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.
Paris Las Vegas is set to open Dominique Ansel Marché in fall 2024, expanding its partnership with James Beard Award-winning pastry chef Dominique Ansel. Following the success of Dominique Ansel Las Vegas at Caesars Palace, the new venue will feature fresh croissants, made-to-order crêpes, seasonal tarts, cakes, ice cream, and savory items like rotisserie chicken. The 5,000 sq ft space will offer café and park bench seating for 50 guests, enhancing the Parisian market ambiance with greenery, trees, and flower stands. This opening coincides with Paris Las Vegas' 25th anniversary and its ongoing culinary evolution.
On September 7, 2023, Caesars Entertainment's loyalty program, Caesars Rewards, experienced a significant data breach.
Over 65 million members had their personal information, including names, birth dates, Social Security Numbers, and driver’s license details, compromised.
Levi & Korsinsky LLP is investigating potential compensation for affected customers.
Individuals who received a notification about the breach may be eligible for compensation.
The law firm is offering its services on a contingency basis, meaning they only get paid if the affected members are compensated.
For more information, affected members can visit the firm's website.
Caesars Entertainment has opened its first property in Nebraska, Harrah's Columbus, NE Racing & Casino. The grand opening featured a ribbon-cutting ceremony, giveaways, and the first bets at the casino. The new facility includes a 17,000-square-foot casino floor with 400 slot machines, 11 table games, and a Caesars Race & Sportsbook, which marked its debut in Nebraska. The property also houses the Brew Brothers restaurant and the Wishbones bar. A Marriott hotel is under construction nearby, scheduled to connect to the casino later this year. Additionally, the venue will feature a one-mile racetrack hosting live races from August 16 to September 15. Harrah's Columbus is part of the Caesars Rewards network, allowing guests to earn and redeem credits at over 50 properties across North America.
On September 7, 2023, Caesars Rewards, a loyalty program under Caesars Entertainment (NASDAQ: CZR), experienced a major data breach, exposing the personal information of over 65 million members. The compromised data includes names, birth dates, Social Security Numbers, and driver's license information. Levi Korsinsky, LLP is investigating potential compensation for affected customers. Members who received a breach notification may qualify for compensation. Levi & Korsinsky is a renowned consumer advocacy law firm with a successful track record in recovering funds for clients.
Four Seasons Hotel St. Louis, in partnership with Horseshoe St. Louis, has launched Ramsay's Kitchen By Gordon Ramsay, marking the renowned chef's first restaurant in St. Louis. Located on the hotel's eighth floor, the restaurant offers stunning views of the Gateway Arch and Mississippi River, seating over 250 guests. The menu features signature dishes like Beef Wellington, Crispy Skin Salmon, and STL Style Ribs, along with a variety of handcrafted cocktails.
Designed by AO, the restaurant boasts a warm and sophisticated ambiance, celebrating both Ramsay's culinary style and local culture. The seasonal outdoor RK Bar offers a cozy setting centered by a fire pit and water feature. Ramsay's Kitchen is now open for breakfast, lunch, and dinner, with reservations available on OpenTable.
Shania Twain has debuted her new Las Vegas residency show, COME ON OVER – The Las Vegas Residency – All The Hits! at Bakkt Theater, Planet Hollywood Resort & Casino. This marks her third residency on the Las Vegas Strip and celebrates the 25th anniversary of her iconic album, Come On Over. The show includes hits like “Man! I Feel Like A Woman!” and “You’re Still The One”. Tickets are on sale through December 2024, with $1 from each ticket benefiting Shania Kids Can, a charity supporting at-risk children.
Legendary comedian and actor Martin Short has been appointed as the new mayor of Funner, California, succeeding former mayors Jane Lynch, Rob Riggle, and David Hasselhoff. The official oath ceremony was held at Harrah's Resort Southern California, with Mayor Marty pledging to enhance the city's fun-filled experiences. His plans include innovative projects like 'Short On Time' spa offerings and 'Buckets of Fun' hotel package. Mayor Marty aims to make Funner a top destination known for unique and entertaining experiences.
Caesars Rewards, a loyalty program by Caesars Entertainment, Inc. (NASDAQ:CZR), experienced a significant data breach compromising personal information of over 65 million members. Levi Korsinsky, LLP is investigating potential compensation for affected customers. Data breaches can lead to identity theft, financial fraud, and other serious consequences.
Caesars Rewards, a loyalty program by Caesars Entertainment, Inc. (NASDAQ:CZR), experienced a significant data breach affecting over 65 million members. Levi Korsinsky, LLP is investigating potential compensation for affected individuals. Data compromised includes personal details like names, birth dates, Social Security Numbers, and driver's license information.
Caesars Entertainment, Inc. reported first-quarter 2024 results with GAAP net revenues of $2.7 billion, a net loss of $158 million, and Same-store Adjusted EBITDA of $853 million. Despite challenges in Las Vegas and Regional segments, the company remains optimistic for improved results throughout the year.
FAQ
What is the current stock price of Caesars Entertainment (CZR)?
What is the market cap of Caesars Entertainment (CZR)?
What does Caesars Entertainment, Inc. do?
What brands does Caesars Entertainment operate under?
How did Caesars Entertainment expand its U.S. presence?
What is the significance of Caesars' digital assets?
What recent strategic moves has Caesars made?
What is the company's cultural approach?
What are the key revenue sources for Caesars?
Where did Caesars Entertainment originate?
What is Caesars Entertainment's commitment to its stakeholders?
How does Caesars view its future in the industry?
