Welcome to our dedicated page for Caesars Entertainment news (Ticker: CZR), a resource for investors and traders seeking the latest updates and insights on Caesars Entertainment stock.
Caesars Entertainment, Inc. (symbol: CZR) stands as the world's most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. Originating in Reno, Nevada, 75 years ago, Caesars has flourished into a global powerhouse, operating 50 casinos across 13 U.S. states and five international countries. Its well-known brands, including Caesars, Harrah's, and Horseshoe, are synonymous with high-quality entertainment and luxury.
Caesars' expansion was significantly bolstered by the 2020 acquisition by Eldorado Resorts, which doubled its U.S. footprint. Today, the company’s portfolio includes notable properties such as Tropicana, Bally's, Isle, and Flamingo. Additionally, Caesars owns the U.S. segment of William Hill, a leading digital sports betting platform, which it divested from its international operations in 2022.
The company generates substantial revenue from both its Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional markets (48%). Beyond physical casinos, Caesars also manages properties and digital assets, which have shown promising, albeit marginal, EBITDA in recent years. Caesars Entertainment remains committed to innovation, driven by a collaborative culture that values accountability, passion, and idea sharing.
Recent achievements highlight Caesars' forward-thinking approach. For instance, the sale of Casinos.com in 2022 for a multi-million-dollar deal underscores its strategic investments in high-value digital assets. The company also continually seeks talented individuals who share its core values and dedication to exceptional guest experiences, team member engagement, community impact, and environmental stewardship.
As Caesars Entertainment looks to the future, it remains a beacon of excellence in the casino-entertainment industry, blending tradition with cutting-edge innovation to offer unparalleled experiences to its guests and stakeholders around the world.
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
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.
Caesars Entertainment, a leading casino-entertainment provider, will announce its Q4 and full year 2022 financial results on February 21, 2023, post-market. A conference call at 5:00 p.m. ET will follow to discuss these results. Interested participants can register here. The call will also be accessible via webcast on their website. A replay will be available for 90 days.
Caesars Entertainment has launched its Caesars Sportsbook app and retail locations for legal sports betting in Ohio, effective January 1, 2023. Fans can now bet on sports through the app or at new venues in Cleveland and Columbus, including Eldorado Gaming Scioto Downs and Rocket Mortgage FieldHouse. The launch enhances Caesars' customer experience, promoting responsible gaming practices. The Caesars Sportsbook app features extensive betting options and ties into the Caesars Rewards loyalty program, offering benefits for users.
Caesars Entertainment announced the launch of the extravagant "Emperor Package" for the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX, priced at $5 million. This luxurious package offers a five-night stay in the Nobu Sky Villa, featuring unparalleled racetrack views, 24-hour butler service, and exclusive access to various amenities. Key highlights include a private dining experience with Chef Nobu Matsuhisa, 12 tickets to the Paddock Club™, and various premium services and experiences during the race weekend, set for November 16-18, 2023.
Casino Metro in Puerto Rico has launched a retail sportsbook in partnership with Caesars Sportsbook. This initiative, branded as "MetroBets with Caesars Sportsbook," will create over 30 new jobs. The retail sportsbook features three betting windows and 12 self-service kiosks, with plans for mobile app launch in Puerto Rico in 2023, pending regulatory approvals. Casino Metro is also expanding its gaming space by 7,000 square feet, aiming to enhance the customer experience with more entertainment options.
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