Caesars Entertainment drops after announcing stock offering

Shares of Caesars Entertainment (CZR) fall after the company announces an offering of 10M new shares.

The company says underwriter will have the option to purchase up to 1.5M additional shares.

CZR -5.5% premarket.

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Comments (1)
  • User 11647791
    , contributor
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    Caesars is loosing customers every day due to being cheap. Now with all the competition, you would think they would try and market themselves. I am talking about Atlantic City. Caesars in Vegas is also ignoring the market base. Like First American Bank changing their name to have a better perceived image as Wachovia; Caesars is still basically Harrahs, and the name change without smart management is still bad for investors. If Eddie, who was an idiot changed his name to Albert; would he be any smarter ? I rest my case...
    26 Sep 2013, 09:10 AM Reply Like
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