1 Followers USX:CZR - Caesars Entertainment Inc Caesars Entertainment Corporat
Sector: Consumer Discretionary, Industry: Casinos & Gaming
Next Earnings: 30 Apr 2024
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USD 43.74    +0.38 (+0.88%)

28 Mar 2024


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General

CEO: Mr. Thomas Robert Reeg CFA

IPO: 1989-12-13

Headquarters: US

Employees: 51,000

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Description

Caesars Entertainment includes about 50 domestic gaming properties across Las Vegas (49% of 2023 EBITDAR before corporate expenses) and regional (48%) markets. Additionally, the company hosts managed properties and digital assets, the later of which produced marginal EBITDA in 2023. Caesars' US presence roughly doubled with the 2020 acquisition by Eldorado, which built its first casino in Reno, Nevada, in 1973 and expanded its presence through prior acquisitions to over 20 properties before merging with legacy Caesars. Caesars' brands include Caesars, Harrah’s, Tropicana, Bally’s, Isle, and Flamingo. Also, the company owns the US portion of William Hill (it sold the international operation in 2022), a digital sports betting platform.

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