Streetbeat News

CZR

Caesars Entertainment, Inc.

https://www.caesars.com

Industry

Gambling, Resorts & Casinos

Caesars Entertainment, Inc. operates as a gaming and hospitality company in the United States. The company operates casinos comprising poker, keno, and race and online sportsbooks; dining venues, bars, nightclubs, and lounges; hotels; and entertainment venues. It also provides staffing and management services; accessories, souvenirs, and decorative items through retail stores; and online sports betting and iGaming services. As of December 31,2021, the company owned, leased, and managed 52 domestic properties in 16 states, consisting of approximately 55,700 slot machines, video lottery terminals, and e-tables; 2,900 table games; and 47,700 hotel rooms. Caesars Entertainment, Inc. was founded in 1937 and is based in Reno, Nevada.

Open

38.90

Mkt cap

7.9B

Volume

5.7M

High

38.96

P/E Ratio

-22.05

52-wk high

50.51

Low

36.92

Div yield

N/A

52-wk low

31.74

Jim McIngvale, known as Mattress Mack, has placed a $1 million bet on the Houston Cougars to win the 2024 NCAA Men's Basketball Tournament with Caesars Entertainment. The bet was made at odds of +750, and Houston is now a +550 favorite at DraftKings. The tournament's broadcast rights are shared between Warner Bros. Discovery and Paramount Global, with games aired on various channels and streaming platforms. A Houston win could significantly impact Caesars Entertainment due to the large bet.

Portfolio Pulse from Chris Katje

March 20, 2024 | 8:55 pm

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable movements in stocks like RIVN, CZR, TSLA, PDD, PLNT, AMZN, GES, F, YUMC, and HD. The activity ranged from bullish to bearish sentiments, involving both call and put options across various expiration dates and strike prices. This could indicate potential trading opportunities based on the whales' movements.

Portfolio Pulse from Benzinga Insights

March 20, 2024 | 5:35 pm

Today's session highlighted significant options activity for 10 consumer discretionary stocks, indicating varied sentiments among traders. Notable activity included bearish puts on BABA and NKE, bullish puts on CVNA, SBUX, and LOW, and a bearish call on MCD. This activity, tracked by Benzinga's options scanner, suggests traders are actively seeking opportunities based on market estimations diverging from normal values.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 5:35 pm

Today's session highlighted significant options activity in the Consumer Discretionary sector, with notable trades on TSLA, AMZN, ROST, CVNA, CZR, GCT, ETSY, WYNN, PDD, and F. The activity ranged from bullish to bearish sentiments, involving both call and put options with various expiration dates and strike prices. This unusual options activity could indicate potential trading opportunities based on the sentiments and movements of large investors, known as 'whales'.

Portfolio Pulse from Benzinga Insights

March 15, 2024 | 5:35 pm

Today's whale activity in the Consumer Discretionary sector highlighted unusual options trading for several companies. Notably, bullish sentiment was observed in TSLA, CZR, JD, and BABA call options, while bearish sentiment was seen in NIO and EBAY call options, and VFC, WSM, ABNB, and CAL put options. The trades varied in expiration dates, strike prices, and total trade prices, indicating diverse strategies and expectations from large investors.

Portfolio Pulse from Benzinga Insights

March 12, 2024 | 5:35 pm

Caesars Sportsbook, operated by Caesars Entertainment, Inc. (NASDAQ:CZR), has expanded its mobile sports wagering to statewide in North Carolina, building on its initial offering on Eastern Band of Cherokee Indians Tribal Lands and at Harrah's Cherokee Casino Resort and Harrah's Cherokee Valley River Casino & Hotel. The expansion allows sports fans 21 and older across the state to place mobile sports wagers via the Caesars Sportsbook app or desktop. The launch is part of Caesars' ongoing partnership with the Eastern Band of Cherokee Indians and integrates with Caesars Rewards, offering users rewards for their wagering activity. The app features a wide range of betting options, including live betting and streaming of NFL games. Caesars is also emphasizing Responsible Gaming education with its 21+ policy as it expands into more jurisdictions.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 4:12 pm

Caesars Entertainment, Inc. (NASDAQ:CZR) and the NHL have renewed their partnership, extending Caesars' role as a Sports Betting and Gaming Partner. The new agreement includes access to NHL intellectual property for creating NHL-branded iCasino games on Caesars Digital platforms, exclusive Caesars Rewards member experiences, and enhanced visibility during NHL broadcasts. The partnership emphasizes responsible gaming and leverages the NHL's fan engagement to offer unique experiences and rewards through Caesars Sportsbook and Caesars iCasino platforms.

Portfolio Pulse from Benzinga Newsdesk

March 07, 2024 | 1:38 pm

Caesars Entertainment, Inc. (NASDAQ:CZR) has launched the first legalized mobile sports betting in North Carolina through its Caesars Sportsbook app, in partnership with the Eastern Band of Cherokee Indians. The app is now live on tribal lands and will roll out statewide on March 11, pending regulatory approval. The launch includes special offers for early registrants and integrates with the Caesars Rewards program for added benefits. Caesars emphasizes responsible gaming with a 21+ policy and comprehensive training for its team members.

Portfolio Pulse from Benzinga Newsdesk

March 01, 2024 | 6:14 pm

In the first two months of 2024, Nvidia Corp. led S&P 500 stocks with a 60% gain, but other stocks also saw significant returns. The S&P 500 Equal Weight ETF (RSP) and SPDR S&P 500 ETF Trust (SPY) posted gains of 3% and 7%, respectively. Top performers included Constellation Energy, Meta Platforms, and Advanced Micro Devices, among others. Wall Street analysts see upside potential in stocks like Uber Technologies and Catalent. The VanEck Social Sentiment ETF (BUZZ) highlights stocks favored by social media, including Coinbase and MicroStrategy.

Portfolio Pulse from Piero Cingari

February 29, 2024 | 9:58 pm

Morgan Stanley analyst Stephen Grambling has maintained an Equal-Weight rating on Caesars Entertainment (CZR) but lowered the price target from $45 to $44.

Portfolio Pulse from Benzinga Newsdesk

February 28, 2024 | 5:44 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.