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.
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.
LAS VEGAS, Nov. 18, 2021 -- Koray Aldemir from Germany triumphed at the 52nd WSOP World Championship held at the Rio All-Suite Hotel & Casino, defeating 6,650 entrants to win his first Main Event title. Aldemir secured $8,000,000 in prize money and received a prestigious Main Event bracelet. The tournament concluded after a six-and-a-half-hour final round against George Holmes, showcasing intense competition. The 53rd WSOP will take place at Bally's and Paris Las Vegas from May 31 to July 19, 2022.
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.
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