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 (CZR) operates a diversified portfolio of casino resorts and digital platforms across the United States. This news hub provides investors and industry observers with official press releases, financial updates, and strategic announcements from one of gaming's most established operators.
Access real-time updates on earnings reports, property expansions, and regulatory developments alongside analysis of Caesars' digital initiatives like sports betting integrations. Our curated feed includes announcements about flagship brands including Harrah's, Tropicana, and the Caesars Rewards loyalty program.
Key areas of coverage include casino operations, hospitality partnerships, technology implementations, and market expansion strategies. Bookmark this page for streamlined access to CZR's evolving position in the competitive entertainment landscape.
Caesars Entertainment, Inc. (NASDAQ: CZR) has successfully closed the sale of its operations at Caesars Southern Indiana to the Eastern Band of Cherokee Indians for approximately $250 million. This transaction will result in a reduction of Caesars' annual base rent payments to VICI Properties by $32.5 million. Furthermore, Caesars and the Eastern Band of Cherokee Indians have entered a long-term agreement to continue utilizing the Caesars brand and Caesars Rewards loyalty program at the sold operation.
Caesars Entertainment (CZR) has entered a groundbreaking partnership with the Fiesta Bowl Organization, marking the first exclusive sports betting and fantasy gaming alliance for a college football bowl game. This multi-year agreement aims to enhance fan engagement and expand Caesars' presence in Arizona, where legal sports betting is set to commence on September 9. The collaboration includes fan lounges at the Fiesta Bowl and Guaranteed Rate Bowl, as well as a commitment to responsible gaming education. The partnership is positioned to leverage the passion of college football fans while aligning with Caesars’ growing sports relationships.
On August 16, 2021, KISS announced their final Las Vegas residency at the Zappos Theater in Planet Hollywood Resort & Casino. The shows will take place during New Year's week, including performances on December 29, 31, and January 1, followed by additional shows from January 19 to February 5, 2022. Tickets go on sale to the public on August 20, 2021, with presales available for KISS Army members starting August 17 and Citi cardholders from August 18. Known for their iconic performances, KISS has sold over 100 million albums globally.
Caesars Entertainment (NASDAQ: CZR) has entered into a multi-year partnership with the Houston Texans, becoming the official casino partner of the NFL team. This agreement kicks off ahead of the 2021 NFL season and includes various fan engagement initiatives such as the Caesars Rewards-sponsored 'Schedule Pick 'Em' game within the Texans’ app. Caesars will leverage its loyalty program for exclusive fan experiences, such as luxury suite access. The partnership aligns with Caesars' strategy to enhance brand visibility and engagement in professional sports.
Jeff Dunham has announced four new performance dates for his show "JEFF DUNHAM: SERIOUSLY!?" at The Colosseum at Caesars Palace, Las Vegas. The shows are scheduled for September 26, October 17, November 14, and December 9, 2021. Tickets go on sale to the public on August 14 at 10 a.m. PT, while presale access starts for fan club members on August 11 and for Caesars Rewards and Live Nation customers on August 12. All shows will begin at 7:30 p.m..
Caesars Entertainment (CZR) reported significant improvements in its Q2 2021 results, with net revenues reaching $2.5 billion compared to $127 million in Q2 2020. The company achieved a net income of $71 million, a rebound from a net loss of $100 million year-over-year. Adjusted EBITDA also hit an all-time high of $1.0 billion. Key highlights included strong performance in regional markets, successful rebranding of its sports betting operations, and effective marketing strategies. The firm divested Caesars UK and reduced its debt by $325 million.
On August 2, 2021, Caesars Entertainment (NASDAQ: CZR) launched Caesars Sportsbook, a rebranded sports betting platform with a multi-million dollar marketing campaign. This new offering integrates mobile betting with the Caesars Rewards loyalty program, enhancing user experience with customized offers and flexible limits. The app, powered by the company's technology stack, is currently available in eight states, with plans for expansion. The campaign features actor-comedian JB Smoove, promoting a betting experience where every wager earns rewards, reflecting Caesars' mission to treat every player like royalty.
Lisa Vanderpump is set to open her second Las Vegas venue, Vanderpump à Paris, at Paris Las Vegas this winter. Following the success of Vanderpump Cocktail Garden at Caesars Palace, the new venue promises a whimsical ambiance with Parisian-inspired design and a menu featuring unique cocktails and delectable dishes. Vanderpump expressed excitement about the project, which aims to replicate the charm of Paris in Las Vegas. The venue will seat approximately 200 guests and showcase an eclectic mix of decor and culinary delights.
On July 26, 2021, the New Orleans Saints and Caesars Entertainment announced a 20-year exclusive naming-rights partnership, rebranding New Orleans' stadium as the Caesars Superdome. This facility will host significant events including Super Bowl LIX in February 2025 and the 2022 NCAA Men's Final Four. Caesars is investing $325 million in renovations to Harrah’s New Orleans and aims to enhance the Superdome's amenities. The partnership emphasizes Caesars' commitment to the local economy, with plans to direct proceeds back into the state-owned venue.
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