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Business
January 3, 2025
Disappointing Online Betting Results Hamper Caesars’ Q4 Outlook
J.P. Morgan analyst Joseph Greff has adjusted Caesars’ Q4 Las Vegas Strip cash flow estimate to $485 million from $499 million, highlighting several negative factors that hurt revenues. However, this new estimate still marks a strong result considering Q4 2023’s $489 million figure. Greff also adjusted his price target for Caesars’ shares, lowering it from […]
Business
December 13, 2024
Caesars Completes LINQ Promenade Sale, Repays Debt
American casino and hospitality giant Caesars Entertainment announced that it has completed the sale of its LINQ Promenade in Las Vegas. The sale of this Las Vegas asset was announced earlier this year and aligned with the casino and hospitality giant’s debt reduction goals. Caesars Used the Money for a Debt Prepayment Caesars agreed to […]
Casino
December 5, 2024
New York Teachers’ Union Rejects Caesars’ Casino Plans
The New York’s most influential teachers’ union, the United Federation of Teachers (UFT), has strongly rejected Caesars’ Times Square casino plans. Representatives of the union argued that the property, which is set to be located in the heart of Broadway, would undermine the famous theater district. The UFT Wants to Protect Broadway In an interview […]
Casino
November 8, 2024
Caesars Virginia to Open in December, Marking New Chapter for Danville
Excitement grows as Caesars Virginia gets ready to welcome guests on December 12, 2024, at 12 p.m. This big step will boost Southern Virginia’s hospitality and gaming scene, thrilling locals and tourists. Caesars Virginia Brings 90,000 Sq. Ft. of Gaming and 320-Room Luxury Hotel to Danville The massive 587,000-square-foot casino resort has over 90,000 square […]
Business
October 30, 2024
Caesars Q3 Impacted by Competition and Market Headwinds
Caesars Entertainment has published its financial report for the third quarter of 2024 (Q3) and has highlighted a slight decline in the company’s performance. The operator’s assets in Las Vegas and other US regions recorded suboptimal year-to-date metrics amid market headwinds. The Company’s Regional Business Was Impacted by Headwinds Caesars’ net revenue for the period […]
Business
October 30, 2024
Caesars Closes WSOP Brand Sale, Transfers Rights to NSUS
Caesars Entertainment confirmed that it has closed the sale of its intellectual property rights for the World Series of Poker brand. The historic transaction will retain Caesars right to host WSOP events but will see the brand rights transferred to NSUS Group. Caesars Will Retain Some Rights As previously announced, the WSOP brand rights will […]
Business
October 30, 2024
Caesars Accelerates Debt Reduction Goals with LINQ Promenade Sale
The leading casino entertainment company with a solid presence across the United States, Caesars Entertainment, announced it has entered into a definitive agreement to sell one of its Las Vegas assets. Caesars Agrees to Sell the LINQ Promenade Details regarding the sale emerged Tuesday with the company confirming its intention to divest the LINQ Promenade, […]
Industry
October 29, 2024
TikToker Challenges Las Vegas Buffets’ Stay Limits
Thanks to smartphones and social media, people planning their vacation can search for particular venues and see if they will like it even before visiting. That’s the case thanks to influencers who review places of interest, from tourist attractions to bars, restaurants and even hotels and casinos. TikToker Reviews Two Buffets in Las Vegas Now, […]
Legal
October 23, 2024
Lawsuit Claims Excessive Alcohol Led to Woman’s Death at Caesars Indiana
A recently filed lawsuit against Caesars Southern Indiana Hotel & Casino claims wrongful death and seeks tens of thousands in damages. The Legal Case Claims Negligence, Wrongful Death The case dates back to March this year when one patron visited the popular gaming and entertainment venue in Southern Indiana. The visitor, identified as Michelle Kelley, […]
Industry
October 14, 2024
Taylor Swift to Bolster Caesars’ 2024 Prospects
Caesars Entertainment remains bullish about its prospects, buoyed by upcoming major events and ongoing strategic projects. One of the most significant drivers of optimism is the substantial financial boost from Taylor Swift’s concerts in New Orleans this October. Demand for accommodations and services is at an all-time high, and Caesars expects the concerts to bring […]
