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. reports developments across its casino-resort portfolio, digital wagering business and hospitality brands. The company operates and manages Caesars, Harrah’s, Tropicana, Flamingo and other gaming destinations in Las Vegas, Atlantic City and regional markets, and it connects guests through the Caesars Rewards loyalty program.
Recurring updates include quarterly operating results, Caesars Digital performance, hotel and dining offers, entertainment residencies at Caesars Palace venues, resort renovation and amenity projects, and managed-casino openings such as Harrah’s Oklahoma. News also covers capital resources and debt levels when the company releases financial results.
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.
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.