Caesars Entertainment, Inc. - CZR STOCK NEWS

Jeff Dunham and his characters announce six performance dates for the show "Still Not Canceled" at Zappos Theater, Planet Hollywood Resort & Casino. The shows are scheduled for May 28, July 16, September 3, October 22, November 12, and December 8, 2023. General ticket sales begin on March 4, 2023, with presales for fan club members starting on March 1 and for Caesars Rewards members on March 2. Dunham, notably a top-selling comedian, has earned significant acclaim and viewership through his specials and successful global tours.

Caesars Entertainment reported strong fourth quarter and full-year results for 2022. Fourth quarter GAAP net revenues hit $2.8 billion, up from $2.6 billion year-over-year, with a reduced net loss of $148 million compared to a loss of $434 million in the prior year. Same-store Adjusted EBITDA surged to $957 million, reflecting growth across Las Vegas and Regional segments. For the full year, revenues reached $10.8 billion, a significant increase from $9.6 billion, and net loss narrowed to $899 million from $1.0 billion. Caesars also highlighted reduced total debt by over $1.2 billion and a strong foundation for 2023, buoyed by enhanced consumer demand in all verticals.

On February 16, 2023, Caesars Entertainment and SL Green Realty Corp announced an expansion of their Caesars Rewards partnership to local merchants in New York City. This initiative is part of their bid for a gaming license in Times Square. The partnership will allow Caesars Rewards members to convert Reward Credits into gift cards for use at a network of participating businesses. The companies aim to boost local economies and will sign up merchants as they seek the necessary gaming license. Caesars plans to develop a 250,000 square foot gaming venue with a 950-room hotel, funded entirely through private investment.

Donny Osmond has extended his award-winning residency at Harrah's Las Vegas through 2023, presenting a dynamic musical journey showcasing his life and career. Recognized with multiple 'Best of Vegas' awards, the show features audience interactions and fan-favorite segments like 'Auto-rap-ography.' The new performance schedule includes dates from September to November 2023, with tickets available for public purchase starting February 17, 2023. Osmond's residency, directed by Raj Kapoor and featuring Emmy-winning choreography, is part of Caesars Entertainment's offerings, further enhancing the venue's entertainment portfolio.

Legendary GRAMMY Award-winner Van Morrison is set to perform a three-night concert series at Zappos Theater in Las Vegas on September 6, 8, and 9, 2023. Tickets for these shows will be available to the public starting on February 10, 2023, with presale opportunities for American Express members and Caesars Rewards customers beginning from February 7 and February 8 respectively.

Known for iconic hits like "Brown-Eyed Girl" and "Moondance," Morrison has had a significant impact on rock music, with over 150 of his songs featured in major films.

Caesars Entertainment has announced the pricing of its new senior secured term loan facility, increasing the total amount to $2.5 billion from $1.75 billion. The interest rate is based on the secured overnight financing rate (Term SOFR) plus 325 basis points, with a maturity date in February 2030. The funds will be used to repay outstanding lenders' loans totaling $4.4 billion. The closing of the new term loan is expected around February 6, 2023, subject to closing conditions. This development is part of Caesars' strategy to manage its debt and financial performance effectively.

Caesars Entertainment (NASDAQ: CZR) announced the pricing of its Senior Secured Notes due 2030 at a 7.00% interest rate, with an increased offering size of $2 billion from the initial $1.25 billion. The offering is expected to close on or around February 6, 2023, pending customary conditions. The Notes will be secured by the assets of the Company and its subsidiaries and will be used to repay existing term loans and cover associated expenses. Additionally, the Company plans to amend its CEI Credit Agreement to include a new $1.75 billion senior secured term loan facility.

Caesars Entertainment, Inc. (CZR) announced plans to offer $1,250 million in senior secured notes due 2030. The offering targets institutional buyers and international investors, with guarantees from existing and future subsidiaries. Concurrently, Caesars will amend its credit agreement to establish a new $1.75 billion senior secured term loan. Proceeds from the notes and loans will be utilized to repay existing loans of Caesars Resort Collection and cover related expenses. The notes won't be registered under the Securities Act and are subject to market conditions.

On January 9, 2023, The Chicks announced their first Las Vegas engagement at Zappos Theater, Planet Hollywood Resort & Casino, scheduled for May 3, 5, 6, 10, 12, and 13, 2023, with shows starting at 8 p.m. Tickets go on sale to the public on January 13, 2023, at 10 a.m. PT, with presales starting January 10 for Citi cardmembers. The Chicks expressed excitement for the upcoming performances, stating they are eager to continue their tour following their 2022 return to live music.