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Caesars Entertainment, Inc. - CZR STOCK NEWS

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.

News

Caesars Entertainment Partners with Sault Ste. Marie Tribe of Chippewa Indians; Acquires Michigan iGaming Operations from Wynn Resorts

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Caesars Entertainment, Inc. (CZR) acquires WynnBET's Michigan iGaming business and extends iGaming market access rights with the Sault Ste. Marie Tribe of Chippewa Indians. The deal allows Caesars to operate additional digital brands in Michigan and transition existing WynnBET customers to its platform.
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Caesars Entertainment, Inc. Reports Fourth Quarter and Full Year 2023 Results

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Caesars Entertainment, Inc. reports fourth quarter and full year 2023 results with positive revenue growth and improved net income. Caesars Digital segment sees significant revenue increase and improved Adjusted EBITDA. The company successfully refinances debt, reducing total net leverage.
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RoyalFlush.com, the Crown Jewel of Online Real Estate, Hits the Auction Block on Sedo.com

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Creative Comfort Corporation Announces Auction of RoyalFlush.com Domain Name
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Caesars Digital and AGS Interactive Celebrate Exclusive Omnichannel Launch of Rakin’ Bacon Odyssey in New Jersey

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Caesars Entertainment, Inc. (CZR) and PlayAGS, Inc. celebrate the exclusive launch of Rakin’ Bacon Odyssey in New Jersey, marking the first cross-platform debut of the popular slot game. The game is now live at Caesars Palace Online Casino and various Atlantic City locations, offering players a unique omnichannel experience. Lady Luck HQ, a prominent gaming influencer, joined the launch event, emphasizing the game's popularity and the strategic partnership between Caesars and AGS.
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World Series of Poker Reveals Full 2024 WSOP Daily Event Schedule

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The World Series of Poker (WSOP) announces its full daily event schedule for the 2024 tournament in Las Vegas, featuring the Main Event with a record-breaking $12.1 million first-prize payout. The 2024 series will run from May 28 to July 17, offering various new events and over 700 tables. International and domestic online satellites will be available on GGPoker and WSOP.COM, with exclusive qualifiers and partnerships. PokerGO returns as the official livestream and production partner of the WSOP, streaming events across various platforms.
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Donny Osmond Extends Las Vegas Residency at Harrah’s Las Vegas

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Music icon Donny Osmond extends his award-winning solo residency at Harrah’s Las Vegas through November 2024, featuring engaging performances and a dynamic musical journey. The show has received multiple awards and accolades, with tickets for all 2024 performances on sale now.
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Caesars Entertainment, Inc. Announces Satisfaction and Discharge and Related Redemption of 6.250% Senior Secured Notes Due 2025

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Caesars Entertainment, Inc. (CZR) announced the settlement of the cash tender offer for its outstanding 6.250% Senior Secured Notes due 2025, satisfying and discharging the Notes and the indenture governing them. The redemption of the Notes will occur on July 1, 2024, at a redemption price of 100.000% of the principal amount, plus accrued and unpaid interest. The company has deposited sufficient U.S. Government Obligations in trust to satisfy and discharge the Notes and the Indenture. The trustee will distribute a Notice of Redemption to all currently registered holders of the Notes on February 7, 2024. This press release does not constitute a notice of redemption under the optional redemption provisions of the Indenture, nor does it constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities.
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Caesars Entertainment, Inc. Announces Full Redemption of 5.750% Senior Secured Notes Due 2025

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Caesars Entertainment, Inc. (Nasdaq: CZR) has settled a cash tender offer for its outstanding $989,102,000 aggregate principal amount of the 5.750% Senior Secured Notes due 2025. The company also announced its intention to redeem all outstanding Notes on February 16, 2024, in accordance with the terms and conditions of the Notes and the indenture governing the Notes. The redemption price per Note will be 100.183% of the principal amount of the Notes, plus accrued and unpaid interest up to, but excluding, the Redemption Date.
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Caesars Sportsbook Unveils Super Bowl LVIII Prop Betting Menu

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Caesars Sportsbook, the flagship sports wagering platform of Caesars Entertainment, Inc. (NASDAQ: CZR), has released its proposition betting menu for Super Bowl LVIII, offering thousands of game markets, prop bets, same-game parlays, in-game and play-by-play betting, and the popular Caesars Squares. The FireBets experience brings added excitement for sports fans, allowing live bets on every red zone trip, momentum swing, and comeback push. Caesars Sportsbook also offers prop betting markets like the outcome of the coin toss, first touchdown scorer, Super Bowl MVP, and more, with special prop bets honoring the history of proposition betting. The app is available for sports fans 21 and older to download on iOS and Android, and users can also take advantage of Caesars Rewards, the industry-leading customer loyalty program. Caesars Entertainment is the Official Casino Partner of Super Bowl LVIII, and Caesars Sportsbook is an Official Sports Betting Partner of the NFL.
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Caesars Entertainment, Inc. Announces the Expiration and Results of Tender Offer for 5.750% Senior Secured Notes Due 2025

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Caesars Entertainment, Inc. (CZR) announced the results of its cash tender offer for its 5.750% Senior Secured Notes due 2025. The company received tenders for 95.81% of the outstanding principal amount of the Notes, with an additional 0.58% tendered through guaranteed delivery procedures. The Settlement Date for the tendered Notes is February 6, 2024, with the Tender Offer Consideration set at $1,001.83 for each $1,000 principal amount of the Notes. The company also provided details on the financing conditions and the possibility of redemption or satisfaction and discharge of the remaining Notes.
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FAQ

What is the current stock price of Caesars Entertainment (CZR)?

The current stock price of Caesars Entertainment (CZR) is $37.04 as of November 15, 2024.

What is the market cap of Caesars Entertainment (CZR)?

The market cap of Caesars Entertainment (CZR) is approximately 8.0B.

What does Caesars Entertainment, Inc. do?

Caesars Entertainment, Inc. is the world’s most diversified casino-entertainment provider, operating 50 casinos across 13 U.S. states and five countries.

What brands does Caesars Entertainment operate under?

Caesars Entertainment operates primarily under the Caesars, Harrah's, and Horseshoe brand names in the U.S. and Caesars Entertainment in the UK.

How did Caesars Entertainment expand its U.S. presence?

Caesars' U.S. presence roughly doubled with the 2020 acquisition by Eldorado Resorts.

What is the significance of Caesars' digital assets?

Caesars' digital assets, including the U.S. portion of William Hill, have shown promising EBITDA, reflecting the company's investment in the growing digital sports betting market.

What recent strategic moves has Caesars made?

In 2022, Caesars sold Casinos.com in a multi-million-dollar deal, highlighting its strategic focus on high-value digital assets.

What is the company's cultural approach?

Caesars promotes a collaborative culture focused on accountability, passion, and idea sharing, driving innovation and continuous improvement.

What are the key revenue sources for Caesars?

Caesars generates significant revenue from its Las Vegas properties (49% of 2023 EBITDAR before corporate expenses) and regional markets (48%).

Where did Caesars Entertainment originate?

Caesars Entertainment began in Reno, Nevada, 75 years ago.

What is Caesars Entertainment's commitment to its stakeholders?

Caesars is dedicated to exceptional guest experiences, team member engagement, community impact, and environmental stewardship.

How does Caesars view its future in the industry?

Caesars Entertainment continues to blend tradition with innovation to offer unparalleled experiences and maintain its position as a leader in the casino-entertainment industry.

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Caesars Entertainment, Inc.

Nasdaq:CZR

CZR Rankings

#977 Ranked by Market Cap
N/A Ranked by Dividends

CZR Stock Data

8.05B
212.48M
0.73%
106.77%
6.87%
Resorts & Casinos
Hotels & Motels
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United States of America
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