Caesars Entertainment Inc Stock Price, News & Analysis

Caesars Entertainment (NASDAQ: CZR) has announced its schedule for releasing Q4 and full-year 2024 financial results. The company will disclose these results after market close on Tuesday, February 25, 2025.

A conference call is scheduled for the same day at 5:00 p.m. Eastern Time (2:00 p.m. Pacific Time) to discuss the results and other company-related matters. Interested participants can register for the call through an online link, after which they'll receive dial-in details and a unique PIN via email.

The call will also be available via webcast through the Investor Relations section of Caesars' website at investor.caesars.com. A replay of the conference call will remain accessible for 90 days following the event.

Gordon Ramsay expands his restaurant empire with the opening of Gordon Ramsay Burger at Flamingo Las Vegas, his seventh restaurant with Caesars Entertainment in Las Vegas. The 12,000-square-foot venue, designed by DEZMOTIF Studios, features exclusive menu items including the Cluck Yeah GFC Sandwich, Full English Breakfast Burger, and Benedict Burger. The 300-seat restaurant includes a 56-seat open-air patio overlooking the Strip, an exhibition kitchen, and an island-style bar. Location-exclusive offerings include signature cocktails like the Pink Drink and The Bloody Blonde. The restaurant will operate daily from 10 a.m. to 1 a.m., accepting reservations through OpenTable.

Caesars Entertainment has officially opened Caesars Virginia, a new luxury resort in Danville. The grand opening ceremony featured CEO Tom Reeg, COO Anthony Carano, and NBA legend Dennis Rodman, among other dignitaries. The 587,000-square-foot resort includes:

- 90,000 square feet of gaming space with 1,500 slots, 79 live-action table games, and 48 electronic table games
- A WSOP poker room and Caesars Sportsbook
- A 320-room hotel tower
- 50,000 square feet of meeting space and a 2,500-seat entertainment venue
- Multiple dining options including Ramsay's Kitchen by Gordon Ramsay

The celebration included a car parade through Danville, featuring race cars and supercars, followed by Rodman placing the first ceremonial bet at the Caesars Sportsbook. The project represents a significant investment in the Danville community, developed in partnership with the Eastern Band of Cherokee Indians.

Caesars Entertainment (NASDAQ: CZR) has completed the previously announced sale of the LINQ Promenade for $275 million to a joint venture between TPG Real Estate and Acadia Realty Trust's Investment Management Platform. The company immediately utilized the proceeds to make a $275 million voluntary prepayment of their Term Loan B due 2030.

Caesars Entertainment and Tao Group Hospitality are launching Caramella, a new Italian restaurant and lounge at Planet Hollywood Resort & Casino in Las Vegas. The venue, now accepting reservations via OpenTable, features a 1970s Italian-inspired design with an expansive terrace overlooking The Strip.

The restaurant, designed by Fettle, includes a candy shop with Italian treats and a secret lounge behind it. Chief Culinary Officer Ralph Scamardella's menu offers regional Italian favorites, including specialties like Blue Crab Malfadine and Wagyu Beef Tartare.

Located on the Mezzanine level next to the Criss Angel Theater, Caramella operates from 4 to 10 p.m. daily, with the lounge open Thursday through Sunday from 6 p.m. to 2 a.m.

Lisa Vanderpump celebrated the grand opening of Pinky's by Vanderpump at Flamingo Las Vegas, a new 198-seat restaurant and cocktail bar spanning nearly 7,000 square feet. The venue features Art Deco glamour with a dramatic 32-seat bar and a VIP lounge for up to 40 guests.

The establishment offers unique cocktails like the Pinky's Martini, Flip the Bird, and Pump & Bump, alongside elevated bar staples and Las Vegas classics. The menu includes specialties such as Deviled Egg Gardens, Wagyu Sliders, and Pinky's Shrimp Cocktail. Operating hours are Sunday through Thursday from 3 to 11 p.m. and Friday and Saturday from 3 p.m. to 2 a.m., with brunch service coming soon.

Dominique Ansel Marché is set to open at Paris Las Vegas on December 6, marking the James Beard Award-winning pastry chef's second Las Vegas Strip location. The new 5,000-square-foot venue, inspired by Parisian markets, will feature both savory and sweet offerings, including made-to-order buckwheat crêpes, rotisserie meats, and Chef Ansel's signature Cronut®. The menu includes French classics like Bretonne Complète Crêpe and herb-rubbed Amish chicken. The space features café-style seating, park benches, greenery, and flower stands to recreate an authentic Parisian market atmosphere. Operating hours will be 7 a.m. to 11 p.m. daily.

Caesars Virginia has announced its opening date of December 12, 2024, at noon in Danville, Virginia. The 587,000 square foot casino resort will feature over 90,000 square feet of gaming space, including nearly 1,500 slots, 79 live-action table games, and 48 electronic table games. The property includes a 320-room hotel tower, 50,000 square feet of meeting space, and various dining options including Ramsay's Kitchen by Gordon Ramsay. Since opening its temporary facility in May 2023, the operation has contributed over $66 million in gaming taxes to Danville and The Commonwealth. The resort plans to employ more than 1,200 team members upon opening.

Caesars Entertainment (NASDAQ: CZR) has announced an agreement to sell the LINQ Promenade to a joint venture between TPG Real Estate and Acadia Realty Trust's Investment Management Platform for $275 million. The transaction is expected to close during the fourth quarter 2024, subject to customary approvals and closing conditions. The company's CEO, Tom Reeg, stated that this non-core asset sale will help accelerate their debt reduction goals.