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 (CZR) operates a diversified portfolio of casino resorts and digital platforms across the United States. This news hub provides investors and industry observers with official press releases, financial updates, and strategic announcements from one of gaming's most established operators.
Access real-time updates on earnings reports, property expansions, and regulatory developments alongside analysis of Caesars' digital initiatives like sports betting integrations. Our curated feed includes announcements about flagship brands including Harrah's, Tropicana, and the Caesars Rewards loyalty program.
Key areas of coverage include casino operations, hospitality partnerships, technology implementations, and market expansion strategies. Bookmark this page for streamlined access to CZR's evolving position in the competitive entertainment landscape.
On November 19, 2020, Caesars Entertainment, Inc. (CZR) announced the successful approval of its recommended cash offer for William Hill PLC, with over 86% of shareholders voting in favor. The acquisition, valued at 272p per share, is anticipated to close by March 2021, pending regulatory approvals. Caesars aims to integrate William Hill into its sports betting and iGaming operations, enhancing its market position. CEO Tom Reeg expressed confidence in the transaction's strategic importance as both companies work toward completing the deal amidst existing regulatory conditions.
Caesars Entertainment announced the return of the 2020 World Series of Poker (WSOP) Main Event, featuring a hybrid online and live format due to COVID-19 precautions. The event begins for international players on Nov. 29 and for U.S. players on Dec. 13. Each segment includes independent prize funds, with a $1 million heads-up championship match between domestic and international winners on Dec. 30. Special safety measures will be in place, and the tournament aims to deliver a prestigious gaming experience amid health challenges.
Caesars Entertainment (NASDAQ: CZR) announced the reopening of the Rio All-Suite Hotel & Casino on December 22. This marks the final property reopening in the U.S. and Canada following the COVID-19 pandemic. The hotel will offer weekend accommodations and a gaming floor open daily. Amenities include various restaurants, bars, gaming options, and a new William Hill Sports Book. To celebrate, guests can save up to 20% on stays booked during the Fall Savings Sale.
Enhanced health protocols will be implemented to ensure safety for guests and staff.
Caesars Entertainment (NASDAQ: CZR) released its 2019-2020 PEOPLE PLANET PLAY Report on Corporate Social Responsibility, emphasizing its commitment to societal contributions post-merger with Eldorado Resorts. The report highlights growth in diversity, equity, and inclusion, with 45% women and 35% racial diversity in management roles. In 2019, Caesars contributed $67 million to community efforts and launched extensive renovations to enhance guest experiences. The creation of a new CSR Committee is set to drive future strategies, reinforcing its role as a responsible corporate citizen.
Caesars Entertainment, Inc. (CZR) reported a significant third-quarter net revenue of $1.4 billion, marking a 52% increase on a GAAP basis but a 34% decrease year-over-year on a same-store basis. The company faced a net loss of $926 million, down from a net income of $37 million last year. Following a merger with Eldorado Resorts, the firm raised $1.9 billion in equity, entered a multi-year sports betting partnership with ESPN, and announced plans to acquire William Hill plc. The sale of Tropicana Evansville for $480 million is set to close in mid-2021, pending regulatory approval.
On October 29, 2020, Caesars Entertainment announced the reopening of The Cromwell, the last property on the Las Vegas Strip to resume operations. This boutique hotel is the first adults-only casino in the area. The Cromwell features amenities including the award-winning restaurant GIADA, a variety of gaming options, and enhanced health protocols. The reopening follows the successful launch of other Caesars properties, with an emphasis on safety measures such as frequent sanitation and mask requirements. Special promotions are available for guests until November 2.
Caesars Entertainment, Inc. (NASDAQ: CZR) has announced a definitive agreement to sell Tropicana Evansville for $480 million in cash to Gaming and Leisure Properties and Twin River Worldwide Holdings, with the transaction expected to close by mid-2021, pending regulatory approvals. This sale also involves incorporating the real estate of Isle Casino Hotel Waterloo and Isle Casino Hotel Bettendorf into an existing lease with Gaming and Leisure Properties. CEO Tom Reeg expressed gratitude to the Evansville team for their dedication during the COVID-19 pandemic.
Caesars Entertainment (CZR) has partnered with the Indianapolis Colts as their first NFL team sponsor, in collaboration with William Hill US. This deal focuses on enhancing fan engagement throughout the 2020 football season in Indiana. Part of the initiative includes a free-to-play "Pick 6 Predictor" game on the Colts Mobile App, where fans can win prizes. Pending regulatory approval, Caesars' mobile sports betting app will also integrate with the Colts' marketing efforts, providing exclusive offers to fans.
Caesars Palace in Las Vegas announces the introduction of a new restaurant, Amalfi by Bobby Flay, set to open in late spring 2021. The restaurant will replace the long-standing Mesa Grill, which has operated for 16 years. Amalfi will feature an Italian menu inspired by Flay's travels to Italy, emphasizing seafood and fresh ingredients. Highlights include a seafood display, house-made pastas, and a variety of antipasti. Reservations are recommended as Mesa Grill concludes its final days of service on November 14, 2020.
Caesars Entertainment announced the reopening of The Cromwell, the first adults-only resort on the Las Vegas Strip, on October 29, 2020. This boutique hotel will operate seven days a week for guests aged 21 and over, although the award-winning restaurant GIADA will welcome all ages. The opening adds to Caesars' existing Las Vegas venues and emphasizes a focus on elevated hospitality and enhanced health protocols in light of COVID-19. Guests can enjoy various amenities, including gaming options and dining experiences, with special promotions running through November.
