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.
Caesars Entertainment announced the opening of the all-new Horseshoe Lake Charles in Louisiana, set for December 12, 2022, after a two-year closure due to the pandemic and Hurricane Laura. This 60,000-square-foot resort will feature nearly 1,000 gaming machines, a WSOP® Poker Room, and a Caesars Sportsbook. Notably, it will introduce Gordon Ramsay Steak, the first Louisiana restaurant by the multi-Michelin-starred chef. The opening day includes a ribbon-cutting ceremony and community celebrations, showcasing the brand's commitment to offering premier gaming and hospitality services.
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Caesars Entertainment has selected Vince Vaughn as the new face of its iCasino platforms, enhancing its marketing strategy. Vaughn, known for his love of gaming and Las Vegas, will feature in upcoming campaigns alongside stars like JB Smoove and the Manning family. This partnership leverages Vaughn's previous involvement with Caesars and the World Series of Poker, promoting features such as easy app usage and integrated rewards. Caesars Sportsbook is operational in 27 states and emphasizes responsible gaming across its platforms.
SL Green and Caesars Entertainment have partnered to redevelop 1515 Broadway into Caesars Palace Times Square, aiming to enhance New York's economy and tourist appeal. The project includes significant investments in security and traffic improvements, promising billions in tax revenue and creating thousands of jobs through local business partnerships. The proposal will feature a Broadway Theater for The Lion King and aims to leverage Caesars Rewards for local economic benefits, enhancing the overall Times Square experience.
Jerry Seinfeld will perform at The Colosseum at Caesars Palace for the first time since 2019, with six shows scheduled for 2023. Ticket sales commence on October 21 at 10 a.m. PT, with presale access for Caesars Rewards members starting on October 19. Ticket prices start at $84. Seinfeld's career highlights include the acclaimed show Seinfeld and various successful Netflix projects, reinforcing his status as a premier entertainer.
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.