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 Palace in Las Vegas is set to welcome the renowned Peter Luger Steak House at the end of 2022, marking the steakhouse's first U.S. expansion outside New York in over sixty years. Established in 1887, Peter Luger is celebrated for its high-quality USDA-Prime beef and has earned Michelin-star recognition. The restaurant aims to replicate its iconic New York menu and ambiance, promising guests the same quality dining experience that has made it a staple in Brooklyn. This collaboration highlights both brands' commitment to upscale dining and rich histories.
Caesars Entertainment, Inc. (NASDAQ: CZR) has officially launched its mobile sports betting app, Caesars Sportsbook, in New York. This significant event allows New Yorkers to place wagers through the app, marking a historic milestone for both the company and the state. The mobile service promises rewards through its Caesars Rewards program, enabling bettors to earn credits for each wager. Users can enjoy bonuses, including $300 in bonus cash for registration and a deposit match of up to $3,000. Caesars Sportsbook is now operational in 21 states, maintaining a robust presence in the sports betting market.
Caesars Entertainment is set to debut The Bedford by Martha Stewart, the first restaurant by lifestyle icon Martha Stewart, at Paris Las Vegas in Spring 2022. This immersive dining experience will mirror her country farmhouse aesthetic, featuring a 194-seat space with seasonal menus made from locally sourced ingredients. Martha commended Caesars for their collaboration in bringing this vision to life, emphasizing the restaurant's unique approach to hospitality.
Caesars Entertainment (NASDAQ: CZR) will release its financial results for Q4 and the full year 2021 on February 22, 2022, post-market close. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time, where the company will discuss its performance and related matters. Participants can join by dialing (833) 665-0647 or (914) 987-7309 for international calls, using Conference ID 8086955. The call will be accessible via the Investor Relations section of their website, and a recording will be available for 90 days.
Shania Twain has revealed the final 16 dates for her residency, Shania Twain "Let's Go!", at Zappos Theater, Planet Hollywood Resort & Casino. The shows are scheduled for June 3-18 and August 26-September 10, 2022. Tickets go on sale December 17, with presales starting December 14 and December 15 for fan club members and Caesars Rewards members, respectively. A portion of ticket sales will benefit Shania Kids Can, a charity supporting children in need. Twain, a five-time GRAMMY winner, remains the best-selling female country artist, having sold over 90 million albums worldwide.
John Legend will headline a new residency, "Love In Las Vegas," at the Zappos Theater in Planet Hollywood Resort & Casino, starting on April 22, 2022. The residency, promoted by Live Nation, will feature Legend's greatest hits in a vibrant concert experience.
Tickets go on sale December 13, 2021, with presales available for fan club members and Citi cardmembers starting December 8. The initial performance dates include 24 shows across April, May, August, and October 2022.
Adele has announced an exclusive residency, WEEKENDS WITH ADELE, at Caesars Palace in Las Vegas starting January 21, 2022. The residency will feature two shows each weekend until April 16, 2022. This follows the release of her new album 30, which debuted at #1 in 30 countries and is one of 2021's biggest sellers. Presale tickets can be obtained through Ticketmaster's Verified Fan program, which ensures a fair ticket buying process. Registration for presale begins on November 30, 2021.
Madison Square Garden Sports Corp. (MSGS) and Madison Square Garden Entertainment Corp. (MSGE) have formed a multi-year marketing partnership with Caesars Sportsbook (CZR), making it the Official Sports Betting Partner of the New York Knicks and Rangers. This agreement allows Caesars to leverage MSG's branding, offering hospitality experiences and digital exposure across their platforms. A new content series featuring JB Smoove will launch on MSG Networks, integrating betting content. The partnership aims to enhance customer engagement and visibility for Caesars in New York's competitive sports market.
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