Caesars Entertainment, Inc. (CZR)

The past six months have seen several events impacting CZR's stock. July 2025 revealed a "soft summer" for Las Vegas, though regional revenues increased and the digital segment performed well. In September 2025, plans for a casino in New York's Times Square were halted. October 2025 highlighted a challenging summer for Las Vegas, with softness in leisure demand. In November 2025, Caesars Entertainment executives apologized and agreed to a $7.8 million settlement with the Nevada Gaming Commission. As of December 2025, Caesars Sportsbook faced an investigation concerning allegations of misleading advertising. Investor confidence has reportedly eroded, with shares losing nearly half their value since the 2020 merger. The stock price on January 6, 2026, was $23.77, a 28.08% decline from January 7, 2025.

The demand for Caesars Entertainment's products and services exhibits seasonality. January is typically the busiest month for Las Vegas properties, with May and December also experiencing high activity, while April and June are historically slower. In Atlantic City, the summer months are particularly strong, with August being the busiest, while November is the slowest. Winter is generally the peak season for online gambling and sports betting, with December and January showing the highest player traffic and revenue. Summer months tend to be slower for online gambling. Caesars management acknowledged "normal summer seasonality" and "soft low-end leisure demand" in Las Vegas during Q3 2025, but anticipated a recovery in Q4 2025 and Q1 2026.

Caesars Entertainment, Inc. (CZR), headquartered in Reno, Nevada, operates casinos, hotels, and entertainment venues, providing food and beverage services. It is in the Leisure and Arts sector, focusing on Non-Hotel Casinos, Casino Hotels, and Online Gambling Services. The company's offerings include gaming operations, luxury hotel accommodations, fine dining, live entertainment, and convention facilities, operating under brands like Caesars, Harrah's, Horseshoe, and Eldorado.

Caesars Entertainment has a significant presence across North America, with over 50 domestic gaming properties in 18 U.S. states. Key operational hubs include Las Vegas, Atlantic City, and the Reno & Tahoe area. The Las Vegas Strip properties historically contribute a substantial portion of the company's business.

Caesars Entertainment's brand reputation has faced challenges in the past year. In November 2025, executives apologized and accepted a $7.8 million settlement with the Nevada Gaming Commission. In December 2025, Caesars Sportsbook came under investigation for alleged misleading advertising. In April 2025, a Clark County jury ordered Caesars to pay $20 million to a gaming equipment company. There has been a general erosion of investor confidence, with the company's stock underperforming rivals. Customer and former executive feedback suggests a perception of increased rigidity under current management.

Caesars Entertainment's ownership is predominantly institutional, with institutional shareholders holding between 95.58% and 97.59% of the common stock. Major institutional investors include Vanguard Group Inc., Capital World Investors, Capital Research Global Investors, Cohen & Steers, Inc., BlackRock, Inc., Janus Henderson Group Plc, and State Street Corp. Individual insiders hold a smaller percentage. Gary L. Carano is a significant individual shareholder. Recent insider trading activity shows some directors purchasing shares, while several officers sold shares.