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. reports developments across its casino-resort portfolio, digital wagering business and hospitality brands. The company operates and manages Caesars, Harrah’s, Tropicana, Flamingo and other gaming destinations in Las Vegas, Atlantic City and regional markets, and it connects guests through the Caesars Rewards loyalty program.
Recurring updates include quarterly operating results, Caesars Digital performance, hotel and dining offers, entertainment residencies at Caesars Palace venues, resort renovation and amenity projects, and managed-casino openings such as Harrah’s Oklahoma. News also covers capital resources and debt levels when the company releases financial results.
Bat Out of Hell – The Musical officially opened on October 7, 2022, at the Paris Las Vegas, featuring hits from Jim Steinman and Meat Loaf. The premiere attracted a sold-out crowd, showcasing an electrifying performance by a 26-member ensemble with live music, special effects, and engaging choreography. Directed by Jay Scheib, the 85-minute show immerses audiences in a post-apocalyptic romance. Tickets start at $49, with VIP options available. For more details, visit BatOutOfHellVegas.com.
Caesars Entertainment, Inc. (NASDAQ: CZR) has successfully closed new senior secured credit facilities amounting to $3 billion. This includes a $750 million term loan and a $2.25 billion revolving credit facility. The funds from the term loan are being used to prepay $750 million of existing term loans, due in December 2024. The interest rate on these facilities is based on the secured overnight financing rate plus 10 basis points and an applicable margin of 225 basis points. This refinancing aims to reduce interest expense and extend debt maturities.
Rod Stewart will return to Las Vegas for his residency, "Rod Stewart: The Hits." at The Colosseum at Caesars Palace, featuring 13 performances from May 3 - 15 and November 10 - 22, 2023. Tickets go on sale to the public on October 7 at 10 a.m. PT. Presales for fan club members and Citi cardholders are from October 4 - 6. The show offers an intimate concert experience, showcasing Stewart's greatest hits from over five decades, with no seat more than 145 feet from the stage.
Caesars Entertainment, Inc. (NASDAQ: CZR) is set to release its third quarter 2022 financial results on November 1, 2022, after market close. A conference call will follow at 5:00 p.m. Eastern Time to discuss results and corporate updates. Participants can register here. Caesars is recognized as a leading casino-entertainment company globally, operating under brands like Caesars, Harrah's, and Horseshoe, offering a wide range of gaming and hospitality services.
Dominique Ansel Las Vegas, the latest bakery by award-winning pastry chef Dominique Ansel, will open on October 21 at Caesars Palace. Known for his iconic Cronut®, Ansel will feature exclusive pastries like the Lucky 7 collection, which includes unique creations like Lucky Penny Pig and Evil Eye Éclair. The bakery will offer a café-style setting and operate from 7 a.m. to 9 p.m. on weekdays and 7 a.m. to 10 p.m. on weekends. Guests can also enjoy classic French viennoiserie made with high-quality ingredients.
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Paysafe has expanded its presence in the U.S. by entering the Kansas online sports-betting market, now supporting multiple sportsbooks with deposit options and affiliate marketing services. This marks the 23rd U.S. state where Paysafe operates, with forecasts predicting Kansas will generate $1.78 billion in sports-betting revenue in its first year. Earnings from this expansion are expected to contribute positively as Paysafe strengthens partnerships with major operators like Caesars, DraftKings, and PointsBet, enhancing player acquisition and retention capabilities.
Caesars Palace in Las Vegas has unveiled a multimillion-dollar renovation of its main entrance, enhancing the guest arrival experience. Key features include a coffered ceiling, an intricate marble mosaic floor, and a 15-foot-tall Carrara marble statue of Augustus Caesar. The lobby now features the new Galleria Bar, offering cocktails and slot machines. Additionally, two state-of-the-art gaming pits have been added, and the casino dome features a grand chandelier weighing approximately 3,200 pounds. This renovation reflects Caesars Entertainment's commitment to providing unparalleled luxury to its guests.
Caesars Entertainment has announced that Donny Osmond is extending his award-winning solo residency at Harrah's Las Vegas into 2023 due to popular demand. The show has received accolades including Best Show and Best Headliner in the 2021 Best of Vegas awards. Upcoming performances include select dates from January to May 2023. Tickets will be available for purchase starting September 23, 2022, with presale access on September 22 for members and customers. The show promises a dynamic experience featuring Osmond's hits and an interactive segment.
Caesars Entertainment (CZR) has launched the Caesars Sportsbook & Casino Truck Tour, a nationwide fan engagement initiative debuting on Sept. 19 in Orchard Park, NY. The 18-wheeler will visit major sporting events, offering unique experiences, including a premium sportsbook lounge and collaborations with Omaha Productions and ESPN. The tour emphasizes responsible gaming and aims to enhance customer loyalty through Caesars Rewards. The truck will stop at various locations, culminating at Super Bowl LVII. Caesars continues to prioritize customer engagement and responsible gaming practices.