Caesars Entertainment, Inc. - CZR STOCK NEWS

Gordon Ramsay HELL'S KITCHEN has officially opened at Harrah's Resort Southern California, marking its first location in California and the largest operational space to date at 11,360 square feet. The restaurant can accommodate 332 guests and features Chef Ramsay's signature dishes, including Beef Wellington and Sticky Toffee Pudding. Operating hours are 4:00 p.m. to 11:00 p.m. on Fridays and Saturdays, and 4:00 p.m. to 10:00 p.m. from Sunday to Thursday. This opening enhances Harrah's mission to provide unforgettable dining experiences.

Caesars Entertainment (NASDAQ: CZR) and the Eastern Band of Cherokee Indians have commenced construction on the $650 million Caesars Virginia project in Danville. Scheduled to open in late 2024, the resort will comprise a 500-room hotel, a casino with over 1,300 slots and 85 live table games, and a variety of dining and entertainment options. This development aims to drive tourism and create thousands of jobs in the region, enhancing the local economy through its extensive facilities and the Caesars Rewards loyalty program.

Caesars Entertainment reported Q2 2022 net revenues of $2.8 billion, up from $2.5 billion year-over-year. However, they faced a net loss of $123 million compared to a net income of $71 million in the same period last year. Same-store Adjusted EBITDA declined to $978 million from $1.0 billion. The Las Vegas segment saw a revenue increase of 33.6%, while the Caesars Digital segment reported a substantial loss of $69 million. The company repaid approximately $770 million in debt in 2022, reflecting ongoing efforts to improve financial stability.

Caesars Entertainment (NASDAQ: CZR) launched its mobile app, Caesars Sportsbook, in Wyoming, enhancing the state's sports betting capabilities. The new native iOS app focuses on speed and usability, integrating with the Caesars Rewards program for exclusive benefits. Users can earn rewards on every bet, and first-time players can receive a free bet up to $1,500 if their initial wager doesn't win. The app aims to provide a responsible gaming environment with built-in support tools. Currently, Caesars Sportsbook is operational in 24 locations across the U.S.

Jeff Dunham announces three new performance dates for his show "JEFF DUNHAM: SERIOUSLY!?" at Zappos Theater in Planet Hollywood Resort & Casino. The shows are scheduled for November 5, November 12, and December 2, 2022. Tickets go on sale to the public on July 23, 2022, at 10 a.m. PT. Presale access for Jeff Dunham's fan club starts on July 20. Citibank cardholders and Caesars Rewards members can also purchase presale tickets on July 20 and July 21 respectively. Dunham is recognized for breaking records in the comedy industry.

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.