Caesars Entertainment Inc - CZR STOCK NEWS

The World Series of Poker (WSOP) has announced its 2021 daily event schedule, starting September 30 and concluding November 23. Notable events include the $10,000 No-Limit Hold'em World Championship with four starting flights from November 4-7. The tournament returns to the Rio All-Suite Hotel in Las Vegas. This year's WSOP expects robust participation following a 26-month hiatus, with 2019 setting records of 187,298 entries and $293 million in prizes. New broadcasting partnerships will enhance visibility, offering 15 hours of Main Event coverage.

GRAMMY nominated band OneRepublic will perform at Zappos Theater in Planet Hollywood Resort & Casino this Labor Day Weekend, with shows on September 4 and September 5. This marks the venue's first performances of the year. An artist presale starts on June 15, followed by a presale for select customers from June 16 to June 17. General public tickets go on sale June 18, starting at $45. The band has achieved over 5B streams on Spotify and is promoting their upcoming album, Human.

On June 11, 2021, Caesars Entertainment announced the completion of a $200 million renovation at Harrah's Las Vegas. The project includes redesigned guest rooms, a remodeled casino floor, and new LED marquees. The renovations enhance accommodations and guest experiences, with highlights such as the Spa, PizzaCake by Buddy Valastro, and a multi-year residency by Donny Osmond starting August 31, 2021. The property also features direct access to the CAESARS FORUM Conference Center, which will host a conference from June 15-17. The upgrades aim to attract more visitors during the upcoming summer season.

Caesars Entertainment has successfully closed the sale of Tropicana Evansville for $480 million in cash to Gaming & Leisure Properties and Bally's Corporation. This transaction is subject to a customary working capital adjustment. CEO Tom Reeg expressed gratitude towards the employees of Evansville and wished them success under new ownership. Caesars, a leader in the casino-entertainment sector, has a rich history of growth through acquisitions and expansions, aiming for operational excellence and enhanced guest experiences.

Bally's Corporation has successfully acquired the Tropicana Evansville casino from Caesars Entertainment for $140 million. This acquisition includes rights to sports betting and iGaming skins, enhancing Bally's presence in the growing Indiana gaming market. The transaction involved a real estate acquisition by Gaming & Leisure Properties for $340 million, which Bally's will lease for $28 million annually. No cash expenditure was required from Bally's at closing, and the company anticipates immediate earnings accretion from this strategic move.

On May 26, 2021, the William Hill Sportsbook officially opened at Washington D.C.'s Capital One Arena, marking a milestone as the first sportsbook within a U.S. professional sports facility. This 18,000 sq. ft venue includes 17 betting windows, 12 kiosks, and over 100 television screens, providing a premium experience for fans. The opening reflects a partnership between William Hill and Monumental Sports, enhanced by Michelin-starred Chef Nicholas Stefanelli's culinary offerings. The sportsbook is accessible year-round, aiming to attract millions of visitors attending the arena's 230 annual events.

Shania Twain has announced 14 new shows for her Las Vegas Residency at Zappos Theater, taking place from December 2 to 21, 2021 and February 11 to 26, 2022, including a Valentine's Day performance. Tickets go on sale June 1, 2021, with presales starting May 27 for Citi cardholders. Ticket prices begin at $60. A portion of ticket sales will be donated to Shania Kids Can, providing support to children in need.