Caesars Entertainment Promising Better Financial Position
CZRCaesars Entertainment(CZR) Gurufocus·2024-10-03 23:42

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, ...