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Casino
March 8, 2024
Caesars Entertainment Welcomes Celebrity Chef to Two of Its Venues
Caesars Entertainment is ready to elevate its culinary offerings by introducing Tortazo, the acclaimed restaurant by Michelin-starred chef Rick Bayless, at two premier destinations within its portfolio. Harrah’s Joliet and Caesars Palace Las Vegas will soon feature the vibrant flavors and culinary excellence of Tortazo, helping them stand out amidst the harsh competition. Tortazo Encapsulates […]
Business
March 8, 2024
Caesars Extends Its Long-Term Deal with the NHL
American gaming and betting veteran Caesars Entertainment announced the renewal of its US-facing partnership with the National Hockey League (NHL). As a result, the operator will continue serving as the league’s official sports betting and gaming partner. The extended partnership will also, for the first time, provide Caesars Digital with access to NHL-owned intellectual property, […]
Business
February 21, 2024
Evolution Strengthens NA Partnership with Caesars Digital
B2B online casino services provider Evolution has unveiled a new strategic agreement with Caesars Entertainment’s online arm, Caesars Digital. Under the deal, the companies will reinforce and expand their existing partnership in North America. The former company referred to the deal as a “groundbreaking partnership,” saying that Evolution and Caesars will work together to establish […]
Business
February 21, 2024
Caesars to Acquire WynnBET’s Michigan iGaming Operations
The leading betting and gaming operator, Caesars Entertainment, announced an important acquisition, allowing it to significantly strengthen its footprint in one of the six online gambling markets across the United States. On Tuesday, the company confirmed the acquisition of WynnBET’s Michigan iGaming operations. In other words, Caesars acquired the company’s online gambling operations in the […]
Business
January 25, 2024
Caesars Offers $1.5bn in Bonds, Plans New $2bn Term Loan
The leading hospitality and gaming company, Caesars Entertainment, announced a major financial move Wednesday. The company confirmed in a statement that it plans to sell some $1.5 billion in bonds. The bonds would be available for qualified institutional buyers in a private placement in line with Rule 144A of the Securities Act of 1933. The […]
Business
January 19, 2024
Caesars Entertainment Preliminary Q4 Results Fail to Meet Expectations
Caesars Entertainment (NASDAQ: CZR) provided a preliminary view of its fourth-quarter results in a Form 8-K filing with the Securities and Exchange Commission (SEC), indicating that the company might miss analysts’ EBITDA and sales projections. Likely expecting this development, the company recently announced a new tender offer, hoping to solidify its financial position. Most Metrics […]
Casino
January 16, 2024
Three Industry Giants Battle for Control of Caesars Windsor’s Lucrative License
Three formidable contenders are locked in a fierce competition to secure the coveted license for Canada’s Caesars Windsor. The iconic casino, a cornerstone of Windsor’s economy and tourism for the past three decades, is facing an unprecedented challenge as the Ontario Lottery and Gaming Corp (OLG) reviews proposals from industry giants. Caesars Windsor’s License Sparks […]
Casino
January 11, 2024
Caesars Entertainment Under Analyst Scrutiny as Ratings Diverge
Caesars Entertainment has become a focal point for stock analysts as differing opinions on the company’s future trajectory emerge. JMP Securities Bullish on Caesars with a $65.00 Price Target JMP Securities initiated coverage on January 9, offering an “outperform” rating and setting a $65.00 price target on the stock, reported financial news media outlet Marketbeat. […]
Industry
January 10, 2024
Caesars May Divest Two Properties This Year, Suggests Analyst
Divestment of assets isn’t uncommon for gambling operators across the globe. If a certain digital asset is a burden or a specific property is underperforming, operators often explore a wide range of options, including potential sales or mergers. Currently, the leading gaming and entertainment company, Caesars Entertainment, has four casinos across Indiana. The list of […]
Business
January 10, 2024
Analyst Lowers Price Target on Caesars Stock Due to F1 Performance
In November, the Las Vegas Grand Prix, one of the much-anticipated events for Formula 1 fans, wrapped up. While the event attracted visitors from across the globe, its impact wasn’t as strong as initial expectations, at least for Caesars Entertainment. In a newly released report by CDC Gaming Reports, Joseph Greff, an analyst for J.P. […]
