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.
Gordon Ramsay is set to open his first Virginia restaurant, Ramsay's Kitchen, at Caesars Virginia in Danville later this year. The restaurant will offer an elegant yet approachable menu inspired by Ramsay's global travels, featuring signature dishes like Beef Wellington and Crispy Skin Salmon.
Located adjacent to Hotel Registration, Ramsay's Kitchen will have over 250 seating options, including a private dining room and outdoor patio. The restaurant will serve breakfast, lunch, and dinner in a modern ambiance with rich furnishings.
This opening is part of Gordon Ramsay North America's expansion across the U.S. and Canada, in partnership with Caesars Entertainment. Caesars Virginia, set to open in late 2024, will feature a 320-room hotel, 90,000 square feet of gaming space, and 50,000 square feet of meeting space.
Caesars Entertainment, Inc. (NASDAQ: CZR) has announced the pricing of its Senior Notes due 2032 offering. The notes will have an interest rate of 6.000% per annum and an issue price equal to 100% of the principal amount. The aggregate principal amount has been increased to $1,100.0 million from the previously announced $1,000.0 million.
The offering is expected to close on or about October 17, 2024, subject to customary conditions. The notes are being offered in a private placement to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act.
Caesars intends to use the proceeds to tender, redeem, or repurchase a portion of its existing 8.125% Senior Notes due 2027, and to pay related fees and expenses.
Caesars Entertainment, Inc. (NASDAQ: CZR) has announced its intention to offer $1,000.0 million aggregate principal amount of senior notes due 2032 in a private placement. The offering is subject to market and other conditions and will be made to qualified institutional buyers under Rule 144A and to non-U.S. persons under Regulation S of the Securities Act.
The company plans to use the proceeds to tender, redeem or repurchase a portion of its existing 8.125% Senior Notes due 2027 and to pay associated fees and expenses. The new notes will not be registered under the Securities Act and may only be offered or sold in the U.S. under exemption from registration requirements.
Caesars Entertainment, Inc. (NASDAQ: CZR) has announced that it will release its financial results for the third quarter of 2024 after the market closes on Tuesday, October 29, 2024. The company will also host a conference call on the same day at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the results and other company-related matters.
Interested participants can register for the call through a provided link, after which they will receive an email with the dial-in number and a unique PIN for access. The call will also be available via webcast on the Investor Relations section of Caesars Entertainment's website. A replay of the call will be accessible for 90 days following the event.
Caesars Entertainment (NASDAQ: CZR) has launched the Caesars Sportsbook Muckleshoot app at Muckleshoot Casino Resort in Auburn, Washington. The app allows guests 21 and older to place mobile sports bets while on the property, expanding the sports wagering experience beyond the on-premise sportsbook opened in 2022. The app offers live scoreboards, game streaming, secure payouts, and daily promotions.
The physical sportsbook features over 20 TVs, a video wall, and a live sports ticker. Caesars emphasizes responsible gaming, implementing a 21+ policy for all gaming options. This launch underscores Caesars' commitment to providing innovative gaming experiences in the Pacific Northwest.
Caesars Entertainment (NASDAQ: CZR) has launched Maine's first in-person sports wagering location at Oddfellahs, a new sports bar in downtown Portland. This milestone is achieved through a partnership with First Tracks Investments The venue offers a Vegas-style sportsbook experience with 36 screens, self-service betting kiosks, and a ticket window. Caesars Sportsbook has been offering mobile sports wagering in Maine since November 2023, in partnership with three Wabanaki Nations.
The company emphasizes its commitment to responsible gaming, having received RG Check accreditation in Ontario. Oddfellahs enforces a strict 21+ policy for entry and wagering. This expansion marks a significant step in Caesars' growth strategy and Maine's sports betting landscape.
Garth Brooks has announced the final three weekends of his Las Vegas residency, Garth Brooks/Plus ONE, at The Colosseum at Caesars Palace. The last shows will take place from February 21 through March 9, 2025. Tickets go on sale to the general public on September 19, 2024, with various presales starting from September 16. The residency, which began in May 2023, has been selling out all performances.
Brooks expressed his emotions about the residency ending, calling it his favorite gig so far. The show format allows for varying instrumentation and occasional special guests, providing a unique experience each night. Additionally, Brooks has released a boxed set, Garth Brooks LIVE LIVE, commemorating his Las Vegas Residency, featuring live recordings and a custom book.
The Black Eyed Peas have announced their first Las Vegas residency, titled 'Black Eyed Peas: 3008 The Las Vegas Experience', set to debut on February 15, 2025 at PH Live at Planet Hollywood Resort & Casino. This innovative show promises to blend elements of concerts, Disney rides, AI, and technology, creating an interactive experience that pushes the boundaries of live performances.
Tickets will go on sale to the general public on September 14, 2024, at 10 a.m. PT. Various presales are available, including Citi cardmember access starting September 11. The initial 15-date schedule spans February, March, and May 2025, with all shows starting at 8 p.m.
Donny Osmond celebrates the third anniversary of his award-winning solo show DONNY at Harrah's Las Vegas and extends his residency through June 2025. The show, which recently won Best Headliner in the 2024 Las Vegas Weekly Best of Vegas Awards, features Osmond's hit songs, an interactive segment, and a Broadway production of 'I'll Make A Man Out Of You' from Mulan.
New performance dates for February to June 2025 will go on sale on Thursday, Sept. 12 at 10 a.m. PT. The show runs nightly from Tuesday to Saturday at 7:30 p.m. A number of Pre-Show VIP Experience tickets, including a meet-and-greet, will also be available. Exclusive Harrah's Las Vegas Hotel & Show packages will be offered for the new 2025 shows.
Jerry Seinfeld is set to return to The Colosseum at Caesars Palace for six performances in 2025, continuing his long-standing relationship with the iconic Las Vegas venue. Seinfeld, who will celebrate his 100th show at The Colosseum on Friday, has been performing to sold-out crowds since 2003, making him the longest-running superstar headliner in the resort's history.
The 2025 performances are scheduled for May 2-3, September 5-6, and October 10-11. Tickets will go on sale to the public on September 6, 2024, at 10 a.m. PT, with prices starting at $84 plus taxes and fees. Caesars Rewards members and Live Nation/Ticketmaster customers will have access to a presale on September 5, 2024.
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