Caesars Entertainment Inc Stock Price, News & Analysis

Caesars Entertainment has launched its Caesars Sportsbook app and retail locations for legal sports betting in Ohio, effective January 1, 2023. Fans can now bet on sports through the app or at new venues in Cleveland and Columbus, including Eldorado Gaming Scioto Downs and Rocket Mortgage FieldHouse. The launch enhances Caesars' customer experience, promoting responsible gaming practices. The Caesars Sportsbook app features extensive betting options and ties into the Caesars Rewards loyalty program, offering benefits for users.

Caesars Entertainment announced the launch of the extravagant "Emperor Package" for the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX, priced at $5 million. This luxurious package offers a five-night stay in the Nobu Sky Villa, featuring unparalleled racetrack views, 24-hour butler service, and exclusive access to various amenities. Key highlights include a private dining experience with Chef Nobu Matsuhisa, 12 tickets to the Paddock Club™, and various premium services and experiences during the race weekend, set for November 16-18, 2023.

Casino Metro in Puerto Rico has launched a retail sportsbook in partnership with Caesars Sportsbook. This initiative, branded as "MetroBets with Caesars Sportsbook," will create over 30 new jobs. The retail sportsbook features three betting windows and 12 self-service kiosks, with plans for mobile app launch in Puerto Rico in 2023, pending regulatory approvals. Casino Metro is also expanding its gaming space by 7,000 square feet, aiming to enhance the customer experience with more entertainment options.

The World Series of Poker (WSOP), hosted by Caesars Entertainment (CZR), is set for its 54th tournament from May 30 to July 18, 2023, at Paris Las Vegas and the future Horseshoe. The event follows a record-breaking $347.9 million total prize pool in 2022, attracting 197,626 entrants. The Main Event will take place between July 3 and 6, with multiple starting days and a $10,000 buy-in. Early booking for reduced room rates is available. The full tournament schedule will be announced in 2023.

Spiegelworld will debut The Hook at Caesars Atlantic City on June 30, 2023, marking the city's first permanent live entertainment destination. The venue will host a multi-million-dollar renovation of the iconic Warner Theatre, featuring a world-premiere live show and the acclaimed Superfrico restaurant. This initiative is part of a larger $400 million investment by Caesars Entertainment in Atlantic City, which includes new dining options and upgraded accommodations. Tickets are now on sale.

Genius Sports and the NFL have expanded their partnership to provide U.S. sportsbooks with live video streams of select NFL games. Caesars Sportsbook is the first to offer this unique 'Watch & Bet' feature on mobile devices, enhancing the in-game betting experience for its users. This partnership allows for data-driven betting opportunities alongside live streaming, utilizing Genius Sports' technology for engaging fan experiences. The initiative aims to boost market share in North America, leveraging the NFL's popularity and official data integration.

Miranda Lambert has extended her acclaimed Las Vegas residency, "Velvet Rodeo," at the Zappos Theater through the end of 2023, driven by strong fan demand. The new shows, totaling 16, are scheduled for July, November, and December 2023. With 11 shows already completed, Lambert's residency has garnered praise from multiple sources, highlighting her vocal prowess and engaging performances. Tickets go on sale to the public on Dec. 9, with presale options for fan club members and Citi cardholders starting on Dec. 5. A portion of ticket sales will support Lambert's MuttNation Foundation.

Caesars Entertainment has launched its mobile sports wagering app, Caesars Sportsbook, in Maryland, allowing users to place bets via iOS, Android, or desktop. The app offers enhanced features including live scoreboards and various betting options. Sign-up promotions for new users include a $100 bet credit for first bets between $20 and $100, or up to $1,500 in credits for larger bets. The launch is supported by a commitment to diversity, with 40% ownership interest held by women and minority partners. Caesars aims to promote responsible gaming with additional educational offerings.

Caesars Entertainment has launched Ramsay's Kitchen, created by multi-Michelin-starred chef Gordon Ramsay, at Harrah's Las Vegas. The restaurant officially opened on November 16, 2022, marking Ramsay's sixth culinary establishment in Las Vegas. The venue offers an upscale dining experience with a menu featuring signature dishes such as Beef Wellington and Jumbo Lump Crab Cakes, along with a selection of cocktails. Designed by AO, the restaurant accommodates 244 guests and is open daily from 11 a.m. to 11 p.m..