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.
News and press releases for Caesars Entertainment, Inc. (NASDAQ: CZR) highlight the company’s activities as a major casino-entertainment operator with a significant digital presence. Investors and followers of CZR can use this page to review company-issued updates on financial performance, property developments, digital product launches and corporate governance events.
Recent news includes quarterly earnings announcements, where Caesars reports net revenues, segment results for its Las Vegas, regional, Caesars Digital and managed and branded operations, and non-GAAP measures such as Adjusted EBITDA. These releases often feature commentary from senior leadership on trends across its resort portfolio and digital platforms.
Caesars also issues news about the expansion of its Caesars Sportsbook and online casino offerings. Examples include the launch of mobile and in-person sports wagering in Missouri, the opening of new Caesars Sportsbook locations at properties like Harrah’s Kansas City, Horseshoe St. Louis and Monmouth Park in New Jersey, and partnerships to bring a Caesars Sportsbook to Rampart Casino in the Summerlin area, subject to regulatory approval. Other announcements describe enhancements to the Caesars Palace Online Casino app, such as the Caesars Rewards Shop feature for redeeming Reward Credits.
Entertainment and hospitality updates are another recurring theme. Releases cover developments at Caesars Palace in Las Vegas, including recognition for Restaurant Guy Savoy and new residencies at The Colosseum, such as Cyndi Lauper: Live in Las Vegas. Corporate governance items, like a board member’s planned retirement, are reported through both SEC filings and associated press statements.
By reviewing this news feed, readers can follow how Caesars Entertainment presents its strategy across resort operations, digital gaming, loyalty integration and responsible gaming initiatives, as well as track notable property-level and brand-level milestones.
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GRAMMY Award-winning artist Kelly Clarkson will headline an exclusive engagement titled chemistry…an intimate night with Kelly Clarkson at the Bakkt Theater, Planet Hollywood Resort & Casino, starting on July 28, 2023. This intimate show, built for the venue, will showcase highlights from her extensive music career. Tickets go on sale on March 31, 2023, with presale options available for Citi cardmembers and Caesars Rewards members. Clarkson, known for her remarkable achievements including over 25 million albums sold, aims to create a memorable experience for fans in Las Vegas, echoing the city's vibrant energy.
Caesars Entertainment's live entertainment venue at Planet Hollywood Resort & Casino has been renamed to Bakkt Theater, effective March 24. This rebranding follows multimillion-dollar enhancements, including upgraded artist amenities and state-of-the-art audio capabilities. The venue, previously known as Zappos Theater, is set to host major acts, starting with Miranda Lambert's residency. The collaboration with Bakkt allows Caesars Rewards members to soon redeem credits through Bakkt's cryptocurrency solutions, pending regulatory approval. This partnership aims to enhance the customer experience and utilize Bakkt's cryptocurrency offerings.
Global music superstar Keith Urban has extended his Las Vegas residency at Zappos Theater in Planet Hollywood Resort & Casino through November 2023. Starting March 18, new ticket sales will be available, including presale options for fan club and Citi card members. Urban's show promises a two-hour musical journey featuring hits like "Somebody Like You" and "Blue Ain't Your Color," alongside new songs. The additional November dates include performances on November 1, 3, 4, 10, 11, 15, 17, and 18. Urban's residency showcases his acclaimed live performance skills and marks his return to the stage following an extensive tour in 2022.
Bakkt Holdings has announced a strategic partnership with Caesars Entertainment, renaming Planet Hollywood's live entertainment venue to Bakkt Theater. This collaboration allows Caesars Rewards members to redeem rewards through Bakkt Crypto Rewards, pending regulatory approval. Both companies aim to enhance customer experience in the evolving digital economy, integrating cryptocurrency solutions into the loyalty program. Bakkt continues to develop its crypto offerings, with plans to share further details soon.
Jeff Dunham and his characters announce six performance dates for the show "Still Not Canceled" at Zappos Theater, Planet Hollywood Resort & Casino. The shows are scheduled for May 28, July 16, September 3, October 22, November 12, and December 8, 2023. General ticket sales begin on March 4, 2023, with presales for fan club members starting on March 1 and for Caesars Rewards members on March 2. Dunham, notably a top-selling comedian, has earned significant acclaim and viewership through his specials and successful global tours.
Caesars Entertainment reported strong fourth quarter and full-year results for 2022. Fourth quarter GAAP net revenues hit $2.8 billion, up from $2.6 billion year-over-year, with a reduced net loss of $148 million compared to a loss of $434 million in the prior year. Same-store Adjusted EBITDA surged to $957 million, reflecting growth across Las Vegas and Regional segments. For the full year, revenues reached $10.8 billion, a significant increase from $9.6 billion, and net loss narrowed to $899 million from $1.0 billion. Caesars also highlighted reduced total debt by over $1.2 billion and a strong foundation for 2023, buoyed by enhanced consumer demand in all verticals.
On February 16, 2023, Caesars Entertainment and SL Green Realty Corp announced an expansion of their Caesars Rewards partnership to local merchants in New York City. This initiative is part of their bid for a gaming license in Times Square. The partnership will allow Caesars Rewards members to convert Reward Credits into gift cards for use at a network of participating businesses. The companies aim to boost local economies and will sign up merchants as they seek the necessary gaming license. Caesars plans to develop a 250,000 square foot gaming venue with a 950-room hotel, funded entirely through private investment.
Donny Osmond has extended his award-winning residency at Harrah's Las Vegas through 2023, presenting a dynamic musical journey showcasing his life and career. Recognized with multiple 'Best of Vegas' awards, the show features audience interactions and fan-favorite segments like 'Auto-rap-ography.' The new performance schedule includes dates from September to November 2023, with tickets available for public purchase starting February 17, 2023. Osmond's residency, directed by Raj Kapoor and featuring Emmy-winning choreography, is part of Caesars Entertainment's offerings, further enhancing the venue's entertainment portfolio.
Legendary GRAMMY Award-winner Van Morrison is set to perform a three-night concert series at Zappos Theater in Las Vegas on September 6, 8, and 9, 2023. Tickets for these shows will be available to the public starting on February 10, 2023, with presale opportunities for American Express members and Caesars Rewards customers beginning from February 7 and February 8 respectively.
Known for iconic hits like "Brown-Eyed Girl" and "Moondance," Morrison has had a significant impact on rock music, with over 150 of his songs featured in major films.