Monksdream
1 year ago
Caesars Entertainment Inc NASDAQ: CZR
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Consumer Discretionary : Hotels, Restaurants & Leisure | Mid Cap BlendCompany profile
Caesars Entertainment, Inc. is a diversified gaming and hospitality company. The Company operates through four segments: Las Vegas, Regional, Caesars Digital, and Managed and Branded. It is focused on casino properties’ gaming operations, including retail and online sports betting, as well as online gaming, and it utilize its hotels, restaurants, bars, entertainment, racing, retail shops and other services to attract customers to its properties. It owns, leases or manages an aggregate of over 51 domestic properties in 16 states with approximately 52,800 slot machines, video lottery terminals and e-tables, approximately 2,800 table games and over 47,200 hotel rooms. It also operates and conducts sports wagering across 28 states and domestic jurisdictions, 20 of which are mobile for sports betting, and operates regulated online real money gaming in over six states. Its subsidiaries include 1300 WSED, LLC, 1301 WSED, LLC, 1400 WSED, LLC, 3535 LV Corp. and 3535 LV Newco, LLC.
Norton1973
3 years ago
CZR, Largest Gambling Company in the World. 1.) Caesars Entertainment Revenue: $3.47 billion Stock ticker: CZR (NASDAQ)Headquarters: Reno, Nevada, United StatesNumber of employees: 21,000 Founded: 1996
Caesars Entertainment is one of the largest gambling companies online and in retail. The company rebranded from Eldorado Resorts in the wake of its acquisition of Caesars, the namesake brand which it acquired for $17 billion in stock and cash. The deal was completed in July 2020.
Presently, Caesars Entertainment’s revenue is estimated at $3.47 billion with 21,000 employees globally. Caesars owns numerous brands, including Eldorado, Harrah’s, Horseshoe, Tropicana.
Caesars Entertainment is an S&P 500’s company and currently trades on NASDAQ under the CZR stock ticker.
Norton1973
3 years ago
CZR, 'Hail Caesars'...Physical presence: Caesars has the most retail locations in the U.S., and that’s both inside and outside states where it has market access (or possible access) via its existing casino footprint.
It launched the nation’s first sportsbook inside a professional sports facility at Capital One Arena in Washington, D.C., a property that is converting to a Caesars Sportsbook (but for mobile bettors will be Caesars Sportsbook by William Hill); it’s slated to open a sportsbook adjacent to Chase Field in Arizona later this year; and it opened the very first sportsbook in New Jersey at Monmouth Park Racetrack in June 2018.
Caesars also recently acquired $naming $rights to the Superdome in Louisiana, and in 2018 also became the first founding partner with the Las Vegas Raiders at Allegiant Stadium. Following an NFL season largely devoid of fans due to the pandemic, the Raiders plan to play before sold-out crowds this season.
After rename to Caesars Sportsbook/William Hill scooped up a bevy of sportsbooks throughout the Las Vegas Strip over the past several years, Caesars now rivals MGM Resorts for the broadest Sin City imprint.
NFL announces deal with Caesars Entertainment as the league's first official casino partner!
Norton1973
3 years ago
CZR, Caesars...Caesars Sportsbook launches with awesome $5,000 bonus | amNewYork
https://www.google.com/amp/s/www.amny.com/sports/caesars-sportsbook-launches-with-awesome-5000-bonus/amp/
Posted By Brad Allen on August 4, 2021
Caesars pledged to invest $1 billion in its digital business over the next two and a half years, as it seeks to climb into the top-tier of US sports betting.
The company relaunched its Caesars Sportsbook on Monday on new technology following the William Hill acquisition.
On Tuesday, CEO Tom Reeg said the entire organization was ready to “lean into the vertical.”
Caesars going big on sports betting
That effort includes major investment, a nationwide marketing campaign, and a frontline worker effort.
“We are activating the entire enterprise,” Reeg said at the company’s Q2 earnings.
“We are activating our player development teams across the organization to sign up new accounts. We’ve got 54,000 salespeople in our company that work with customers every day that can open accounts.”
Invest big to win big?
Reeg said the digital business at maturity could generate $500 million to $1 billion EBITDA a year.
Caesars Entertainment CEO on earnings, outlook and launching sportsbook
Tom Reeg, Caesars Entertainment CEO, joins CNBC’s “Squawk on the Street” to discuss the gaming company’s latest earnings results. Caesars reported earnings of 34 cents per share, beating analysts’ estimates by 52 cents, and revenue of $2.5 billion, also beating expectations. The company attributed its growth to a strengthening of the Las Vegas market as well as continued strength in regional markets.
WED, AUG 4 202111:18 AM EDT
Norton1973
3 years ago
$CZR, Caesars CEO Tom Reeg, "So we're still missing group business in Las Vegas. We still see plenty of opportunity in the portfolio in terms of areas where we could tighten up.
So if you think about it in broad terms, I've got to do about $4.5 billion of EBITDA out of the bricks-and-mortar business to be $10 a $share in $free $cash $flow. I told you that we're significantly in excess of that at the current run rate, and we see further upside from there.
" Tom Reeg, " -- if you start in May, May was the best month in the history of Las Vegas for Caesars from an EBITDA perspective. June was better than May, and then July was better than June. And I would expect that third quarter occupancy will finish significantly ahead of second quarter's 89%." Tom Reeg, "So we fully expect to remain in the low to mid-90s of $occupancy in Vegas through this current situation with the Delta variant."
Norton1973
3 years ago
A few days ago ....An Industry First, William Hill Sportsbook Officially Opens at Capital One Arena in Washington, D.C.
May 26 2021 - 12:10PM
PR Newswire (US)
WASHINGTON, May 26, 2021 /PRNewswire/ -- Marking a major milestone in American sports history, the William Hill Sportsbook at Monumental Sports & Entertainment's Capital One Arena officially opened today, becoming the first ever sports betting venue to open within a U.S. professional sports facility.
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TheFinalCD
1 year ago
