Caesars Entertainment Inc (CZR)

Over the past six months, Caesars Entertainment's stock price has declined. The stock was down 13.76% in the last six months as of June 25, 2025, and 25.03% from June 26, 2024, to June 25, 2025. Fourth-quarter 2024 results showed GAAP net revenues of $2.80 billion, with GAAP net income of $11 million. First-quarter 2025 earnings revealed an EPS of ($0.54), missing analyst estimates. JP Morgan initiated coverage with an "Overweight" recommendation. The average one-year price target was revised to $43.25 as of April 24, 2025. KeyBanc Capital Markets completed the syndication of a new $2.9 billion Senior Secured First Lien Term Loan B for refinancing existing debt. The company announced the redemption of Senior Notes and launched "Remote Reels" for Caesars Palace Online Casino players.

Demand for Caesars Entertainment's products and services exhibits seasonality, fluctuating due to holidays, events like the World Series of Poker, conventions, and sporting events. The company uses dynamic pricing for hotel rooms and tickets based on demand and competitor pricing. Casino stocks may see seasonal strength from sports betting and increased travel during spring break. Las Vegas properties achieved 95% occupancy in the first quarter of 2023 due to strong leisure, group, and convention demand. Seasonality can also lead to variations in working capital cash flow requirements.

Caesars Entertainment, Inc. is a geographically diversified gaming and hospitality company operating within the Consumer Services sector, specifically the Casinos/Gaming industry. The company owns, leases, brands, and manages casinos, hotels, restaurants, bars, entertainment venues, and retail shops. Its primary revenue streams are derived from gaming operations, including retail and online sports betting and iGaming. The company's major products and services encompass casino gaming, hotel accommodations, food and beverage services, and entertainment. Key brands include Caesars Palace, Harrah's, and Horseshoe. The company also operates digital platforms such as Caesars Sportsbook and Caesars Palace Online Casino.

Caesars Entertainment operates 53 domestic properties across 18 states in the United States, with a significant presence in Las Vegas, Atlantic City, and Mississippi. Its operations are segmented geographically into Las Vegas, Regional, Caesars Digital, Managed and Branded, and Corporate and Other. The company offers online sports betting in 32 jurisdictions and iGaming in five jurisdictions across North America.

Caesars Entertainment has maintained a positive brand reputation, being recognized as one of the 50 Most Community-Minded Companies in the U.S. for the 11th consecutive year. In 2024, the Caesars Foundation donated over $3.4 million to non-profit organizations, and team members contributed 93,000 volunteer hours. The company's brand presence and customer loyalty are competitive advantages, and the integration of its Caesars Rewards loyalty program enhances customer engagement. No significant negative events impacting the brand were found.

Caesars Entertainment's ownership is primarily composed of institutional shareholders, holding approximately 66.51% to 109.37% of the company's stock. Major institutional owners include Vanguard Group Inc., Capital Research Global Investors, and BlackRock Inc. Individual owners hold between 4.97% and 30.62% of the company's stock. The largest individual shareholder is Gary L. Carano, owning 12.61% of the company.