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 reported its Q2 2024 adjusted EPS at $0.00, missing the estimated $0.13.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:59 pm

Caesars Entertainment continues to forecast 2024 full-year capital expenditures of $800 million, excluding their Danville project.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:15 pm

Caesars Entertainment remains optimistic for the rest of 2024, driven by positive operating trends in its Las Vegas and Caesars Digital segments.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:14 pm

Caesars Entertainment (NASDAQ:CZR) reported Q2 sales of $2.830 billion, missing the analyst consensus estimate of $2.867 billion by 1.28%. This represents a 1.70% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:02 pm

Tech stocks experienced a significant drop ahead of key earnings reports and the Federal Open Market Committee meeting. Nvidia fell over 6%, impacting the semiconductor sector and the iShares Semiconductor ETF. CrowdStrike hit an 8-month low after Delta Air Lines sought compensation for an outage. Microsoft, Apple, Alphabet, and Meta also saw declines. The Nasdaq 100 dropped 1.5%, while the S&P 500 fell 0.8%. The iShares Russell 2000 ETF outperformed tech stocks. Treasury yields remained steady, and gold edged up.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 5:43 pm

Nasdaq and S&P futures rise as traders anticipate earnings from Microsoft and AMD, and the Federal Reserve's rate-setting meeting. Positive sentiment is driven by expectations of rate cuts in September. Key companies reporting earnings include Microsoft, AMD, and others. F5, Inc. jumps in premarket trading, while Rambus, Lattice Semiconductor, and others decline.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 11:27 am

The upcoming week is crucial for tech stocks as major companies like Apple, Amazon, Microsoft, and Meta are set to report their earnings. Last week's earnings were mixed, with Tesla, Alphabet, and STMicroelectronics disappointing investors. However, IBM saw positive reactions due to strong AI bookings. Analysts are optimistic about the tech sector's future, especially with significant AI investments expected. The Invesco QQQ Trust and SPDR S&P 500 ETF Trust showed mixed performance last week.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 10:25 am

Shares of casino and gambling stocks are trading higher following Apollo's acquisition of IGT's Gaming and Digital Business and Everi.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2024 | 4:03 pm

Today's session saw significant options activity in the consumer discretionary sector, with notable trades involving companies like Tesla, Jumia, Caesars Entertainment, eBay, Brunswick, Wayfair, Amazon, Lululemon, Beyond Meat, and Lowe's. These trades, tracked by Benzinga's options activity scanner, indicate varying sentiments from bullish to bearish, potentially impacting the short-term stock prices of these companies.

Portfolio Pulse from Benzinga Insights

July 17, 2024 | 5:35 pm

Caesars Entertainment, Inc. (NASDAQ:CZR) has expanded its mobile sports betting platform, Caesars Sportsbook, across Washington, D.C. This expansion allows sports fans 21 and older to access the app on iOS, Android, and desktop, except on federal lands and areas around other professional sports venues.

Portfolio Pulse from Benzinga Newsdesk

July 17, 2024 | 5:01 pm

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