Caesars Entertainment Corp.

    Website: https://www.caesars.com/

    Caesars Entertainment Corporation (Nasdaq: CZR) is the world’s most diversified casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company.Caesars is mainly comprised of the following three entities: the majority owned operating subsidiary Caesars Entertainment Operating Company, wholly owned Caesars Entertainment Resort Properties and Caesars Growth Properties, in which we hold a variable economic interest.Since its beginning in Reno, Nevada, 75 years ago, Caesars has grown through development of new resorts, expansions and acquisitions and its portfolio of subsidiaries now operate 50 casinos in 13 U.S. states and five countries. Caesars resorts operate primarily under the Caesars, Harrah’s and Horseshoe brand names and Caesars Entertainment in the UK.Caesars builds loyalty and value with guests through a unique combination of great service, unbeatable gaming, hospitality and entertainment offerings, operational and technology excellence and industry-leading corporate citizenship.

    People

    Jason Gastwirth

    President of entertainment

    Jim Hunt

    Jim Hunt is chairman of Caesars Entertainment.

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    Caesars announces that loyalty program grew 20% post-merger

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    Incheon casino construction remains stalled over financing difficulties

    Both Caesars Korea and Mohegan’s Inspire Resort have suspended construction of their facilities in Incheon for months, with no word on when the building will continue. The outlook for the Caesars IR is particularly cloudy.
    Caesars offers to buy William Hill for GBP2.9b

    Caesars offers to buy William Hill for GBP2.9b

    Caesars Entertainment says it’s in advanced talks to buy William Hill for GBP2.9 billion ($3.7 billion) to position itself to take full advantage of the expanding U.S. sports betting market.

    Incheon IR development plans hitting roadblocks

    Ambitious plans to build a cluster of IRs near Incheon Airport are beginning to hit roadblocks as Covid-19 disrupts financing options, according to the Korean media. There are three major facilities in the area: Paradise City, which is already open and operating; the under-construction Inspire Entertainment Resort led by Mohegan Gaming & Entertainment, and the […]

    Nearly all Caesars properties have reopened across the U.S.

    Caesars Entertainment Inc has opened 51 out of 54 properties across the U.S. since mid-May 2020, with only three in Las Vegas remaining closed amid the coronavirus pandemic.  The closures understandably affected the company’s second-quarter operating results, but CEO Tom Reeg said that demand trends since reopening have been stronger than expected.  “Our second-quarter operating […]

    Caesars merger creates largest US casino company

    The effective takeover of Eldorado Resorts of Caesars Entertainment to create a new, merged company under the Caesars name has created the largest casino company in the United States. The blockbuster US$17.3 billion deal was first announced in June 2019, but now all of the regulatory and other hurdles have been overcome. The combined company […]

    Caesars requires masks-on at all times at its properties

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    Casino stocks jump on hopes for stimulus

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    Caesars revenues increase, but swings to a net loss in Q4

    Caesars Entertainment recorded strong operational performance in the fourth quarter of 2019 but swung to a net loss of $304 million due to a change in the fair value of one of its key financial instruments.  During the quarter, Caesar’s net revenue increased 2.6 percent to $2.2 billion, driven by growth in all business verticals, […]

    Shareholders approve Eldorado’s acquisition of Caesars Entertainment

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    Caesars evaluating spend in Korea project: CFO

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    Caesars Q3 results driven by Las Vegas ops

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    Rio All-Suites Hotel

    Caesars sells the Rio for $516.3m

    Caesars Entertainment said it agreed to sell the Rio All-Suite Hotel & Casino to a company controlled by a principal of Imperial Companies for $516.3 million, in a deal that will allow it to focus on its Las Vegas Strip properties.

    Caesars pledges $1 million for RG efforts

    Caesars Entertainment Corporation has honored the 30th anniversary of its Responsible Gaming program by pledging more than $1 million to the National Center for Responsible Gaming and other third-party institutions to help further advance the future of responsible gaming. “Thirty years ago, Caesars Entertainment took the initiative to create the first responsible gaming program, serving […]

    Opinion: Parent company instability undermines Caesars Japan

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    Caesars drops out of Japan IR race

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    Caesars revenue growth not enough to offset Q2 loss

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    Caesars Forum on pace for March 2020 opening

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    Caesars tells staff merger likely to mean job losses

    Caesars Entertainment has told staff that its $17.3 billion merger with Eldorado Resorts will likely result in a reduction in headcount, though it’s too early in the process to give details.

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    Caesars hunts for technological breakthroughs in the IR industry

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    Caesars banks on integrity

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    U.S. ops boost revenue, but 19Q1 net loss increases for Caesars

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    Caesars Entertainment confirmed Tony Rodio as CEO

    Caesars Entertainment Corporation today confirmed that its Board of Directors has named Anthony Rodio as its new chief executive officer. Mr. Rodio, who is currently CEO of Affinity Gaming, will be transitioning to Caesars during the next thirty days. “Tony brings to Caesars a track record of operational excellence, proven leadership, and deep industry knowledge […]

    Caesars expected to name new CEO, ousting Frissora

    Casino operator Caesars Entertainment is reportedly preparing to name a new CEO, Anthony Rodio, to replace Mark Frissora, according to a report from the Wall Street Journal. The news, which is expected on Monday U.S. time, will see Frissora booted from the current CEO helm at Caesars. Rodio is the CEO of Affinity Gaming, and […]

    Six operators remain in Tomakomai IR race

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    Tamaki victory likely closes door on potential Okinawa IR bid

    The victory of the All-Okinawa candidate for governor, Denny Tamaki, would appear to bring to an end any chance that Okinawa Prefecture will join the race to host an IR. Tamaki was the designated successor to the late Governor Takeshi Onaga, who in 2014 turned against the pro-casino policies of his predecessor on the argument […]

    Caesars proposes “100-year” partnership with Japan

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    Twelve firms submit Yokohama IR information

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    Caesars files for trademark protection in Macau

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    IR operators pitch to Tomakomai business leaders

    Several international IR operators have been meeting with members of the Tomakomai Chamber of Commerce & Industry to discuss their bids to partner with this northern Japanese city. At an event attended by about 110 people held Wednesday, Caesars Entertainment and the Clairvest Group made their pitches to the local business community. The Caesars presentation […]

    Caesars ups share repurchase to $750m

    Caesars Entertainment Corp said its board of directors have increased its share repurchase authorization to $750 million common shares, a $250 million increase from the initial plan announced in May.

    Caesars breaks ground on $375 mln conference center

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    Magazine accuses Caesars of making “illegal donations” to politicians

    Japan’s largest weekly news magazine by circulation, Shukan Bunshun, has published an article accusing Caesars Entertainment of engaging in a practice which they contend effectively amounts to the bribery of Japanese politicians, but which Caesars argues is an accepted and legal practice. The substance of the allegation is that an advisor to Caesars Entertainment bought […]

    Celine Dion performs in Tokyo as part of Caesars’ IR campaign

    Canadian pop singer Celine Dion performed a sold out, two-hour show in Tokyo on June 26, her first appearance in Japan in about a dozen years, as part of Caesars Entertainment’s campaign to win one of the three IR licenses that will be up for grabs after the expected passage of the IR Implementation Bill […]

    Caesars scouts Japanese entertainment market

    Jason Gastwirth, Caesars’ president of entertainment, confirmed in an exclusive interview with Asia Gaming Brief that he has entered into “initial discussions” with Japanese talent agencies and related groups to explore possible cooperation regarding programming at a potential theater for a Caesars IR in Japan.

    Caesars to offer resort licensing and brand opportunities

    Caesars Entertainment Corporation has announced plans to license its Caesars Palace, Flamingo, The Cromwell and The LINQ brand in overseas destinations. The move will allow Caesars and select strategic partners to expand the reach of these brands into gateway cities around the world, said the company in a press release. “Caesars Entertainment (CZR) brings instant […]

    Looming strike could cripple Las Vegas casinos

    Thousands of hotel and casino workers in Las Vegas are set to walk off the job next month, with calls from unionized workers for wage increases, job security and strengthened protections against sexual harassment. At the end of May, the contracts for around 50,000 unionized workers will expire, while new contracts with the aforementioned inclusions […]

    Caesars to count on MICE and entertainment in Japan bid

    Caesars Entertainment is counting on its MICE and entertainment experience to carry off the prize of a casino license in Japan, says William Shen, the company’s managing director for Japan and South Korea.

    Ownership structure may influence Japan bid outcome

    The level of foreign ownership allowed by the Japanese government in the country’s IRs may play a significant role in determining who gets the coveted licenses, experts told a panel session at G2E Asia.

    Core business growth boosts Caesars Q1 results

    Las Vegas-based Caesars Entertainment Corp saw first quarter net revenue more than double in 18Q1 compared to the prior year, reaching $1.97 billion.

    Japan clouds Korea’s IR-hub aspirations

    South Korea wants to turn the area near Incheon International Airport into a version of Manila’s Entertainment City, but its vision is at risk from competition from Japan.
    Japan Diet Session

    Policy delays give late movers a fighting chance

    The Abe government's decision to drag its feet on more detailed regulations governing the IR industry and to delay the establishment of the Casino Management Board may exercise an effect on which local governments get licensed and which IR operators are selected.

    Operators woo Japan local governments

    The season has come for the sixteen or seventeen interested IR operators to concretely develop their strategies to woo local governments and to position themselves to be chosen as partners.
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