|Bid||0.00 x 36900|
|Ask||0.00 x 1400|
|Day's Range||10.16 - 10.66|
|52 Week Range||8.55 - 14.50|
|Beta (3Y Monthly)||1.36|
|PE Ratio (TTM)||3.65|
|Earnings Date||Oct 30, 2018 - Nov 5, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.10|
NEW YORK, NY / ACCESSWIRE / October 18, 2018 / Major U.S. equities finished moderately lower on Wednesday with the Dow Jones dropping over 300 points after minutes from the Federal Reserve September’s ...
Fertitta reportedly is proposing a reverse merger in which he would become chairman and CEO of the combined company.
The proposed deal would see closely held Golden Nugget acquired by its larger Las Vegas-based rival in a merger that values Caesars at about $13 a share, said one of the people, who asked not to be identified because the discussions are private. A merger could help Fertitta, who borrowed heavily to buy the Houston Rockets basketball team for $2.2 billion last year, greatly increase the properties under his control while folding his debt into a larger company. Revenue on the Las Vegas Strip has been tepid and Caesars, with a market value of $7.07 billion, disappointed shareholders this summer with a warning of tough conditions in the top U.S. gambling market.
For the most part, the stock market hung onto most of its gains following Tuesday’s monstrous move. As we get into earnings seasons though, investors will have to fight against both market-wide volatility and giant moves in individual stocks.10 Marijuana Stocks for the Canadian 'Pot Rush'
Sources told CNBC on Wednesday that Golden Nugget Casinos owner Tilman Fertitta wants to make a deal with Caesars Entertainment that values the casino at $13 per share. Macquarie's Chad Beynon says despite strong fundamentals, valuations in the gaming industry are "near 5-year lows," which may be the reason more companies are exploring mergers. The potential merger of Caesars Entertainment CZR and billionaire Tilman Fertitta's Golden Nugget Casinos is part of a larger trend of M&A activity in the gaming industry spurred by low valuations, according to Chad Beynon, senior analyst at Macquarie.
LAS VEGAS, Oct. 17, 2018 /PRNewswire/ -- Caesars Entertainment Corporation (CZR) today announced the appointment of Denise M. Clark to its Board of Directors, subject to required regulatory approvals. Clark currently serves as a member of United Natural Foods board of directors, where she is a member of both the Audit and Nominating & Governance committees. "Denise is a well-respected and experienced corporate leader with a proven track record of success throughout her career across a variety of areas, including technology and global operations, which are important to Caesars as we move forward," said Jim Hunt, Chairman of the Board.
Caesar Entertainment stock (NASDAQ:CZR) is up more than 10% on Wednesday following rumblings of a potential merger between the company and another casino operator. Golden Nugget Casinos Tilman Fertitta wants to merge with the company in a deal that would value the casino operator at roughly $13 per share, according to statements from sources that chose to remain anonymous. The idea of the merger has been going around for about a week and it would see the companies exchange stock in a private company owned by Fertitta for shares in Caesars at the same multiple the company currently trades.
Shares of Caesars Entertainment Corp. shot up 12% on heavy volume in afternoon trade Wednesday, after reports that Tilman Fertitta, the billionaire owner of the Golden Nugget Casinos and the NBA's Houston Rockets, is interested in a merger deal. Volume ballooned to 64.2 million shares, compared with the full-day average of about 13.8 million shares. The rally puts the stock on track for the biggest one-day gain since September 2016. Reuters reported that Fertitta approached Caesars about reverse merger deal in which Caesars would be the acquirer. CNBC reported that Fertitta wants to make a deal with Caesars that values the casino at $13 a share, or 43% above Tuesday's closing price of $9.09. Caesars declined to comment. The stock, which closed at a 20-month low on Monday, has still lost 12% over the past three months, while the S&P 500 has slipped 0.3%.
Billionaire owner of the Golden Nugget Casinos Tilman Fertitta wants to make a cash and stock deal with Caesars Entertainment that values the casino at $13 per share, sources told CNBC Wednesday. Fertitta, whose holdings include the Houston Rockets basketball team and restaurant and entertainment company Landry's, would be chairman and CEO of the combined company, sources say. Billionaire owner of the Golden Nugget Casinos Tilman Fertitta wants to make a deal with Caesars Entertainment that values the casino at $13 per share, sources told CNBC Wednesday.
Fertitta, whose holdings also include the Houston Rockets National Basketball Association team and restaurant and entertainment company Landry's, is contemplating a reverse merger in which Caesars would be the acquirer, and Caesars shareholders, including private equity firms Apollo Global Management LLC (APO.N) and TPG Global, would remain shareholders in the combined company, the sources said. It is unclear whether Caesars will find any offer from Fertitta attractive, given the company has a market capitalization of $6.3 billion and Fertitta's net worth is pegged by Forbes at $4.5 billion, the sources said.
Next Generation of Sports Book features Fan Caves, Self-Serve Beer Taps, Incredible Wings from Sticky Chicken, Relay Robot, Augmented Reality Games and More, Creating the Most Experiential and Technologically ...
Noodles & Company (Nasdaq: NDLS) has hired a new chief financial officer, completing the restaurant chain’s leadership team and capping a month of significant moves as the company seeks to continue its rebounding 2018 performance. Ken Kuick will begin as CFO at the Broomfield-based company on Nov. 12, Noodles officials said in a statement. Kuick most recently served as chief accounting officer for VICI Properties, a real estate investment trust that was spun out of Caesars Entertainment Corp. (Nasdaq: CZR).
Short interest is moderately high for CZR with between 10 and 15% of shares outstanding currently on loan. The net inflows of $2.93 billion over the last one-month into ETFs that hold CZR are not among the highest of the last year and have been slowing.
Total Rewards has more than 55 million members and offers access to exclusive experiences at more than 40 Caesars Entertainment properties around the world LAS VEGAS , Oct. 9, 2018 /PRNewswire/ -- Caesars ...
Stormy Daniels' memoir, "Full Disclosure," which is out Tuesday, traces her life from a tumultuous childhood in Baton Rouge, Louisiana, through her rise to the forefront of American politics in 2018. Daniels became a household name after The Wall Street Journal first reported in January that the president's then-lawyer, Michael Cohen, had paid $130,000 in a hush-money deal barring Daniels from discussing an alleged affair with Trump years before he became president. Daniels' lawsuit to void the hush deal also established her lawyer, Michael Avenatti, as one of Trump's most vocal and persistent critics.
The Zacks Analyst Blog Highlights: Las Vegas Sands, MGM Resorts International, Wynn Resorts and Caesars Entertainment
LAS VEGAS, Oct. 1, 2018 /PRNewswire/ -- Caesars Entertainment Corporation (CZR) ("Caesars Entertainment") today announced it will participate in the Deutsche Bank 26th Annual Leveraged Finance Conference in Scottsdale, Arizona on Tuesday, October 2, 2018. Caesars Entertainment President & Chief Executive Officer Mark Frissora and Executive Vice President & Chief Financial Officer Eric Hession will speak at 9:20 a.m. Pacific Time to discuss the Company's financial performance and strategy. The fireside chat will be audio-only webcasted live and will be available at http://investor.caesars.com. A replay of the presentation will be accessible for 90 days following the live broadcast through the same link provided.
Gaming revenues in Nevada decline for the second straight month in August. Las Vegas Strip witnesses the second-largest decrease, following Boulder Strip's 16.3% fall in the month.
CNBC's David Faber reports that Tilman Fertitta, owner of the Golden Nugget Casinos, approached casino operator Caesars Entertainment about merging it with his gaming empire.
CNBC's Dominic Chu reports on headlines from Reuters over a potential merger between Tilman Fertitta's Landry's and casino operator Ceasar's.
Harry Curtis of Nomura Instinet joins 'Power Lunch' to discuss the impact rising rates have on casino stocks and China-U.S. trade tariffs.