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.
Caesars Entertainment (NASDAQ: CZR) announced the launch of Caesars Sportsbook in Washington state after receiving a sports wagering license from the Washington State Gambling Commission. The expansion includes partnerships with Muckleshoot Casino, Spokane Tribe Casino, and Chewelah Casino, offering various sports betting options, including self-service kiosks and live betting. This initiative allows Washington sports bettors to engage with sports betting just in time for Super Bowl LVI, enhancing Caesars' market presence in the region.
The transformation of Lumière Place Casino & Hotel into Horseshoe Saint Louis is set for completion in spring 2022, enhancing the property's appeal. This shift brings a revitalized exterior, updated casino floor, new gaming options, and a Starbucks. The design emphasizes sophistication with luxurious materials while retaining Horseshoe's gaming heritage. The new WSOP® Poker Room will feature 10 tables and host tournaments soon. The move aims to attract more guests and enhance their gaming experience, staying true to Horseshoe's legacy of high-stakes gaming.
Caesars Sportsbook is set to debut its advertising during Super Bowl LVI with a 30-second spot featuring stars like Halle Berry and the Manning family. This ad is part of their 'Caesar and Cleo' campaign, focusing on family, fun, and football. The brand will also air two additional commercials during the Puppy Bowl on February 12-13, promoting responsible gaming and animal rescue. Currently operating in 22 states, Caesars offers a leading sports betting app with over 2,000 prop bets for the Super Bowl, complemented by its Caesars Rewards program.
Caesars Sportsbook has launched its most extensive prop betting menu for Super Bowl LVI, now available in 22 states and jurisdictions. This menu allows sports fans to bet on unique outcomes, including the opening coin toss and first player to score a touchdown. Additionally, the app features a new Super Bowl LVI Squares game. The betting landscape is boosted by the legalization of sports betting in various states, with expectations for record-breaking betting activity. Caesars Sportsbook continues to innovate in prop betting, enhancing the sports betting experience for fans nationwide.
Caesars Entertainment is hosting a National Day of Hiring on February 24, 2022, aiming to showcase various career opportunities across its more than 50 properties in the U.S. This event allows potential team members to explore roles in customer service, management, and design within the gaming-entertainment sector. Attendees can benefit from affordable healthcare, a 401k with employer match, paid time off, and professional development. Caesars emphasizes a diverse range of roles and aims to enhance awareness about its employee benefits.
Caesars Entertainment, Inc. (NASDAQ: CZR) has launched its mobile sports betting app in Louisiana, coinciding with the state's legalization of mobile wagering. This move follows the in-person betting launch at Harrah's New Orleans and Horseshoe Bossier City in October 2021. The Caesars Sportsbook app offers various promotions, including a $300 free bets offer for a $20 wager. Caesars is committed to enhancing the sports betting experience in Louisiana, backed by partnerships with local teams and a significant investment of $325 million in its New Orleans property renovation.
Caesars Entertainment is revitalizing the Horseshoe brand in Las Vegas, with a transformation of Bally's beginning in spring 2022. The renovation includes a redesigned exterior, enhanced entertainment and dining options, and a modernized casino floor. This multi-million dollar investment aligns with the brand's legacy of catering to gamblers, showcasing its commitment to quality service. Notably, the World Series of Poker will return to the Horseshoe from May 31 to July 19, 2022, celebrating its historic roots. The full transformation is expected to be completed by the end of 2022.
Global country music star Keith Urban has confirmed five new performances for his show Keith Urban Live – Las Vegas at The Colosseum at Caesars Palace. Scheduled for March 25, 26, and 30, alongside April 1 and 2, these dates precede the previously announced Memorial Day Weekend shows on May 27-29. Tickets go on sale to the public on January 31, with presale opportunities available for fan club members and select credit card holders.
On January 15, 2022, Caesars Entertainment (NASDAQ: CZR) announced a multi-year partnership with the Buffalo Bills, designating Caesars Sportsbook as their Official Mobile Sports Betting Partner. The agreement includes naming rights to a new sportsbook-style club at Highmark Stadium, official branding access, and unique fan activations. This partnership aims to enhance fan experiences and extend Caesars' reach across New York and into Southern Ontario. The Caesars Sportsbook app will offer exclusive loyalty rewards and opportunities for sports wagering.
Caesars Sportsbook has entered a multi-year partnership with Michigan State University (MSU) Athletics, becoming the Official and Exclusive Sports Betting and iGaming Partner. This collaboration includes creating a premium seating area at Spartan Stadium, extensive fan engagement, and a commitment to responsible gaming education.Caesars will also provide funding for student scholarships and professional development, enhancing gameday experiences for Spartan fans while promoting responsible betting practices.
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