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 (CZR) operates a diversified portfolio of casino resorts and digital platforms across the United States. This news hub provides investors and industry observers with official press releases, financial updates, and strategic announcements from one of gaming's most established operators.
Access real-time updates on earnings reports, property expansions, and regulatory developments alongside analysis of Caesars' digital initiatives like sports betting integrations. Our curated feed includes announcements about flagship brands including Harrah's, Tropicana, and the Caesars Rewards loyalty program.
Key areas of coverage include casino operations, hospitality partnerships, technology implementations, and market expansion strategies. Bookmark this page for streamlined access to CZR's evolving position in the competitive entertainment landscape.
The ARCADE at Bally's Las Vegas has officially opened, contributing to the property's transition to Horseshoe Las Vegas. This 7,000-square-foot venue features more than 80 games, including classic arcade favorites and immersive virtual reality experiences. The facility utilizes a cashless currency system for gameplay, enhancing guest convenience. Alongside the arcade, a refreshed bar will soon open, serving a variety of beverages. The project is part of a broader rebranding initiative, which includes a renovated casino floor and new dining options, emphasizing entertainment and customer engagement.
Caesars Entertainment, Inc. (NASDAQ: CZR) released its 2021-2022 Corporate Social Responsibility report, showcasing significant ESG achievements. Key highlights include a 33.9% reduction in Scope 1 + 2 emissions since 2011 and a commitment to reach 100% reduction by 2050. The company aims to divert 65% of waste from landfills by 2030 and reduce water consumption by 20% per square foot by 2035. Additionally, Caesars promotes diversity, targeting gender and racial equality in leadership roles by 2025, and has launched an educational assistance program for Team Members.
Bat Out of Hell – The Musical officially opened on October 7, 2022, at the Paris Las Vegas, featuring hits from Jim Steinman and Meat Loaf. The premiere attracted a sold-out crowd, showcasing an electrifying performance by a 26-member ensemble with live music, special effects, and engaging choreography. Directed by Jay Scheib, the 85-minute show immerses audiences in a post-apocalyptic romance. Tickets start at $49, with VIP options available. For more details, visit BatOutOfHellVegas.com.
Caesars Entertainment, Inc. (NASDAQ: CZR) has successfully closed new senior secured credit facilities amounting to $3 billion. This includes a $750 million term loan and a $2.25 billion revolving credit facility. The funds from the term loan are being used to prepay $750 million of existing term loans, due in December 2024. The interest rate on these facilities is based on the secured overnight financing rate plus 10 basis points and an applicable margin of 225 basis points. This refinancing aims to reduce interest expense and extend debt maturities.
Rod Stewart will return to Las Vegas for his residency, "Rod Stewart: The Hits." at The Colosseum at Caesars Palace, featuring 13 performances from May 3 - 15 and November 10 - 22, 2023. Tickets go on sale to the public on October 7 at 10 a.m. PT. Presales for fan club members and Citi cardholders are from October 4 - 6. The show offers an intimate concert experience, showcasing Stewart's greatest hits from over five decades, with no seat more than 145 feet from the stage.
Caesars Entertainment, Inc. (NASDAQ: CZR) is set to release its third quarter 2022 financial results on November 1, 2022, after market close. A conference call will follow at 5:00 p.m. Eastern Time to discuss results and corporate updates. Participants can register here. Caesars is recognized as a leading casino-entertainment company globally, operating under brands like Caesars, Harrah's, and Horseshoe, offering a wide range of gaming and hospitality services.
Dominique Ansel Las Vegas, the latest bakery by award-winning pastry chef Dominique Ansel, will open on October 21 at Caesars Palace. Known for his iconic Cronut®, Ansel will feature exclusive pastries like the Lucky 7 collection, which includes unique creations like Lucky Penny Pig and Evil Eye Éclair. The bakery will offer a café-style setting and operate from 7 a.m. to 9 p.m. on weekdays and 7 a.m. to 10 p.m. on weekends. Guests can also enjoy classic French viennoiserie made with high-quality ingredients.
Paysafe has expanded its presence in the U.S. by entering the Kansas online sports-betting market, now supporting multiple sportsbooks with deposit options and affiliate marketing services. This marks the 23rd U.S. state where Paysafe operates, with forecasts predicting Kansas will generate $1.78 billion in sports-betting revenue in its first year. Earnings from this expansion are expected to contribute positively as Paysafe strengthens partnerships with major operators like Caesars, DraftKings, and PointsBet, enhancing player acquisition and retention capabilities.
Caesars Palace in Las Vegas has unveiled a multimillion-dollar renovation of its main entrance, enhancing the guest arrival experience. Key features include a coffered ceiling, an intricate marble mosaic floor, and a 15-foot-tall Carrara marble statue of Augustus Caesar. The lobby now features the new Galleria Bar, offering cocktails and slot machines. Additionally, two state-of-the-art gaming pits have been added, and the casino dome features a grand chandelier weighing approximately 3,200 pounds. This renovation reflects Caesars Entertainment's commitment to providing unparalleled luxury to its guests.
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