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 reported strong fourth-quarter results for 2021, with GAAP net revenues of $2.6 billion compared to $1.6 billion in the previous year. The GAAP net loss improved to $434 million from $555 million. Same-store Adjusted EBITDA rose to $581 million from $348 million. For the full year, revenues hit $9.6 billion, up from $3.6 billion, and the net loss decreased to $1.0 billion from $1.8 billion. Notably, Caesars has exceeded synergy targets from its merger with Eldorado Resorts and expanded its sportsbook to 22 markets.
Paysafe (NYSE: PSFE) has expanded its payment processing and affiliate services into the Louisiana and Oregon mobile sports betting markets. The company's partnerships with major sportsbooks like Caesars Entertainment (NASDAQ: CZR) and DraftKings (NASDAQ: DKNG) are set to capitalize on a projected annual market handle of
Caesars Entertainment (NASDAQ: CZR) announced the launch of Caesars Sportsbook in Washington state after receiving a sports wagering license from the Washington State Gambling Commission. The expansion includes partnerships with Muckleshoot Casino, Spokane Tribe Casino, and Chewelah Casino, offering various sports betting options, including self-service kiosks and live betting. This initiative allows Washington sports bettors to engage with sports betting just in time for Super Bowl LVI, enhancing Caesars' market presence in the region.
The transformation of Lumière Place Casino & Hotel into Horseshoe Saint Louis is set for completion in spring 2022, enhancing the property's appeal. This shift brings a revitalized exterior, updated casino floor, new gaming options, and a Starbucks. The design emphasizes sophistication with luxurious materials while retaining Horseshoe's gaming heritage. The new WSOP® Poker Room will feature 10 tables and host tournaments soon. The move aims to attract more guests and enhance their gaming experience, staying true to Horseshoe's legacy of high-stakes gaming.
Caesars Sportsbook is set to debut its advertising during Super Bowl LVI with a 30-second spot featuring stars like Halle Berry and the Manning family. This ad is part of their 'Caesar and Cleo' campaign, focusing on family, fun, and football. The brand will also air two additional commercials during the Puppy Bowl on February 12-13, promoting responsible gaming and animal rescue. Currently operating in 22 states, Caesars offers a leading sports betting app with over 2,000 prop bets for the Super Bowl, complemented by its Caesars Rewards program.
Caesars Sportsbook has launched its most extensive prop betting menu for Super Bowl LVI, now available in 22 states and jurisdictions. This menu allows sports fans to bet on unique outcomes, including the opening coin toss and first player to score a touchdown. Additionally, the app features a new Super Bowl LVI Squares game. The betting landscape is boosted by the legalization of sports betting in various states, with expectations for record-breaking betting activity. Caesars Sportsbook continues to innovate in prop betting, enhancing the sports betting experience for fans nationwide.
Caesars Entertainment is hosting a National Day of Hiring on February 24, 2022, aiming to showcase various career opportunities across its more than 50 properties in the U.S. This event allows potential team members to explore roles in customer service, management, and design within the gaming-entertainment sector. Attendees can benefit from affordable healthcare, a 401k with employer match, paid time off, and professional development. Caesars emphasizes a diverse range of roles and aims to enhance awareness about its employee benefits.
Caesars Entertainment, Inc. (NASDAQ: CZR) has launched its mobile sports betting app in Louisiana, coinciding with the state's legalization of mobile wagering. This move follows the in-person betting launch at Harrah's New Orleans and Horseshoe Bossier City in October 2021. The Caesars Sportsbook app offers various promotions, including a $300 free bets offer for a $20 wager. Caesars is committed to enhancing the sports betting experience in Louisiana, backed by partnerships with local teams and a significant investment of $325 million in its New Orleans property renovation.
Caesars Entertainment is revitalizing the Horseshoe brand in Las Vegas, with a transformation of Bally's beginning in spring 2022. The renovation includes a redesigned exterior, enhanced entertainment and dining options, and a modernized casino floor. This multi-million dollar investment aligns with the brand's legacy of catering to gamblers, showcasing its commitment to quality service. Notably, the World Series of Poker will return to the Horseshoe from May 31 to July 19, 2022, celebrating its historic roots. The full transformation is expected to be completed by the end of 2022.
Global country music star Keith Urban has confirmed five new performances for his show Keith Urban Live – Las Vegas at The Colosseum at Caesars Palace. Scheduled for March 25, 26, and 30, alongside April 1 and 2, these dates precede the previously announced Memorial Day Weekend shows on May 27-29. Tickets go on sale to the public on January 31, with presale opportunities available for fan club members and select credit card holders.
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