Caesars Entertainment Inc Stock Price, News & Analysis

Caesars Entertainment (NASDAQ: CZR) has completed the acquisition of WynnBET's Michigan iGaming operations. The deal includes a long-term extension of iGaming market access rights with the Sault Ste. Marie Tribe of Chippewa Indians. Caesars will continue using the WynnBET brand, ensuring no disruption for customers. The acquisition is expected to boost Caesars' iCasino net revenue and improve EBITDA.

In the second half of 2024, Caesars plans to launch a new online casino brand and transition WynnBET's operations to its own Michigan iGaming platform, subject to regulatory approval.

Caesars Entertainment, the largest casino-entertainment company in the U.S., has published its 2023 Corporate Social Responsibility (CSR) report. The report outlines significant progress in environmental impact, diversity, equity, and inclusion initiatives, community investment, and team member development. Key achievements include surpassing emission reduction goals three years ahead of schedule and setting a new goal of a 46.2% reduction by 2030 from a 2019 baseline. Other highlights include the expansion of the 'Caesars Makes Change' program, which donated over $1.25 million in 2023, and the launch of a leadership development tool for team members, resulting in more than 3,100 completed learning programs.

The 55th annual World Series of Poker (WSOP) has officially commenced at Paris Las Vegas and Horseshoe Las Vegas, featuring Vegas Golden Knights champion Jonathan Marchessault delivering the opening "Shuffle Up & Deal." The 2024 series started with the Champions Reunion No-Limit Hold’em Freezeout, featuring a $5,000 buy-in and special entries for players eliminating former Main Event champions. The series runs from May 28 to July 17, 2024, with the Main Event beginning on July 3 and concluding on July 17. Last year’s Main Event set a record with 10,043 entrants and a $12.1 million prize for the winner, Daniel Weinman. The WSOP, part of Caesars Entertainment, continues its tradition of awarding prestigious gold bracelets and substantial prize money, with the 2023 series having attracted 214,641 participants from 114 countries and awarding over $403 million.

Caesars Entertainment and the World Series of Poker (WSOP) have launched WSOP Online, the first poker platform to pool players from Michigan, Nevada, and New Jersey. This historic move rebrands WSOP.COM and introduces improved functionality, including mobile capabilities, new tournaments, and larger prize pools. Effective immediately, players in Nevada and New Jersey must pre-register to transition their accounts to the new platform. The launch coincides with the 55th WSOP event starting on May 28, which features 30 online bracelet events and hybrid tournaments that conclude with live final tables in Las Vegas. Promotions include a $100,000 freeroll for deposits made from May 28 to June 29.

Paris Las Vegas is set to open Dominique Ansel Marché in fall 2024, expanding its partnership with James Beard Award-winning pastry chef Dominique Ansel. Following the success of Dominique Ansel Las Vegas at Caesars Palace, the new venue will feature fresh croissants, made-to-order crêpes, seasonal tarts, cakes, ice cream, and savory items like rotisserie chicken. The 5,000 sq ft space will offer café and park bench seating for 50 guests, enhancing the Parisian market ambiance with greenery, trees, and flower stands. This opening coincides with Paris Las Vegas' 25th anniversary and its ongoing culinary evolution.

On September 7, 2023, Caesars Entertainment's loyalty program, Caesars Rewards, experienced a significant data breach.

Over 65 million members had their personal information, including names, birth dates, Social Security Numbers, and driver’s license details, compromised.

Levi & Korsinsky LLP is investigating potential compensation for affected customers.

Individuals who received a notification about the breach may be eligible for compensation.

The law firm is offering its services on a contingency basis, meaning they only get paid if the affected members are compensated.

For more information, affected members can visit the firm's website.

Caesars Entertainment has opened its first property in Nebraska, Harrah's Columbus, NE Racing & Casino. The grand opening featured a ribbon-cutting ceremony, giveaways, and the first bets at the casino. The new facility includes a 17,000-square-foot casino floor with 400 slot machines, 11 table games, and a Caesars Race & Sportsbook, which marked its debut in Nebraska. The property also houses the Brew Brothers restaurant and the Wishbones bar. A Marriott hotel is under construction nearby, scheduled to connect to the casino later this year. Additionally, the venue will feature a one-mile racetrack hosting live races from August 16 to September 15. Harrah's Columbus is part of the Caesars Rewards network, allowing guests to earn and redeem credits at over 50 properties across North America.

On September 7, 2023, Caesars Rewards, a loyalty program under Caesars Entertainment (NASDAQ: CZR), experienced a major data breach, exposing the personal information of over 65 million members. The compromised data includes names, birth dates, Social Security Numbers, and driver's license information. Levi Korsinsky, LLP is investigating potential compensation for affected customers. Members who received a breach notification may qualify for compensation. Levi & Korsinsky is a renowned consumer advocacy law firm with a successful track record in recovering funds for clients.

Four Seasons Hotel St. Louis, in partnership with Horseshoe St. Louis, has launched Ramsay's Kitchen By Gordon Ramsay, marking the renowned chef's first restaurant in St. Louis. Located on the hotel's eighth floor, the restaurant offers stunning views of the Gateway Arch and Mississippi River, seating over 250 guests. The menu features signature dishes like Beef Wellington, Crispy Skin Salmon, and STL Style Ribs, along with a variety of handcrafted cocktails.

Designed by AO, the restaurant boasts a warm and sophisticated ambiance, celebrating both Ramsay's culinary style and local culture. The seasonal outdoor RK Bar offers a cozy setting centered by a fire pit and water feature. Ramsay's Kitchen is now open for breakfast, lunch, and dinner, with reservations available on OpenTable.