Caesars Entertainment (CZR) - NASDAQ
  • Fri, Jul. 1, 12:42 PM
    | Fri, Jul. 1, 12:42 PM | 17 Comments
  • Wed, Jun. 15, 2:05 PM
    • Caesars Entertainment (CZR +9.6%) pops after a bankruptcy judge halts all lawsuits until against the company on a temporary basis. The injunctive relief runs through August 29.
    • "There better be some talking and it better be fast," said Judge Goldgar about the narrow window he gave the company to work out settlement deals.
    • Caesars faces over $11B in combined claims from bondholder lawsuits, but will aim for a much lower amount in settlement talks.
    | Wed, Jun. 15, 2:05 PM | 5 Comments
  • Tue, Jun. 7, 2:57 PM
    • Shares of Caesars Entertainment (CZR +4.6%) stay on their upward track.
    • The extended rally has continued even with a casino workers union calling a REIT plan from Caesars very risky. The issue has also been teed up by some Congressman who think Caesars' REIT play would defeat the purpose of the investment vehicle.
    | Tue, Jun. 7, 2:57 PM | 4 Comments
  • Mon, May 16, 8:08 AM
    • Caesars Entertainment (NASDAQ:CZR) has several offers in hand for its interactive unit, according to reports.
    • The company is in the process of evaluating the bids for Caesars Interactive Entertainment which are believed to top $4B.
    • Shares of Caesars are up 2.45% premarket to $7.11 vs. a 52-week trading range of $3.30 to $10.61.
    | Mon, May 16, 8:08 AM | 4 Comments
  • Thu, Apr. 7, 9:28 AM
    • Shares of Wynn Resorts (NASDAQ:WYNN) are flying in premarket trading as investors wake up to the news that Steve Wynn has plans for expansion in Las Vegas.
    • The company's decision to go the Disney direction (attractions, entrance tickets, fireworks) with its new project on the Strip could turn out to be a turning point in Las Vegas history (similar to Wynn's Mirage gamble in the early 1990s), say some analysts. Watch for reactions from Caesars Entertainment (NASDAQ:CZR) and MGM Resorts (NYSE:MGM) as Vegas pushes the family entertainment destination angle. MGM's new 20K-seat arena is also a factor in that shift.
    • During last night's presentation to investors, Wynn Resorts also updated on resorts in Cotai and Boston. Also of note, the company says it's targeting a debt-to-property EBITDA ratio of 3X by 2019 from 5.8X last year. That could please investors looking for the company to reign in interest costs.
    • Previously: Wynn Resorts plans major Strip project (April 7)
    • WYNN +6.1% premarket to $95.15.
    | Thu, Apr. 7, 9:28 AM | 7 Comments
  • Wed, Mar. 16, 9:01 AM
    • Caesars Entertainment (NASDAQ:CZR) is already out with a challenge to the 1,700 page report issued by a court-appointed examiner. The company maintains that all asset transfers were appropriate.
    • "Despite these disagreements, Caesars Entertainment has agreed to contribute substantial and appropriate value to creditors in settlement of those issues as part of the plan of reorganization that is currently on file," reads the response from Caesars.
    • Shares of Caeasers are down -16.53% to $6.01. Caesars Acquisition Company (NASDAQ:CACQ) is also on watch today for volatility.
    | Wed, Mar. 16, 9:01 AM
  • Fri, Feb. 26, 12:26 PM
    • Casino stocks are churning higher today as the mix of macroeconomic news and earnings reads continues to lean to the favorable side.
    • Earlier today, casino industry supplier Scientific Games reported earnings which included a solid increase in gaming machine shipments by the company to U.S. and Canadian customers (+12% pro forma w/Bally's acquisition factored in).
    • Gainers include Caesars Entertainment (CZR +11.1%), Boyd Gaming (BYD +7.5%), Isle of Capri Casinos (ISLE +3.2%), MGM Resorts (MGM +3.3%), Wynn Resorts (WYNN +2.9%), and Penn National Gaming (PENN +1.8%).
    • The Market Vectors Gaming ETF (NYSEARCA:BJK) is up 1.1%, compared to a flat S&P 500 Index.
    • Related: Casino Stocks Are Coming Up Aces (Feb. 23 2016)
    • Related: March Madness In Las Vegas: More Proof That Gaming Has Become An Event Driven Industry (Feb. 26 2016)
    | Fri, Feb. 26, 12:26 PM | 6 Comments
  • Thu, Jan. 21, 10:11 AM
    • Caesars Entertainment (NASDAQ:CZR) is down 9.1% to $5.70 after reports emerge that a report from a court-appointed bankruptcy examiner will allege the company made fraudulent asset transfers.
    • The report is expected to be released in the middle part of February with some information and names redacted.
    • Previously: NY Post: Caesars Entertainment to be slammed in examiner report (Jan. 21 2016)
    | Thu, Jan. 21, 10:11 AM | 1 Comment
  • Wed, Jan. 20, 10:40 AM
    • Casino stocks are getting battered as the cases for revenue recoveries in Macau and Las Vegas start to crumble. Analysts note that the correlation between stock market turmoil and a drop in VIP casino traffic is hard to ignore.
    • Major losses are being racked up by Wynn Resorts (WYNN -10.1%), Melco Crown (MPEL -9.7%), MGM Resorts (MGM -9.5%), Las Vegas Sands (LVS -8.7%), Caesars Entertainment (CZR -8.3%), Boyd Gaming (BYD -8.2%), Century Casinos (CNTY -7.6%), Pinnacle Entertainment (PNK -6.8%), and Penn National Gaming (PENN -6.1%).
    • Related ETF: BJK.
    | Wed, Jan. 20, 10:40 AM | 10 Comments
  • Sep. 24, 2015, 12:40 PM
    | Sep. 24, 2015, 12:40 PM
  • Sep. 24, 2015, 11:46 AM
    • Talks between Caesars Entertainment (CZR -14.3%) and a committee of junior bondholders have stalled, sources tell Bloomberg.
    • The company is also facing stiff resistance from private equity backers Apollo and TPG Capital Management - two powerful players that want to hold a significant stake in the parent company.
    • Shares of Caesars are down 26% over the last five sessions as a settlement outside of more court battling appears unlikely.
    • Caesars Acquisition Company (CACQ -7.1%) is also fading.
    | Sep. 24, 2015, 11:46 AM
  • Aug. 24, 2015, 10:00 AM
    | Aug. 24, 2015, 10:00 AM
  • Aug. 21, 2015, 12:45 PM
    | Aug. 21, 2015, 12:45 PM
  • Aug. 18, 2015, 2:53 PM
    • There's another fork in the road for the Caesars Entertainment (CZR -1.5%) bankruptcy reorganization quest.
    • The company disclosed in a SEC filing that talks broke off with lenders due to negotiations grinding to a standstill on key matters.
    • A deadline of November 15 is on the calendar for a new Caesars reorganization plan to be filed with the bankruptcy court.
    • Shares of Caesars Acquisition Corp (CACQ -5.5%) are trade with volatility off the developments with the holding company.
    • SEC Form 8-K
    | Aug. 18, 2015, 2:53 PM
  • Aug. 5, 2015, 3:02 PM
    | Aug. 5, 2015, 3:02 PM
  • Jul. 24, 2015, 5:40 PM
    • Top gainers, as of 5.25 p.m.: CZR +6.8%. BBG +6.3%. PX +4.9%. IXYS +4.8%. SFUN +4.3%.
    • Top losers, as of 5.25p.m.: GG -3.3%. CENX -3.1%. FNV -3.1%. CLD -2.5%. CDE -2.4%.
    | Jul. 24, 2015, 5:40 PM | 7 Comments
Company Description
Caesars Entertainment Corp. is a diversified casino-entertainment company. The company operates its business through its wholly owned subsidiary, Caesars Entertainment Operating Company, Inc. It owns an online gaming business, which provides real money casino, bingo and poker games in the United... More
Sector: Services
Industry: Resorts & Casinos
Country: United States