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 and Nobu Hospitality have expanded their partnership with four new projects, including Nobu Hotels and restaurants in New Orleans and Atlantic City, and a Nobu restaurant at Paris Las Vegas. The first Nobu Hotel opened in 2013 at Caesars Palace, and the latest expansions reflect a continued investment in hospitality. Upcoming developments include a $400 million investment in Atlantic City and a multimillion-dollar refresh of Nobu Hotel Caesars Palace, aimed at enhancing guest experiences.
Caesars Entertainment (NASDAQ: CZR) has officially partnered with LSU Athletics, making Caesars Sportsbook the exclusive gaming partner of the university's athletics department. This multi-year agreement aims to enhance alumni and fan engagement while promoting responsible sports gaming. The partnership includes marketing assets such as signage at various LSU venues and access for Caesars Sportsbook customers to athletic events. Caesars is also committed to responsible gaming education and has established a scholarship fund for Louisiana residents pursuing sports-related majors.
The Indianapolis Colts and Caesars Entertainment (NASDAQ: CZR) have strengthened their partnership, designating Caesars Sportsbook as a premier sports betting partner and the exclusive casino partner of the Colts. This multi-year agreement enhances existing collaborations with local casinos, introducing new features like Caesars South Gate at Lucas Oil Stadium and a Caesars Sportsbook Lounge. Fans can engage with a free-to-play game on the Colts mobile app, with prizes including trips to Las Vegas. Caesars aims to innovate sports experiences for fans both in-person and via mobile platforms.
Caesars Entertainment announced today plans for Caesars Virginia, a $500 million resort set to break ground in Danville by December 2021. This project will feature 500 hotel rooms, a casino with over 1,400 slot machines, a Caesars Sportsbook, and a World Series of Poker Room. Expected to create 1,300 operational jobs and 900 construction jobs, the resort aims to be a significant economic driver for the region, enhancing tourism and local business partnerships. Its anticipated opening is scheduled for late 2023.
Caesars Entertainment, Inc. (CZR) announced the pricing of a $1.2 billion offering of 4.625% Senior Notes due 2029. The size of the offering increased by $200 million, with completion expected by September 24, 2021. Proceeds will be used to manage existing debt, specifically to redeem 5.250% Senior Notes due 2025 along with associated fees. The Notes are offered to qualified institutional buyers in the U.S. and outside under Regulation S, not registered under the Securities Act.
On September 10, 2021, Caesars Entertainment (CZR) announced a cash tender offer for up to $1.2 billion of its 5.250% Senior Notes due 2025. The offer is set to expire at 12:00 a.m. on October 7, 2021, unless extended. Holders tendering by September 23, 2021, can receive an early payment of $30.00 per $1,000 of notes. The tender offer is contingent upon Caesars securing at least $1 billion in debt financing. Should the offer be under-subscribed, the company plans to redeem the remaining notes around October 15, 2021.
On September 10, 2021, Donny Osmond announced new performance dates for his solo residency at Harrah's Las Vegas through 2022. Following a successful opening with sold-out crowds, the show features Osmond's hits and personal stories in an engaging format. Produced by Mojave Ghost, the residency showcases Osmond's extensive career, including his iconic music and new songs. Upcoming shows are scheduled from September 2021 to November 2022, with tickets available now.
On September 10, 2021, Caesars Entertainment, Inc. (CZR) announced a proposed offering of $1 billion in senior notes due 2029. The offering targets qualified institutional buyers under Rule 144A and international buyers under Regulation S. The proceeds will be used to retire 5.250% Senior Notes due 2025 and cover related fees. This private placement will not be registered under the Securities Act, limiting domestic offers to exemptions.
Caesars Entertainment has officially launched sports betting in Arizona, celebrating the legalization with a kickoff event on September 9, 2021. Attendees, including Governor Doug Ducey and D-backs CEO Derrick Hall, placed the first ceremonial bets for charity. The Caesars Sportsbook app is now available, offering a risk-free bet of up to $5,000 until September 30. A two-story sportsbook and sports bar is set to open at Chase Field in early 2022, enhancing the betting experience for fans. Caesars also partners with multiple sports leagues, boosting its presence in the gaming industry.
Caesars Entertainment (NASDAQ: CZR) has reached an agreement to sell the non-US assets of William Hill to 888 Holdings Plc for approximately £2.2 billion. Following debt repayment and adjustments, Caesars anticipates net proceeds of around £835 million (approximately $1.2 billion). The deal is contingent on 888 Holdings Plc shareholder and regulatory approvals, with closure expected in Q1 2022. CEO Tom Reeg expressed gratitude to William Hill's team and confidence in the new ownership aligning with their long-term goals.