Caesars Entertainment, Inc. - CZR STOCK NEWS

Caesars Entertainment has announced that the 53rd World Series of Poker (WSOP) will take place at Bally's and Paris Las Vegas Hotel & Casino from May 31 to July 19, 2022. This marks a significant move from its previous 17-year location at the Rio, enhancing its visibility on the Las Vegas Strip. Vince Vaughn will serve as the event's Master of Ceremonies, adding celebrity appeal. The WSOP is recognized as the largest and most prestigious gaming tournament globally, having awarded over $3.29 billion in prize money since its inception in 1970.

Caesars Entertainment is set to open Dominique Ansel Las Vegas at Caesars Palace in summer 2022, led by renowned pastry chef Dominique Ansel. Known for his viral pastry, Cronut®, Ansel aims to create exclusive items inspired by Las Vegas. The shop will feature signature offerings like DKA, Cookie Shot, and Frozen S'mores, all baked in a state-of-the-art kitchen. This partnership emphasizes quality and creativity, aligning with Caesars' legacy of extraordinary experiences.

AN EVENING WITH WHITNEY: THE WHITNEY HOUSTON HOLOGRAM CONCERT has debuted at Harrah's Las Vegas on Nov. 14, 2021, attracting a sold-out crowd. The show features Whitney Houston's live vocal tracks and a live band, celebrating her legacy with iconic songs. Acclaimed as a 'breathtakingly convincing hologram,' it showcases Houston's chart-topping hits. Tickets are available starting at $49. The show runs Tuesday to Sunday. BASE Hologram and BASE Entertainment produced this innovative residency to honor the late superstar.

Caesars Entertainment, the largest casino-entertainment company in the U.S., has launched a new wellness center at The LINQ Hotel + Experience on the Las Vegas Strip, in partnership with Premise Health. The center is designed for eligible Caesars Team Members and offers in-person and digital health services, including primary care and physical therapy. It replaces an older facility and features expanded hours, a 24-hour fitness center, and access to fitness specialists. The wellness center aims to enhance health care experiences for team members and their families.

Caesars Sportsbook has entered a groundbreaking partnership with the Manning family, including Archie, Peyton, Eli, and Cooper Manning, to enhance its brand presence across the U.S. This unique collaboration marks the first of its kind between a sports betting company and a prominent sports family. The Mannings will serve as ambassadors, promoting responsible gaming and engaging with bettors through various initiatives. Caesars Sportsbook is operational in 20 states and offers extensive mobile betting options. This partnership also supports the Mannings' charitable efforts, highlighting their community involvement.

Caesars Entertainment (NASDAQ: CZR) has been recommended by the New York State Gaming Commission for a Mobile Sports Wagering License, paving the way for Caesars Sportsbook to launch in New York. CEO Tom Reeg highlighted the state's potential as the largest mobile sports betting market in the U.S. With over 19 million residents, Caesars plans to leverage its existing presence and established partnerships with various sports leagues to enhance customer experience. Currently operational in 20 states, Caesars Sportsbook aims to offer a comprehensive mobile betting experience and integrate its loyalty program for users.

Caesars Entertainment (CZR) reported strong Q3 2021 results, with net revenues reaching $2.7 billion, up from $1.4 billion year-over-year. The net loss narrowed to $233 million from $926 million in Q3 2020. Adjusted EBITDA increased to $882 million compared to $433 million last year. The Las Vegas segment achieved an all-time EBITDA quarterly record, while regional operations also showed significant growth. The company announced Sandra Douglass Morgan's appointment to the Board, effective November 7, 2021.

Caesars Entertainment and VICI Properties announced the completion of the sale of Harrah's Louisiana Downs Casino for $22 million. The proceeds were allocated with $5.5 million going to VICI and $16.5 million to Caesars, subject to standard cash adjustments. Despite the transaction, the annual base rent payments under the Regional Master Lease remain unchanged, indicating stability in their financial relationship going forward.

Caesars Entertainment (CZR) and VICI Properties (VICI) have finalized the sale of Harrah's Louisiana Downs to Rubico Acquisition Corp. for $22 million. The split of proceeds allocated $5.5 million to VICI and $16.5 million to Caesars, subject to customary adjustments. Importantly, the annual base rent payments under the Regional Master Lease between the two companies will remain unchanged. This transaction reflects Caesars’ ongoing strategy to optimize its asset portfolio while maintaining stable earnings from its lease agreements.