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October 3, 2024 - Caesars Entertainment (CZR, Financial), the parent company of iconic casinos like Caesar Palace, Harrah's, revealed a $500 million stock repurchase plan to buy back its own shares and issued a $1 billion bond offering. The money from the debt sale is said to be used to pay off older debt, freeing up cash for the repurchase, and potentially improving their overall financial health. Improvement in financial health is important for Caesar Palace's overall performance. According to GuruFocus, ...

Sen. Richard Blumenthal (D-CT) (L) and Rep. Paul Tonko (D-NY) hold a news conference to introduce online gambling legislation outside the U.S. Capitol on September 12, 2024 in Washington, DC. Sports gambling has exploded across the United States over the past six years and, in response, two lawmakers have introduced legislation that would implement federal regulations on the practice. Rep. Paul Tonko D-N.Y. and Sen. Richard Blumenthal, D-Conn., on Thursday introduced the Supporting Affordability and Fairnes ...

It has been about a month since the last earnings report for Caesars Entertainment (CZR) . Shares have lost about 7.2% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Caesars Entertainment due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Caesars Entertainment Q2 E ...

Caesars' petition for new hearing before the high court is denied in case centering on deal to bring new multimillion-dollar gaming technologies to market LAS VEGAS, Aug. 6, 2024 /PRNewswire/ -- The Nevada Supreme Court has denied a request from Caesars Entertainment to reconsider a case involving Tipping Point Gaming (TPG). TPG had been working closely with Caesars Entertainment (NASDAQ: CZR) to bring new gaming technology to market. Caesars now faces a new trial on fraud claims, amongst other tort claims, ...

Cash flow continues to be strong on the Las Vegas Strip. Caesars Entertainment (CZR -6.28%) is an icon of the Las Vegas Strip, but it hasn't always been the best performer on the stock market. That's changing with more stable operations and solid cash flow. Travis Hoium highlights recent results and asks when the company will buy back stock. *Stock prices used were end-of-day prices of July 31, 2024. The video was published on July 31, 2024. ...

Caesars Entertainment, Inc. (CZR) reported second-quarter 2024 results, with earnings and revenues missing their respective Zacks Consensus Estimate. Also, the top and the bottom line declined on a year-over-year basis.Although the regional segment saw competition in new markets, the Las Vegas segment performed well with record same-store revenues, high hotel occupancy and peak Average Daily Rate (ADR).Following the results, the diversified gaming and hospitality company’s shares increased 3.8% in the after ...

财务数据和关键指标变化 - 公司在第二季度实现了28%的数字业务净收入增长,并创下了季度调整后EBITDA纪录,达到4000万美元,同比增长264% [18] - 公司在第二季度实现了总净收入28亿美元和总调整后EBITDAR 10亿美元,均与去年持平 [10] 各条业务线数据和关键指标变化 - 拉斯维加斯业务在第二季度创下了1.1亿美元的净收入纪录,调整后EBITDAR同比增长1.2%至5.14亿美元 [10][11] - 区域业务在第二季度调整后EBITDAR同比下降8%至4.69亿美元,主要受到某些市场的竞争压力、新奥尔良的建设干扰以及里诺的大型团体活动基数较高等因素影响 [14] - 数字业务在第二季度净收入同比增长28%至2.76亿美元,调整后EBITDA创下季度纪录达4000万美元,同比增长264% [18][19] 各个市场数据和关键指标变化 - 拉斯维加斯业务的EBITDAR利润率为46.6%,同比下降40个基点,尽管劳动力成本有所上升 [13] - 区域业务的EBITDAR利润率下降100个基点至19.9%,反映了公司在成本管控方面的出色表现 [14] 公司战略和发展方向及行业竞争 - 公司在第二季度完成了对ZeroFlucs公司的收购,这家澳大利亚领先的体育博彩技术公司已经开始为公司的产品创新和提高博彩收益率做出贡献 [19] - 公司在第二季度完成了对威恩贝特在密歇根州业务的收购,为公司在该州推出新的以"马蹄铁"为品牌的互联网博彩应用奠定了基础 [20][21] - 公司计划在未来几年内大幅减少资本支出,这将推动自由现金流的大幅增长 [22][23][32] 管理层对经营环境和未来前景的评论 - 管理层对公司在拉斯维加斯和数字业务的表现感到非常满意,预计这些业务在下半年和2025年将保持强劲增长 [30][31] - 管理层表示,区域业务在第三季度可能与第二季度相似,但到第四季度和弗吉尼亚州新项目开业后,该业务将恢复增长 [26][27][28] 其他重要信息 - 公司在第二季度实现了超过1亿美元的自由现金流,并用于永久性偿还2030年到期的定期贷款B [22] - 公司的资本投资周期即将结束,预计2025年资本支出将下降约2亿美元,这将推动自由现金流的大幅增长 [22][23][32] 问答环节重要的提问和回答 问题1 **Joe Greff 提问** 询问拉斯维加斯业务的表现,特别是博彩收益与总博彩收入之间的关系 [35][36] **Tom Reeg 回答** 公司在拉斯维加斯的促销策略没有发生变化,公司一直在提价并获得定价能力,管理团队的出色表现是关键 [36][37] 问题2 **Carlo Santarelli 提问** 询问拉斯维加斯业务在第三季度的情况,特别是关于工会合同的影响 [43][44] **Tom Reeg 回答** 第三季度工会合同的影响将相对较小,因为大部分涨薪已在去年发生 [44] 问题3 **Brandt Montour 提问** 询问拉斯维加斯酒店房价的变化情况及其可持续性 [52][53] **Tom Reeg 回答** 公司在拉斯维加斯的定价能力很强,在房价、餐饮、ATM费等各方面都在持续提价,这反映了强劲的需求 [53][54]

For the quarter ended June 2024, Caesars Entertainment (CZR) reported revenue of $2.83 billion, down 1.7% over the same period last year. EPS came in at $0.00, compared to $0.82 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.86 billion, representing a surprise of -0.95%. The company delivered an EPS surprise of -100.00%, with the consensus EPS estimate being $0.14.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wal ...

Caesars Entertainment (CZR) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.14. This compares to earnings of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this casino and resort operator would post a loss of $0.03 per share when it actually produced a loss of $0.55, delivering a surprise of -1,733.33%.Over the last four quarters, the ...