|Bid||0.00 x 1300|
|Ask||0.00 x 28000|
|Day's Range||7.64 - 8.14|
|52 Week Range||7.64 - 14.50|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||2.59|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||12.34|
In a note to clients on Thursday, Bernstein's Vitaly Umansky initiated coverage on four of the largest U.S. gambling companies, who have all sharply underperformed the broader market this year, as outlined by Barron's. Shares of Las Vegas Sands Corp. ( LVS) and MGM Resorts International ( MGM) have sunk 22.4% and 20.6% YTD, respectively. While some of the downside can be attributed to company-specific headwinds, like allegations of sexual misconduct at Wynn, the Bernstein analyst noted that most of the negative sentiment has been driven by disappointing Macau gambling data.
LAS VEGAS, Nov. 14, 2018 /PRNewswire/ -- Lisa Vanderpump and Caesars Palace will partner to open Vanderpump Cocktail Garden, set to debut early 2019. Bringing a taste of Los Angeles to Las Vegas, the cocktail garden will take a page from Vanderpump's highly successful restaurants and lounges, Villa Blanca, SUR, Pump and Tom Tom.
The transformation of Harrah’s Ak-Chin Casino is closer to fruition with the completion of some larger construction projects.
Melco earnings missed on a weak Macau after Wynn Resorts warned on Macau and high-end gamblers in key markets. Wynn, Melco and, other casino stocks fell.
Jim Cramer flies through his take on callers' favorite stocks, including a Silicon Valley giant that his charitable trust is eyeing.
LAS VEGAS, Nov. 5, 2018 /PRNewswire/ -- Caesars Entertainment (NASDAQ: CZR), the world's most diversified casino-entertainment provider, in collaboration with Clean the World, a leader in global health, today announced the successful distribution of 2,500 pounds of soap to 14,000 children in Zambia. "Our relationship with Clean the World exemplifies how we put our PEOPLE PLANET PLAY commitment into action," said Jan Jones Blackhurst, Caesars Entertainment Executive Vice President, Public Policy & Corporate Responsibility. "Each year, Caesars collects and donates more than 53 tons of soap and shampoo from hotel rooms, so I am proud that our team members were able to see the process through all the way to Zambia where the soap is critical to reducing illnesses and the spread of infection.
Along with its third-quarter earnings report, Caesars also announced on Nov. 1 that President and CEO Mark Frissora would leave the company on Feb. 8.
The president and CEO of Caesars Entertainment Corp. will step down next year, the casino giant said Thursday. The announcement came just before Caesars reported third-quarter net income of $110 million, after posting a loss in the same period a year earlier. The Las Vegas-based company said Mark Frissora, who joined the company in 2015 and guided it through bankruptcy reorganization, will remain on the job until Feb. 8.
Caesars (CZR) delivered earnings and revenue surprises of 0.00% and -0.33%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
Though earnings were 40% higher than the year-ago quarter, with revenues of $62.9 billion topping the Zacks consensus estimate, shares are selling off 3.7% in late trading.
Check out the companies making headlines after the bell: Apple AAPL shares fell nearly 5 percent in after-hours trading despite releasing its fiscal fourth-quarter earnings report that beat expectations on the top and bottom lines.
Caesars Entertainment Corp. shares rallied in Thursday's extended session after the casino operator announced an unexpected quarterly profit and announced the departure of its chief executive. Caesars reported it swung to third-quarter earnings of $110 million, or 14 cents a share, from a loss of $433 million, or $2.90 a share, a year earlier. Revenue rose to $2.19 billion versus $993 million. Analysts surveyed by FactSet had forecast a loss of 4 cents a share on revenue of $2.21 billion. Caesars also announced that CEO Mark Frissora is planning to leave the company on Feb. 8 and a committee has been formed to seek his successor. Caesars shares jumped 6.8% after hours.
Caesars Entertainment CEO Mark Frissora is stepping down after 3 years in the role, the company announced on Thursday. Caesars also released its third-quarter earnings report on Thursday, which beat earnings estimates but missed revenue expectations. Caesars Entertainment CZR CEO Mark Frissora is stepping down after 3 years in the role, the company announced on Thursday.
LAS VEGAS , Nov. 1, 2018 /PRNewswire/ -- Caesars Entertainment Corporation (NASDAQ: CZR) ("CEC," "Caesars," "Caesars Entertainment," or the "Company") today reported ...
LAS VEGAS, Nov. 1, 2018 /PRNewswire/ -- Caesars Entertainment Corporation (CZR) today announced that President and Chief Executive Officer Mark P. Frissora is leaving the Company, having led a successful operational and financial transformation and established a platform for future growth. The four members of the Compensation and Management Development Committee as well as the Chairman of the Board will work with a nationally recognized search firm to identify Mr. Frissora's successor. "The Board of Directors thanks Mark for his instrumental role in leading the Company through a challenging period and setting Caesars on a course for sustained, long-term growth and value creation," said Jim Hunt, Chairman of the Board of Directors.
LAS VEGAS, Nov. 1, 2018 /PRNewswire/ -- Caesars Entertainment Corporation (CZR) announced today an unprecedented 15-year partnership that will make Caesars Entertainment (Caesars) the first founding partner of the Las Vegas Stadium, the future home of the Las Vegas Raiders, elevating Caesars' profile in professional sports. "The Raiders are proud to welcome Caesars Entertainment as a founding partner of Las Vegas Stadium," said Marc Badain, President of the Raiders.
LAS VEGAS, Oct. 31, 2018 /PRNewswire/ -- Caesars Entertainment Corporation (CZR) today announced opening dates for its two beach front luxury resorts, beach club and residential tower on Meraas' Bluewaters Island in Dubai. Cove Beach (beach club) will open November 9, Caesars Palace Bluewaters Dubai and The Residences at Caesars Palace Bluewaters Dubai will welcome their first guests on November 15 with Caesars Resort Bluewaters Dubai following in December.
Investors need to pay close attention to Caesars Entertainment (CZR) stock based on the movements in the options market lately.
LAS VEGAS , Oct. 30, 2018 /PRNewswire/ -- Caesars Entertainment Corporation (NASDAQ: CZR) will host a conference call at 2:30 p.m. Pacific Time , Thursday, November 1, 2018 , to discuss its third quarter ...