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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, Inc. Announces Extension of Tender Offer for 6.250% Senior Secured Notes Due 2025

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Caesars Entertainment, Inc. has extended the expiration date of its cash tender offer for its outstanding 6.250% Senior Secured Notes due 2025. The company has also announced that Notes tendered through the notice of guaranteed delivery procedures shall be required to be provided by a later date. The 'Tender Offer Consideration' for each $1,000 principal amount of the Notes validly tendered was determined based on specific criteria. As of January 30, 2024, approximately $2,981,066,000 of the Notes have been validly tendered and not properly withdrawn, representing approximately 87.70% of the aggregate principal amount of the outstanding Notes. The company intends to either redeem any Notes that are not tendered and accepted for purchase or satisfy and discharge the indenture governing the Notes, in accordance with the provisions thereof, and to redeem at par on July 1, 2024 the Notes that remain outstanding following the consummation of the Tender Offer.
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Caesars Entertainment, Inc. Announces Pricing of Tender Offer for 5.750% Senior Secured Notes Due 2025

Rhea-AI Summary
Caesars Entertainment, Inc. (Nasdaq: CZR) announced the pricing terms of a cash tender offer for its outstanding 5.750% Senior Secured Notes due 2025. The Tender Offer is scheduled to expire on January 31, 2024, and is subject to certain market and other conditions. Holders of the Notes may also receive accrued and unpaid interest. The company may redeem any untendered Notes or satisfy and discharge the indenture governing the Notes. The complete terms and conditions of the Tender Offer are available from the tender and information agent, D.F. King & Co., Inc.
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Las Vegas Loves Disco – DISCOSHOW, Spiegelworld’s Non-Stop Party & Restaurant, Opens the Door on July 27 at 3535 Las Vegas Blvd

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Spiegelworld's much-anticipated DISCOSHOW is set to open on July 27, 2024, at 3535 Las Vegas Boulevard. The show promises to be unlike any other entertainment Spiegelworld has conceived, inspired by the spirit of David Mancuso's legendary New York City loft parties. The show will be accompanied by a new restaurant, Diner Ross, and numerous cocktail lounges. Tickets go on sale on February 3, 2024, and the show will feature a 70-minute live performance with a star-studded creative team.
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Caesars Entertainment and Eastern Band of Cherokee Indians Expand Relationship to Offer Mobile Sports Betting Throughout North Carolina

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Caesars Entertainment, Inc. (NASDAQ: CZR) expands its relationship with the Eastern Band of Cherokee Indians to bring its flagship sports wagering platform online in North Carolina for the launch of legalized mobile sports wagering. The agreement grants Caesars Sportsbook with mobile sports betting market access via a license held by the Eastern Band of Cherokee Indians Tribal Casino Gaming Enterprise, subject to regulatory approvals. The launch is set for March 11, 2024, with sign-ups and deposits starting on March 1. Caesars Sportsbook will have exclusive rights to mobile sports wagering at the two casinos and on Eastern Band of Cherokee tribal lands in western North Carolina.
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Caesars Entertainment, Inc. Announces Commencement of Tender Offer for 5.750% Senior Secured Notes Due 2025

Rhea-AI Summary
Caesars Entertainment, Inc. has announced a cash tender offer for its outstanding 5.750% Senior Secured Notes due 2025. The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on January 31, 2024 unless extended. The Tender Offer Consideration will be determined based on the U.S. Treasury Reference Security and the fixed spread. Completion of the Tender Offer is subject to certain market and other conditions, including the completion by the Issuers of new financing on satisfactory terms.
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Caesars Entertainment, Inc. Announces Pricing of Offering of Senior Secured Notes

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Caesars Entertainment, Inc. (CZR) announced the pricing of $1.5 billion aggregate principal amount of Senior Secured Notes due 2032 at an interest rate of 6.500% per annum. The offering is expected to close soon, and the issue price is equal to 100% of the principal amount of the Notes.
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Caesars Entertainment, Inc. Announces Proposed Offering of Senior Secured Notes

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Caesars Entertainment, Inc. (CZR) plans to offer $1,500.0 million in senior secured notes due 2032 to qualified institutional buyers. The proceeds will be used to repurchase existing notes, pay fees, and for general corporate purposes. The Notes and guarantees will be secured on a first-priority basis on the company's property and assets.
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The Killers Set To Perform Iconic Debut Album Hot Fuss In Full For The First Time Ever

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The Killers have announced a special residency in Las Vegas to celebrate the 20th anniversary of their iconic debut album, Hot Fuss. The residency will take place at The Colosseum at Caesars Palace from August 14 to 30, with tickets on sale starting January 27. The band will perform the album front to back for the first time ever, and special collectors programs will be available for purchase. Last month, the group released Rebel Diamonds, a curated dive into their impressive catalog of songwriting and musicianship, featuring 20 tracks including 'Mr. Brightside' and other modern-day classics. The residency promises to be a celebration of the band's two-decade-long influence in rock 'n' roll.
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Caesars Entertainment, Inc. Announces Commencement of Tender Offer for 6.250% Senior Secured Notes Due 2025

Rhea-AI Summary
Caesars Entertainment, Inc. has announced a cash tender offer for its outstanding 6.250% Senior Secured Notes due 2025. The Tender Offer is scheduled to expire on January 30, 2024, and is subject to certain market and other conditions. Holders of the Notes are urged to read the Tender Offer Documents carefully before making any decision. The Tender Offer Consideration will be determined based on the bid-side price of the U.S. Treasury Reference Security and the fixed spread for the Notes. The completion of the Tender Offer is subject to the completion of new debt financing on terms and conditions satisfactory to the company.
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Caesars Entertainment, Inc. to Report 2023 Fourth Quarter and Full Year Results on February 20, 2024

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Caesars Entertainment, Inc. (NASDAQ: CZR) will release its financial results for the fourth quarter and full year 2023 after the market closes on Tuesday, February 20, 2024. The company will also host a conference call on February 20, 2024, to discuss its results and other matters related to the company.
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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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