Caesars Entertainment Inc - CZR STOCK NEWS

Caesars Entertainment has announced a partnership with Lisa Vanderpump to transform The Cromwell into The Vanderpump Hotel by early 2026. The renovation of the 188-room boutique hotel, located at Las Vegas Boulevard and Flamingo Road, will begin in summer 2025.

Through her design company, Vanderpump Alain, Lisa will oversee the complete renovation including the hotel reception, front desk area, an all-new lounge, and guest rooms. The design will feature bespoke Vanderpump Alain furnishings and lighting fixtures, emphasizing sexy elegance and comfort.

This marks Vanderpump's first hotel venture, following her successful restaurants with Caesars including Vanderpump Cocktail Garden, Vanderpump à Paris, WOLF by Vanderpump, and Pinky's by Vanderpump. The property will continue operating during the transformation and will maintain existing venues including GIADA, Drai's venues, and Caesars Sportsbook.

Alanis Morissette has announced a new Las Vegas residency at The Colosseum at Caesars Palace, scheduled for late 2025. The seven-time GRAMMY® Award winner will perform eight shows between October 15 and November 2, 2025.

The residency, titled 'Alanis Morissette: Las Vegas 2025', will feature performances on October 15, 17, 18, 22, 24, 25, and November 1, 2, with all shows starting at 8 p.m.

Ticket sales will follow a tiered release: Fan club presales begin March 4, followed by presales for Caesars Rewards members, SiriusXM, Live Nation, and Ticketmaster customers on March 5. Public ticket sales will commence on March 7, 2024, at 10 a.m. PT.

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.