Shares of Caesars Entertainment (CZR +32.7%) soar as investors bet the company's new growth...

|About: Caesars Entertainment (CZR)|By:, SA News Editor

Shares of Caesars Entertainment (CZR +32.7%) soar as investors bet the company's new growth venture will help set it on a path to return to profitability. Unlike larger peers, Caesars lacks a presence in Macau to help it ride out sluggish growth in Las Vegas - but flush with $500M in funding from big-name partners, the new JV could tiptoe into new growth areas.