Caesars (CZR) Climbs 4% Ahead of Missouri's Sports Betting Launch

We recently published 10 Firms Shining Bright in a Bleeding Market. Caesars Entertainment Inc. (NASDAQ:CZR) is one of the best-performing stocks on Monday.

Caesars Entertainment rallied for a second day on Monday, adding 4.20 percent to close at $20.61 apiece as investors took path from Missouri’s legalization and official launch of mobile sports betting in the state.

Scheduled for official launch on December 1, the newly approved sports wagering market opened the door for gaming companies such as Caesars Entertainment Inc. (NASDAQ:CZR) to tap the state’s more than 6 million residents.

Ahead of the launch, Caesars Entertainment Inc. (NASDAQ:CZR) kicked off an early promotion for new users aged 21 and older who are able to register and fund their Caesars Sportsbook mobile app accounts by December 1.

The mobile app features a comprehensive sports wagering offerings such as Same Game Parlays, player props, futures, and live in-play betting markets, among others.

Bettors will also be able to access livestreaming of marquee sporting events, including NFL games, directly within the app.

The Caesars Sportsbook platform features quick payouts, a variety of deposit options, among others.

“We expect the Caesars Sportsbook mobile app with Universal Digital Wallet and the retail experiences we’re bringing to Caesars Rewards destinations in the Show Me State to build on this passion. We’re thankful to the Missouri Gaming Commission for making this initial mobile launch possible and look forward to the full launch on December 1,” said Caesars Digital President Eric Hession.

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Disclosure: None. This article is originally published at Insider Monkey.