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 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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Caesars Entertainment has officially launched the World Series of Poker (WSOP) online platform in Pennsylvania, following approval from the Pennsylvania Gaming Control Board. The launch includes special promotions and a new bracelet series for players. Promotions include a 100% match on deposits up to $1,000 and various tournaments with low buy-ins starting from $1. WSOP aims to enhance player experience with competitive prize pools, offering a total of $75,000 guaranteed each Sunday. This expansion marks another step in WSOP's growth within the U.S. online gaming market.
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.