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.
Caesars Entertainment (NASDAQ: CZR) reported its Q4 and full-year 2024 results, showing mixed performance across segments. Q4 saw GAAP net revenues of $2.80 billion, slightly down from $2.83 billion year-over-year, while achieving net income of $11 million compared to a prior-year loss of $72 million.
For the full year 2024, the company posted net revenues of $11.2 billion, down from $11.5 billion in 2023, with a net loss of $278 million versus net income of $786 million in the previous year. Same-store Adjusted EBITDA decreased to $3.7 billion from $3.9 billion.
The Digital segment showed strong iGaming growth of over 60%, though sports betting faced challenges. The company reduced debt by $500 million using WSOP and Promenade sale proceeds and repurchased $50 million in common stock. Management projects stable brick-and-mortar operations and strong Digital segment growth for 2025, with reduced capex forecast at $600 million.
Flamingo Las Vegas announces a $20 million transformation of its GO Pool complex, set to open in spring 2025. The new adults-only facility will feature five distinct pools spanning 1.5 acres, including a main pool with a 30-seat swim-up bar covered by a large canopy. The complex will include 33 VIP cabanas, temperature-controlled pools, and a 50-foot-wide waterfall with an adjoining grotto pool.
The redesigned space combines the Flamingo's mid-century modern and retro-deco architecture with contemporary beach resort elements. Notable features include high-energy DJ performances, a robust sound system, and night lighting. The complex is surrounded by 55 palm trees and 35 additional tree varieties transplanted from the original pool. The venue will offer a new menu featuring sharable cocktails, frozen drinks, and poolside dining options.
Kelly Clarkson has announced a new Las Vegas residency at The Colosseum at Caesars Palace, titled 'Kelly Clarkson: Studio Sessions - The Las Vegas Residency.' The show will feature 18 performances from July 4, 2025, through November 15, 2025. This announcement follows her successful sold-out engagement at PH Live at Planet Hollywood Resort & Casino in 2023 and 2024.
Tickets will be available through various presale events starting February 7, 2024, with Citi cardmembers getting first access. Fan club members can access presales from February 8, while Caesars Rewards members and Live Nation customers can purchase from February 10. General public ticket sales begin February 14, 2024. All shows are scheduled for 8 p.m.
Gordon Ramsay has opened his seventh restaurant with Caesars Entertainment in Las Vegas - a new Gordon Ramsay Burger location at Flamingo Las Vegas. The 12,000-square-foot restaurant features exclusive menu items including the Cluck Yeah G.F.C. Sandwich, Full English Breakfast Burger, and Steak Dinner Burger.
The new location includes a 300-seat capacity, operating from 10 a.m. to midnight daily. The space, designed by DEZMOTIF Studios, features an exhibition kitchen, island-style bar, and a 50-seat open-air patio overlooking the Las Vegas Strip. The design incorporates Union Jack accents and dynamic flame displays, with a 25-foot-tall LED column showcasing Gordon Ramsay Burger imagery.
Unique offerings include the signature Pink Drink cocktail and desserts like the Sticky Toffee Waffle and 99 Flake Shake. This opening marks another significant enhancement to the Flamingo's recent revitalization efforts.
Caesars Entertainment (NASDAQ: CZR) has launched its first branded online casino live dealer studio in Pennsylvania through a partnership with Evolution Gaming. The Philadelphia-based studio features five blackjack tables (including a VIP-exclusive table), one roulette table, and one baccarat table.
The studio is designed to replicate the Caesars Palace Las Vegas gaming experience, incorporating iconic branding elements and custom felts for Caesars Palace Online Casino, Horseshoe Online Casino, and Caesars Sportsbook & Casino platforms. The facility serves players in New Jersey, Pennsylvania, Michigan, Ontario, and West Virginia, offering high-limit slots, private live dealer tables, and progressive jackpots.
Players in the United States can earn Caesars Rewards Credits through both online and in-person casino play, redeemable at over 50 Caesars destinations across North America.
Caesars Entertainment (NASDAQ: CZR) has announced its schedule for releasing Q4 and full-year 2024 financial results. The company will disclose these results after market close on Tuesday, February 25, 2025.
A conference call is scheduled for the same day at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the results and other company-related matters. Interested participants can register for the call through an online link, after which they'll receive dial-in details and a unique PIN via email.
The call will also be available via webcast through the Investor Relations section of Caesars' website at investor.caesars.com. A replay of the conference call will remain accessible for 90 days following the event.
Gordon Ramsay expands his restaurant empire with the opening of Gordon Ramsay Burger at Flamingo Las Vegas, his seventh restaurant with Caesars Entertainment in Las Vegas. The 12,000-square-foot venue, designed by DEZMOTIF Studios, features exclusive menu items including the Cluck Yeah GFC Sandwich, Full English Breakfast Burger, and Benedict Burger. The 300-seat restaurant includes a 56-seat open-air patio overlooking the Strip, an exhibition kitchen, and an island-style bar. Location-exclusive offerings include signature cocktails like the Pink Drink and The Bloody Blonde. The restaurant will operate daily from 10 a.m. to 1 a.m., accepting reservations through OpenTable.
Caesars Entertainment has officially opened Caesars Virginia, a new luxury resort in Danville. The grand opening ceremony featured CEO Tom Reeg, COO Anthony Carano, and NBA legend Dennis Rodman, among other dignitaries. The 587,000-square-foot resort includes:
- 90,000 square feet of gaming space with 1,500 slots, 79 live-action table games, and 48 electronic table games
- A WSOP poker room and Caesars Sportsbook
- A 320-room hotel tower
- 50,000 square feet of meeting space and a 2,500-seat entertainment venue
- Multiple dining options including Ramsay's Kitchen by Gordon Ramsay
The celebration included a car parade through Danville, featuring race cars and supercars, followed by Rodman placing the first ceremonial bet at the Caesars Sportsbook. The project represents a significant investment in the Danville community, developed in partnership with the Eastern Band of Cherokee Indians.
Caesars Entertainment (NASDAQ: CZR) has completed the previously announced sale of the LINQ Promenade for $275 million to a joint venture between TPG Real Estate and Acadia Realty Trust's Investment Management Platform. The company immediately utilized the proceeds to make a $275 million voluntary prepayment of their Term Loan B due 2030.
Caesars Entertainment and Tao Group Hospitality are launching Caramella, a new Italian restaurant and lounge at Planet Hollywood Resort & Casino in Las Vegas. The venue, now accepting reservations via OpenTable, features a 1970s Italian-inspired design with an expansive terrace overlooking The Strip.
The restaurant, designed by Fettle, includes a candy shop with Italian treats and a secret lounge behind it. Chief Culinary Officer Ralph Scamardella's menu offers regional Italian favorites, including specialties like Blue Crab Malfadine and Wagyu Beef Tartare.
Located on the Mezzanine level next to the Criss Angel Theater, Caramella operates from 4 to 10 p.m. daily, with the lounge open Thursday through Sunday from 6 p.m. to 2 a.m.
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