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.
On September 8, 2021, Caesars Entertainment (CZR) announced a strategic partnership with the Baltimore Ravens, becoming the team's official sports betting partner. The five-year agreement includes naming rights at M&T Bank Stadium and a premium betting experience through Caesars Sportsbook. Fans will have access to various events, including annual signature events and digital content during the NFL Draft. This partnership aims to enhance fan engagement and expand the entertainment district around Horseshoe Baltimore, further solidifying Caesars' position in the sports betting market.
Genius Sports (NYSE:GENI) has entered a strategic partnership with Caesars Entertainment (NASDAQ:CZR), granting Caesars access to Genius' extensive portfolio of official sports data feeds. This agreement enhances Caesars’ sportsbook with essential data for betting on NFL, NASCAR, and other global sports. As part of the deal, Genius will also provide marketing technology to enhance customer engagement and acquisition. Both companies aim to elevate the betting experience and capitalize on the growing sports betting market in the U.S., improving their brand offerings and monetization opportunities.
VICI Properties Inc. has entered a triple-net lease agreement with EBCI Holdings in relation to the acquisition of Caesars Southern Indiana. The lease stipulates an initial total annual rent of $32.5 million for a term of 15 years, with annual rent escalations starting at 1.5%. This agreement reduces annual base rent payments under VICI's master lease with Caesars by $32.5 million. Additionally, VICI has a right of first refusal on real property related to a new casino resort in Danville, Virginia.
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.