DraftKings Faces Big Fight Against Las Vegas Casino Giants
In the last few months, casino giants have made clear that they aren't going to let online betting-focused companies like DraftKings (NASDAQ: DKNG), Golden Nugget Online Gaming (NASDAQ: GNOG), and Rush Street Interactive (NYSE: RSI) take the market without a fight.
Caesars Entertainment (NASDAQ: CZR), MGM Resorts (NYSE: MGM), and Wynn Resorts (NASDAQ: WYNN) are putting billions of dollars into acquiring and building their own online gambling platforms. And they may have some advantages that digital-only companies don't in this fight for the next generation of gambling.
Image source: Getty Images.
Source Fool.com
