Caesars Entertainment, Inc. - CZR STOCK NEWS

Caesars Entertainment and Tao Group Hospitality are set to launch a new dining concept, Stanton Social Prime, at Caesars Palace Las Vegas, spearheaded by Chef Chris Santos. Positioned next to OMNIA Nightclub, the restaurant is slated to open this winter, featuring popular dishes from the original Stanton Social in New York. This partnership aims to enhance the culinary offerings at Caesars Palace, known for its renowned restaurants. The venue will contribute to a diverse dining experience within the resort.

Caesars Entertainment has awarded the inaugural Don Carano Legacy Scholarship to 22 U.S. students, providing up to $20,000 for their college education. Each recipient will receive $5,000 annually, renewable for four years. This scholarship honors Don Carano's dedication to family and education. It is part of the company's 'All-in On Education' program, which includes various educational benefits for team members. The recipients come from diverse backgrounds across multiple states, reflecting Caesars' commitment to supporting its employees' families.

Workforce Edge has partnered with Caesars Entertainment to offer nearly 50,000 U.S.-based Team Members access to low to no-cost degrees through Strayer University and Capella University. This initiative supports Caesars’ tuition benefit campaign, “All-In On Education,” providing eligible employees with no out-of-pocket costs for Sophia Learning courses. The partnership aims to enhance workforce education and economic mobility. Effective July 6, 2022, Workforce Edge will manage tuition assistance benefits, aiding employees in their educational journey.

Caesars Entertainment announced the upcoming opening of a state-of-the-art sportsbook and World Series of Poker Room at Harrah's New Orleans, scheduled for Fall 2022. The facilities will encompass over 10,000 square feet, featuring a 5,700-square-foot sportsbook with 12 self-service kiosks and a 147-foot video screen. The poker room will host various live games and weekly tournaments. This $325 million investment is part of the broader transformation of Harrah's into Caesars New Orleans, reinforcing the company’s commitment to enhancing entertainment in Louisiana.

Emmanuel will perform at The Colosseum at Caesars Palace in Las Vegas on September 17, 2022, as part of his Toda La Vida tour. This marks his debut at the venue and coincides with Mexican Independence Day celebrations. Tickets go on sale to the public on July 15 at 10 a.m. PT, with presales starting on July 14 for loyalty program members. The production, by Live Nation, promises an extravagant show featuring lights, costumes, and special guest Alexander Acha.

On July 1, 2022, Caesars Entertainment, Inc. (NASDAQ: CZR) announced the successful closing of the sale of William Hill's non-US assets to 888 Holdings Plc. The company received net proceeds of $730 million after settling debts and making necessary adjustments. Caesars plans to utilize these funds to decrease its outstanding debt, enhancing its financial position. Deutsche Bank and Linklaters LLP facilitated the transaction for Caesars. This strategic move reflects Caesars’ ongoing efforts to optimize its portfolio and strengthen its balance sheet.

Caesars Entertainment, Inc. (NASDAQ: CZR) will announce its financial results for Q2 2022 on August 2, 2022, after market close. A conference call is scheduled for the same day at 5:00 p.m. EST to discuss results and company updates. Caesars Entertainment is a leading casino-entertainment provider, operating resorts under brands like Caesars, Harrah's, and Horseshoe. The company focuses on enhancing guest experience through superior service and technology within its gaming, entertainment, and hospitality offerings.

The UNITE HERE Local 54 union in Atlantic City has projected significant financial losses for Caesars Entertainment (CZR) and MGM Resorts (MGM) due to potential strikes. Caesars could face losses of $1 million daily across its three casinos, while MGM's Borgata may see losses of $1.6 million per day. This is based on a projected 25% revenue drop in Q3 2022 compared to Q3 2021. A 96% majority of union members authorized a strike, with deadlines set for July 1 and July 3, 2022. The union demands substantial wage increases amid rising industry profits and labor shortages.

Caesars Entertainment has opened the largest freestanding sportsbook in Arizona, located adjacent to Chase Field, in partnership with the Arizona Diamondbacks. The 22,300-square-foot venue features over 20 betting stations, nine betting windows, and 13 self-service kiosks. It also includes Guy Fieri's first full-service restaurant in Arizona, offering a diverse menu. The venue can accommodate more than 425 guests and is open daily, with special promotions for new users of the Caesars Sportsbook app. The opening event included a $20,000 donation to the Arizona Diamondbacks Foundation.