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 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.
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.
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