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

40.72

Mkt cap

8.8B

Volume

1.5M

High

41.76

P/E Ratio

-24.63

52-wk high

50.51

Low

40.70

Div yield

N/A

52-wk low

31.74

Caesars Entertainment (CZR) reported Q4 2023 GAAP EPS of $(0.34), missing the $(0.07) estimate by 385.71%. Quarterly sales were $2.83 billion, slightly below the $2.85 billion estimate, marking a 0.32% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:02 pm

Caesars Entertainment (NASDAQ:CZR) reported Q4 sales of $2.83 billion, missing the analyst consensus estimate of $2.85 billion by 0.68%. This represents a 0.32% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 20, 2024 | 9:01 pm

US stocks are poised for a weaker open influenced by mixed retail earnings, with Home Depot reporting a sales decline and Walmart rising after acquiring VIZIO and posting solid results. Nvidia's upcoming earnings are highly anticipated, given its expected AI-driven growth. Last week's inflation reports led to a market pullback, ending a five-week winning streak for major indices. Discover Financial surged in premarket trading after an acquisition announcement, while GLOBALFOUNDRIES and Intel saw gains from government subsidies. SSR Mining's stock fell due to a temporary suspension of search and rescue activities.

Portfolio Pulse from Shanthi Rexaline

February 20, 2024 | 12:40 pm

Earnings reports for various companies are scheduled for February 20, 2024, with a mix of projected earnings and losses across different sectors. Notable companies include Walmart, Home Depot, Medtronic, and Barclays, among others, with expectations ranging from significant profits to losses per share.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 11:52 am

Caesars Entertainment (NASDAQ:CZR) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $-0.04. The company's past earnings performance shows mixed results, with the last quarter beating estimates but resulting in a 1.05% drop in share price. Over the last year, CZR shares have declined by 17.01%, indicating a bearish sentiment among long-term shareholders. Investors will be closely watching for not only the earnings results but also the company's guidance for future growth.

Portfolio Pulse from Benzinga Insights

February 19, 2024 | 3:01 pm

David Tepper's Appaloosa Management adjusted its Q4 2023 portfolio, entering positions in Oracle and ARK Innovation ETF, boosting stakes in Amazon, Alibaba, and Microsoft, while reducing semiconductor stocks like AMD, Intel, and Qualcomm. The fund also diversified into home improvement and exited positions in Arista Networks and Enterprise Products Partners.

Portfolio Pulse from Surbhi Jain

February 15, 2024 | 8:14 pm

A bettor placed a $2 seven-leg parlay at Caesars Entertainment (CZR) with potential winnings of $171,640.03 if all bets hit. Five out of seven bets have won, with only Connecticut and Duke's NCAA basketball championship wins remaining. The odds for these teams have worsened since the bet was placed, according to DraftKings Inc (NASDAQ:DKNG).

Portfolio Pulse from Chris Katje

February 13, 2024 | 10:20 pm

PENN Entertainment acquired a New York mobile sports wagering license from Wynn Interactive for $25 million, aiming to launch ESPN Bet in New York in 2024. This move is part of a strategy to expand ESPN Bet, rebranded from Barstool Sportsbook, across the U.S. with a licensing agreement with Disney. The New York sports betting market, the largest in North America, saw record revenues, with FanDuel, DraftKings, Caesars Entertainment, and BetMGM leading in January.

Portfolio Pulse from Chris Katje

February 13, 2024 | 6:35 pm

Super Bowl LVIII's 30-second TV commercial costs have soared to $7 million, a 185x increase since the first Super Bowl in 1967. This reflects the high value companies place on the event's massive viewership, which continues to dominate ratings. The 2023 Super Bowl attracted 113 million viewers, a six-year high. The upcoming game, with potential record-breaking viewership due to Taylor Swift's involvement, is expected to see $1.5 billion in wagers, 35% higher than last year. Companies like MGM Resorts International, Caesars Entertainment, PENN Entertainment, DraftKings, Flutter Entertainment's FanDuel, and Wynn Resorts are highlighted as potential beneficiaries of the increased attention and betting activity.

Portfolio Pulse from Chris Katje

February 09, 2024 | 9:54 pm

A bettor at Caesars Sportsbook (NASDAQ:CZR) placed a $100 bet on the Kansas City Chiefs scoring exactly two points in Super Bowl LVIII, with odds of 10,000 to 1, potentially winning $1 million. This unique bet is considered highly unlikely given the Chiefs' scoring history and the rarity of safeties in Super Bowl history. DraftKings Inc (NASDAQ:DKNG) has the 49ers favored by two points with an over/under of 47.5 points. Super Bowl LVIII will be broadcasted by CBS and Nickelodeon, and streamed on Paramount+, all owned by Paramount Global Inc (NASDAQ:PARA)(NASDAQ:PARAA).

Portfolio Pulse from Chris Katje

February 08, 2024 | 9:34 pm

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