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Caesars Entertainment Plays Nice With Carl Icahn, Casino Operator's Stock Trades Higher
Friday, March 1, 2019 - 1:17pm | 420Read More...Activist investor Carl Icahn and gaming operator Caesars Entertainment Corporation (NASDAQ: CZR) reached an agreement Friday on the composition of the casino operator's board of directors. What Happened Icahn confirmed a 9.8-percent stake in Caesars in February and demanded the...
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Vegas Strip Revenue Down 4% In January
Thursday, February 28, 2019 - 10:44am | 409Read More...The Nevada Gaming Control Board on Thursday released its report on gaming revenue for the Las Vegas area in January. What Happened Nevada's non-restricted gaming licensees reported a total “gaming win” of $984.5 million in January, a 3-percent year-over-year decrease. Statewide...
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Caesars Responds To Carl Icahn, Will 'Carefully Evaluate' Proposals
Wednesday, February 20, 2019 - 10:19am | 386Read More...Casino operator Caesars Entertainment Corporation (NASDAQ: CZR) responded Wednesday to activist investor Carl Icahn's demands for the company to explore strategic alternatives, including a potential sale of itself. Icahn's Stake Icahn confirmed prior media reports he controls a 9.8-percent...
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What's The Over-Under On The First Legal Super Bowl Betting Market?
Friday, February 1, 2019 - 4:50pm | 994Read More...Sunday’s Super Bowl will be the first played in the era of widespread legal sports betting, now allowed in eight states. How much will be bet now that punters can lay down some money on whether the Rams or Patriots will win (and lots of other things surrounding the game)? It appears the over-...
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Carl Icahn Reportedly Takes New Stake In Caesars Entertainment
Friday, January 11, 2019 - 12:13pm | 335Read More...Caesars Entertainment Corporation (NASDAQ: CZR) shares were rallying Friday in reaction to a CNBC report that billionaire activist investor Carl Icahn may have taken a stake in the casino operator. What Happened Sources close to the matter told CNBC Icahn is accumulating shares in Caesars,...
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Government Shutdown Hits Consumer Electronics Show
Monday, January 7, 2019 - 6:35pm | 315Read More...Las Vegas -- Technology is great, but it can't solve all problems. The government shutdown has forced the cancellation of several scheduled speakers at the Consumer Electronics Show. The world's largest tech show gets fully underway tomorrow, but the government shutdown has forced several...
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In The World Of Electric Trucks, Daimler Gets By With A Little Help From Its Friends
Monday, January 7, 2019 - 2:22pm | 638Read More...Las Vegas — Daimler Trucks North America (DTNA) kicked off its CES festivities on Sunday with a ride and drive event at the Las Vegas Motor Speedway and a presentation on the company's collaborative EV strategy by Andreas Juretzka, Daimler's e-Mobility Group lead. "The journey is...
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Caesars Entertainment Locks In NFL's First Casino Sponsorship
Sunday, January 6, 2019 - 9:58am | 587Read More...The NFL has signed its first exclusive sponsorship deal with a casino. What Happened Caesars Entertainment Corporation (NASDAQ: CZR) has been selected as the first-ever casino sponsor of the NFL. Both parties agreed to a three-year deal worth approximately $30 million annually that gives...
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Casino Stocks Post Muted Reaction To August Vegas Revenue Data
Thursday, September 27, 2018 - 12:03pm | 386Read More...Casino stocks were trading nearly flat to lower Thursday morning after the Nevada Gaming Control Board released August revenue data. What Happened Gaming licensees reported total win of $912,980,589 in August, which represents a 7.74-percent decrease from the same month one year ago,...
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Credit Suisse: Caesars Entertainment Has Ideal Position In Vegas, Regional Gaming
Tuesday, September 11, 2018 - 12:34pm | 423Read More...Casino operator Caesars Entertainment Corporation (NASDAQ: CZR) emerged from a 2017 bankruptcy to encompass the "best of both empires" — the Las Vegas Strip and regional gaming markets, according to Credit Suisse. The Analyst Credit Suisse's Cameron McKnight initiated...
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6 Reasons Why Deutsche Bank Is Bullish On Post-Bankruptcy Caesars Entertainment
Wednesday, September 5, 2018 - 3:16pm | 347Read More...Caesars Entertainment Corporation (NASDAQ: CZR), the casino and resort operator that emerged from bankruptcy in 2017, makes for an attractive investment, according to Deutsche Bank. The Analyst Deutsche Bank's Carlo Santarelli initiated coverage of Caesars Entertainment with a...
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Analyst Still Optimistic On Casino Stocks, Upgrades Boyd Gaming
Tuesday, August 14, 2018 - 1:50pm | 470Read More...Casino stocks have taken a beating in recent weeks, and one Wall Street analyst says it’s time for investors to step in and buy the dip in a handful of top stocks. The Analyst Jefferies analyst David Katz updated his ratings and price targets for the following gaming stocks: Upgraded Boyd...
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June Marks 5th Straight Month Of Rising Nevada Gaming Win Data
Tuesday, July 31, 2018 - 10:44am | 405Read More...The Nevada Gaming Control Board on Tuesday released its report on gaming revenue for the Las Vegas area in June. What Happened Nevada's non-restricted gaming licensees reported a total “gaming win” of $933 million in June, a 4.7-percent year-over-year increase. Statewide revenue is...
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Bank Of America Appreciates Caesars Entertainment's 'Dramatically Restructured' Balance Sheet
Monday, July 23, 2018 - 11:21am | 371Read More...Caesars Entertainment Corporation (NASDAQ: CZR), one of the world's largest gaming companies, exited bankruptcy with a "dramatically restructured" balance sheet which makes the stock attractive to investors, according to Bank of America. The Analyst Shaun Kelley initiated coverage of...
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Goldman Sachs Cashes Out Of MGM Stock, Recommends Wyndham And Las Vegas Sands
Tuesday, June 26, 2018 - 3:55pm | 430Read More...For MGM Resorts International (NYSE: MGM), Las Vegas business hasn’t been booming the way some investors had hoped, prompting one Wall Street analyst to take a closer look at the stock. The Analyst Goldman Sachs analyst Stephen Grambling downgraded MGM from Buy to Neutral, removed the stock...
















