutions spanning countless use cases. Many industry leaders and developers predict the gaming segment to be one of the first adopters of blockchain technology, ushering the next wave of mass adoption of blockchain technologies. NFTs, or non-fungible tokens, will play a fundamental role in the development of the blockchain gaming industry. NFTs show great potential as a way to “mine” in-game assets such as trophies, rare items, weapons, player skins, land, and so forth simply by playing. CryptoKitties, one of the blockchain stage sponsors, was the first to gain mass exposure in the NFT space back in 2017. The popularity of the game forced the Ethereum network to a grinding halt and propelled the value of early-generation kitties into the stratosphere. The value derives from several characteristics of NFTs: : an item that is limited to only one or a very small number of players within the virtual world. Rarity / Scarcity : the item exists throughout the virtual world and can be seen publicly outside the virtual world, on the blockchain. Persistence : the item’s influence or value can be affected by other mechanisms in the game, as long as it is within the games’ rules and boundaries. The item can also be traded between users with completeness as NFTs are typically not divisible. Interconnectivity : demand for unique items create a secondary market outside of the virtual world, and can be traded and recorded on the blockchain Secondary markets Even though CryptoKitties’ implementation of NFTs was very simple, it was the first of its kind.The game was slow and expensive (although much better today) — revealing some of the drawbacks of a truly decentralized system. Had the game launched today, the developers would have much more flexibility and choice in dealing with scalability issues. , another Blockchain Gaming Stage sponsor, is an example of a second-layer protocol that solves scalability issues within the Ethereum network. Matic lists in its whitepaper as one of its biggest use-cases; it’s already attracted projects like Decentraland, an Ethereum-based virtual reality platform, to build on its plasma-based protocol. When asked about the future of blockchain in gaming, Sandeep Naiwal, COO of Matic, commented: Matic Network games “Gaming is long expected to be one of the primary use cases to catapult Blockchains towards mass adoption. We at Matic consider gaming as one of our core focus areas. Matic provides smooth developer experience as well as easy onboarding and usage for existing Ethereum users which has by far the biggest mind share within crypto community. This has resulted in some of the biggest names in Blockchain gaming space like Decentraland gravitating towards Matic Network” The brutal crypto winter was not enough to stop the blockchain pioneers. Despite the vast majority of projects failing to gain a stronghold in price, developers continued their work in laying the foundations and infrastructure to prepare for mass adoption. Although there is still much work to be done, the future of blockchain gaming is looking bright and promising. The Lineup: 2019’s Speakers & Sponsors : Randy Saaf (MLB Champions), James Ferguson (Gods Unchained), Mickey Maher (Dapper Labs / CryptoKitties), Fred Krueger (EOS Lynx), John Jeng (Annu Gear), Greg Zinone (Klout Blockchain), Ivan Soto (MoonPay), Austin Davis (Blockchain Beach), Caterina Zhang (Cocos-BCX), Justin Wu (CoinState), Justin Mavandi (FaZe Clan), Nolan Bushnell (Atari & Chuck E Cheeses) Speakers : Altcoin Buzz, Blockchain Beach, Blockchain Game Alliance, , Cocos BCX, CoinState, CryptoKitties, EOS Lynx, Fuel Games, Global Gaming Tech Corp, Gods Unchained, Ikigai Asset Management, Klout Blockchain, Lucid Sight (MLB Champions), , Matic Network, MoonPay, The Rabbit Hole, Wave Financial Sponsors & Media Partners Chromia Lunar Digital Assets CoinState is a Blockchain community & media team based in Los Angeles. Focused on building communities & events around Seattle, Vancouver B.C., Los Angeles, Phoenix and San Francisco. CoinState launched , the first Blockchain Conference in Seattle on June 2018. The conference had 700+ attendees and speakers from Bittrex, T-Mobile, MyCrypto, New Alchemy, Caesars Entertainment and more. About CoinState: BlockchainNW “The Video Games industry always leads the way for lot of innovation and mass adoption of disruptive technologies. The true will be the same for blockchain where it’s been a perfect use case to bring true ownership of digital assets. We decided to build this stage to generate conversations and connections with the games industry directly. If we want to achieve adoption, we have to escape the blockchain industry bubble and go directly to industry leaders to bring adoption and education.” — Justin Wu, founder of CoinState and DGA Originally published at Lunar Digital Assets . <a href="https://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/href">https://medium.com/media/3c851dac986ab6dbb2d1aaa91205a8eb/href</a>

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