Caesars Entertainment Inc Stock Price, News & Analysis

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.

Caesars Entertainment has announced that Donny Osmond is extending his award-winning solo residency at Harrah's Las Vegas into 2023 due to popular demand. The show has received accolades including Best Show and Best Headliner in the 2021 Best of Vegas awards. Upcoming performances include select dates from January to May 2023. Tickets will be available for purchase starting September 23, 2022, with presale access on September 22 for members and customers. The show promises a dynamic experience featuring Osmond's hits and an interactive segment.

Caesars Entertainment (CZR) has launched the Caesars Sportsbook & Casino Truck Tour, a nationwide fan engagement initiative debuting on Sept. 19 in Orchard Park, NY. The 18-wheeler will visit major sporting events, offering unique experiences, including a premium sportsbook lounge and collaborations with Omaha Productions and ESPN. The tour emphasizes responsible gaming and aims to enhance customer loyalty through Caesars Rewards. The truck will stop at various locations, culminating at Super Bowl LVII. Caesars continues to prioritize customer engagement and responsible gaming practices.

Caesars Entertainment has inaugurated two new Caesars Sportsbook locations at Harrah's New Orleans and Horseshoe Bossier City, enhancing its presence in Louisiana's gaming sector. The New Orleans venue features a 5,700-square-foot sportsbook and the state's largest poker room. A $325 million renovation is ongoing at Harrah's, expected to complete by 2024. Notable opening events included ceremonial bets from local celebrities. The new facilities aim to bolster Caesars' commitment to Louisiana, providing improved sports betting experiences and integrating with the Caesars Rewards program.

Caesars Entertainment, Inc. (NASDAQ: CZR) has launched its mobile sports betting app, Caesars Sportsbook, in Kansas, enhancing its Midwest presence. The app, available on iOS, Android, and desktop, offers unmatched rewards through the Caesars Rewards program, allowing users to earn Tier and Reward Credits with each bet. The platform features improved performance for a user-friendly experience. A special sign-up offer provides new users with additional credits and a risk-free first bet up to $1,250. Caesars emphasizes responsible gaming with tools to help manage gambling activities.