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Caesars Entertainment Corp (CZR.OQ)

CZR.OQ on NASDAQ Stock Exchange Global Select Market

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21 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Caesars Entertainment Increases Share Repurchase Authorization To $750 Million
Friday, 10 Aug 2018 

Aug 10 (Reuters) - Caesars Entertainment Corp ::CAESARS ENTERTAINMENT INCREASES SHARE REPURCHASE AUTHORIZATION TO $750 MILLION.CAESARS ENTERTAINMENT CORP - DOES NOT HAVE IMMEDIATE PLANS TO ENGAGE IN A TRANSACTION INVOLVING ITS CONVERTIBLE NOTES.CAESARS ENTERTAINMENT - INTENDS TO FINANCE SHARE REPURCHASE PROGRAM USING CASH FROM OPERATIONS..CAESARS ENTERTAINMENT CORP - REPURCHASE PROGRAM HAS NO TIME LIMIT.CAESARS ENTERTAINMENT CORP - PLANS TO REVISIT CONVERTIBLE NOTES TRANSACTION AT A LATER DATE.CAESARS ENTERTAINMENT CORP - STILL TARGETING A 4.5X GROSS LEVERAGE BY END OF 2021.  Full Article

Caesars Entertainment Reports Q2 EPS $0.04
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Caesars Entertainment Corp ::CAESARS ENTERTAINMENT REPORTS STRONG FINANCIAL RESULTS FOR THE SECOND QUARTER OF 2018.Q2 REVENUE $2.12 BILLION VERSUS I/B/E/S VIEW $2.1 BILLION.QTRLY SAME-STORE NET REVENUES IMPROVED 2.8 PCT.QTRLY EARNINGS PER SHARE $ 0.04.QTRLY LAS VEGAS REVPAR INCREASED 3.5 PCT.LAUNCHES SPORTS BETTING IN NEW JERSEY IN PARTNERSHIP WITH SCIENTIFIC GAMES DIGITAL.  Full Article

Scientific Games Signs Sports Betting Deal With Caesars Entertainment
Monday, 30 Jul 2018 

July 31 (Reuters) - Scientific Games Corp ::SCIENTIFIC GAMES SIGNS SPORTS BETTING DEAL WITH CAESARS ENTERTAINMENT.SCIENTIFIC GAMES - WILL PROVIDE ITS PROVEN OPENBET PRODUCT SUITE TO CAESARS.  Full Article

Unifor, Caesars Windsor Accept New Collective Agreement
Monday, 4 Jun 2018 

June 5 (Reuters) - Unifor::UNIFOR - UNIFOR HOSPITALITY, GAMING WORKERS AT CAESARS WINDSOR HAVE VOTED TO ACCEPT A NEW THREE YEAR COLLECTIVE AGREEMENT.UNIFOR - NEW AGREEMENT FOR 2,300 WORKERS INCLUDES STRENGTHENING OF LANGUAGE AROUND OUTSOURCING AND WAGE INCREASE.  Full Article

Hamlet Holdings Llc Reports 10.7 Pct Stake In Caesars Entertainment As Of May 17 - SEC Filing
Tuesday, 22 May 2018 

May 22 (Reuters) - Caesars Entertainment Corp ::HAMLET HOLDINGS LLC REPORTS 10.7 PERCENT STAKE IN CAESARS ENTERTAINMENT AS OF MAY 17 - SEC FILING.HAMLET HOLDINGS LLC EARLIER REPORTED 14.2 PERCENT STAKE IN CAESARS ENTERTAINMENT AS OF DECEMBER 5, 2017.  Full Article

TPG Group Holdings (Sbs) Advisors Cuts Stake In Caesars Entertainment To 4.2 Pct From 7.7 Pct
Monday, 21 May 2018 

May 21 (Reuters) - Caesars Entertainment Corp ::TPG GROUP HOLDINGS (SBS) ADVISORS CUTS STAKE IN CAESARS ENTERTAINMENT TO 4.2 PERCENT AS OF MAY 17, 2018 FROM 7.7 PERCENT STAKE AS OF DEC 5, 2017 - SEC FILING.  Full Article

Caesars Entertainment Signs Deal To Bring Harrah's Branded Tribal Casino To Northern California
Friday, 13 Apr 2018 

April 13 (Reuters) - Caesars Entertainment Corp ::CAESARS ENTERTAINMENT ANNOUNCES AGREEMENT TO BRING HARRAH'S-BRANDED TRIBAL CASINO TO NORTHERN CALIFORNIA.SIGNED DEFINITIVE AGREEMENT WITH BUENA VISTA GAMING AUTHORITY TO BRING A NEW HARRAH'S-BRANDED FACILITY TO NORTHERN CALIFORNIA.TO PROVIDE BRAND LICENSING, CONSULTING SERVICES FOR CASINO, TO BE NAMED HARRAH'S NORTHERN CALIFORNIA CASINO.INTENDS TO ENTER MANAGEMENT AGREEMENT WITH BUENA VISTA GAMING AUTHORITY TO MANAGE, OPERATE AND MAINTAIN PROPERTY.THE PROPERTY IS EXPECTED TO OPEN IN 2019.  Full Article

Caesars Entertainment Announces Completion Of Harrah's Las Vegas Sale
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Caesars Entertainment Corp ::CAESARS ENTERTAINMENT ANNOUNCES COMPLETION OF HARRAH'S LAS VEGAS SALE AND LEASEBACK TRANSACTION AND LAND ACQUISITION FOR NEW CONVENTION CENTER IN LAS VEGAS.  Full Article

Caesars Entertainment Announces Completion Of $265 Mln Add-On Term Loan Facility And Redemption Of Chester Downs Notes
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Caesars Entertainment Corp ::CAESARS ENTERTAINMENT ANNOUNCES COMPLETION OF $265 MILLION ADD-ON TERM LOAN FACILITY AND REDEMPTION OF CHESTER DOWNS NOTES.CAESARS ENTERTAINMENT CORP - CLOSING OF ADD-ON TERM LOAN REDUCES CO'S ANNUAL INTEREST EXPENSE BY $20 MILLION.CAESARS ENTERTAINMENT - EXPECT SAVINGS TO REACH A TOTAL OF $290 MILLION UPON COMPLETION OF OTHER RECENTLY ANNOUNCED REFINANCING ACTIVITIES.  Full Article

Crown Resorts Signs Divestment Deals To Reduce Debt
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - Crown Resorts Ltd ::TO SELL INTEREST IN PART OF PROPERTY, OPERATIONS AT ELLERSTON FOR $62.5 MILLION TO CONSOLIDATED PRESS, ENTITY OF GRETEL PACKER .UNIT TO SELL STAKE IN 34.6 ACRE VACANT SITE ON LAS VEGAS BOULEVARD FOR $300 MILLION TO UNIT OF WYNN RESORTS.UNIT RECEIVED DISTRIBUTION OF 4.2 MILLION CAESARS ENTERTAINMENT CORP SHARES; CO TO SELL ITS CAESARS SHARES VALUED AT $54 MILLION.‍REACHED IN-PRINCIPLE AGREEMENT TO SELL 2 FLOORS OF CROWN SYDNEY RESIDENCES AT CROWN SYDNEY HOTEL RESORT FOR $60 MILLION TO JAMES PACKER.‍CONFIRMS IT'S IN DISCUSSIONS WITH CROWNBET MANAGEMENT TEAM ON POTENTIAL SALE OF CROWN'S 62 PERCENT INTEREST IN CROWNBET FOR $150 MILLION​.CROWN'S SHARE OF GROSS PROCEEDS FROM LAS VEGAS BOULEVARD DEAL EXPECTED TO BE ABOUT US$264 MILLION.  Full Article

Photo

Foreign casino operators go all in as they vie for Osaka licence

OSAKA In late July, a lavish fireworks display lit up Osaka's skies in the finale to one of Japan's most famous festivals, courtesy of a first-time sponsor: Macau casino operator Melco Resorts and Entertainment Ltd . | Video