Caesars Entertainment Corporation (NASDAQ: CZR) was founded in 1937. Its predecessor was Harrah’s Entertainment Inc., which changed its current name in November 2010 and is headquartered in Las Vegas, Nevada, USA. With 15,500 full-time employees, like Wynn Resorts , Sands Group and Melco Crown Entertainment , it is one of the world’s largest casino operators.
Caesars Entertainment (CZR):
Caesars Entertainment owns, operates, and manages casinos, including land-based casinos, gambling ships and dock casinos. Caesars Entertainment operates 55,000 slot machines and 3,600 gaming tables, as well as other games, including keno, poker, and race and sports books; buffets, restaurants, bars, nightclubs, casinos, banquets and room service lounges.
As of December 31, 2014, Caesars Entertainment owned, operated, and managed 49 casinos in 14 states and 5 countries in the United States. Its facilities had approximately 30,000 square feet of gaming space and approximately 39,000 hotel rooms.
In addition, Caesars Entertainment also operates online gaming services, providing social gaming based on Facebook and other social platforms , and client gaming services based on mobile application platforms.
In addition, Caesars Entertainment is also engaged in property leasing services, renting and selling some of the company’s shops to third parties, and engaging in retail, catering, entertainment and other casino network supporting services.
Caesars Entertainment’s casino brands include: Harrah’s, Caesars and Horseshoe.
Caesars Entertainment (CZR) investment:
Caesars Entertainment, formerly known as Harrah’s Entertainment Inc, was acquired by private equity firms Apollo Management Group and Texas Pacific Group for $30.7 billion in 2008.
On February 8, 2012, Caesars Entertainment landed on Nasdaq and issued 1.8 million common shares at an issue price of US$9 and raised US$16 million. Credit Suisse , Citi , Bank of America Merrill Lynch and Deutsche Bank are the lead underwriters of the transaction.
2015/7/21, Caesars Entertainment’s debt negotiations went smoothly, avoiding bankruptcy, and the stock price soared by 20+%.
On July 5, 2016, Caesars Entertainment Corporation packaged its casino property assets to form VICI Properties Inc. , and on October 6, 2017, it divested VICI Properties Inc.. VICI Properties listed its IPO on the New York Stock Exchange on February 1, 2018.
Compared with its competitors, such as WYNN , MGM , LVS, etc., which have a market value of tens of billions, Caesars Entertainment has a market value of less than US$1 billion, which is very worthy of attention & ownership.