Caesars Entertainment Inc Stock Price, News & Analysis

Caesars Entertainment's Harrah's Resort Southern California will introduce a new HELL'S KITCHEN restaurant by Gordon Ramsay, set to open in Spring 2022. This marks the largest HELL'S KITCHEN location to date, designed to accommodate 332 guests with multiple dining areas. Construction begins this summer. The partnership aligns with the resort's focus on providing unique experiences to guests. Previous HELL'S KITCHEN locations have received acclaim, featuring signature dishes from Ramsay’s culinary repertoire. This venture supports the ongoing development strategy of Caesars Entertainment.

On July 12, 2021, the Backstreet Boys announced their festive show series, A Very Backstreet Christmas Party, at Zappos Theater, Planet Hollywood Resort & Casino, in Las Vegas this November and December. This marks their first holiday-themed residency, featuring classic and new songs. Following their record-breaking Larger Than Life shows, ticket presales begin on July 13 with general sales on July 16. A portion of ticket sales will benefit the Boys & Girls Clubs of Southern Nevada, continuing the band's philanthropic efforts with prior donations of $180,000.

Caesars Palace in Las Vegas is set to undergo a multimillion-dollar renovation of its original main entrance, main casino, and porte-cochère. Construction will begin in July 2021, with completion anticipated by New Year's Eve. The redesign will enhance the entrance experience, featuring a new dome and a 15-foot statue of Augustus Caesar, alongside two new gaming pits and a lobby bar. Temporary changes during construction include valet adjustments and the relocation of rideshare services. This renovation marks a significant investment to continue the property's legacy of grandeur.

Caesars Entertainment (NASDAQ: CZR) has partnered with Columbus Exposition and Racing (CER) to develop a Harrah's casino and racetrack in Columbus, Nebraska. This $75 million project will feature a new one-mile horse racing surface, a 40,000-square-foot casino, over 400 slot machines, and 20 table games, expected to open by late 2022. The partnership aims to create a new entertainment destination, boosting the local economy and supporting the horse racing industry in Nebraska. Caesars' experience in gaming is positioned to transform the area's racing tradition.

Caesars Entertainment, Inc. (NASDAQ: CZR) will announce its second quarter 2021 financial results on August 3, 2021, after market close. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time to discuss the results. Participants can join by calling (833) 665-0647 or (914) 987-7309 for international access, using Conference ID 2469744. The call will be available for replay on the Investor Relations section of the company's website for 90 days following the event.

The Indiana Gaming Commission has amended its order, allowing Caesars Entertainment (NASDAQ: CZR) to retain ownership of Horseshoe Hammond and other properties in Indiana. This decision follows Caesars’ recent sale of Tropicana Evansville and the anticipated sale of Caesars Southern Indiana by Q3 2021. CEO Tom Reeg expressed confidence that maintaining Horseshoe Hammond is beneficial for employees, customers, and the local community, indicating a strong future for the property.

Caesars Entertainment, Inc. (NASDAQ: CZR) announced the mandatory conversion of its 5.00% convertible senior notes due 2024, totaling approximately $321.89 million. The conversion will occur on June 24, 2021, with each note converted into 0.013889365 shares of common stock and $1.166196 in cash. Interest will cease on the conversion date, with payments scheduled for June 29, 2021. This action reflects Caesars' strategic move to manage its debt obligations as it continues to expand its casino-entertainment business.