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Caesars Entertainment Corp (CZR.OQ)

CZR.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Caesars Entertainment & Vici Properties Announce Sale Of Harrah's Reno To CAI Investments
Thursday, 16 Jan 2020 

Jan 15 (Reuters) - Vici Properties Inc ::CAESARS ENTERTAINMENT AND VICI PROPERTIES INC. ANNOUNCE SALE OF HARRAH'S RENO TO CAI INVESTMENTS.VICI PROPERTIES INC - DEAL FOR $50 MILLION.VICI PROPERTIES INC - PROCEEDS OF TRANSACTION SHALL BE SPLIT 75% TO VICI AND 25% TO CAESARS.VICI PROPERTIES INC - ANNUAL RENT PAYMENTS UNDER NON-CPLV MASTER LEASE BETWEEN CAESARS AND VICI WILL REMAIN UNCHANGED.VICI PROPERTIES INC - AGREEMENT ALLOWS CAESARS TO CEASE OPERATIONS AT PROPERTY DURING H2 2020.VICI PROPERTIES - AGREEMENT ALLOWS FOR CAESARS TO RETAIN ITS GUEST DATA AND PLACES NO RESTRICTIONS ON CAESARS' MARKETING ACTIVITIES.VICI PROPERTIES INC - RENO WILL CONTINUE TO BE PART OF CAESARS REWARDS NETWORK DURING TERM OF SHORT-TERM LEASE WITH BUYER.  Full Article

Wyndham Destinations & Caesars Entertainment Extend Marketing Partnership To 2030
Monday, 23 Sep 2019 

Sept 23 (Reuters) - Wyndham Destinations Inc ::WYNDHAM DESTINATIONS AND CAESARS ENTERTAINMENT EXTEND MARKETING PARTNERSHIP TO 2030.WYNDHAM DESTINATIONS - IN AGREEMENT, CO CAN MARKET VACATION OWNERSHIP TO CAESARS CUSTOMERS IN ITS RESORTS & CASINOS.  Full Article

Caesars Entertainment Announces Sale of the Rio to Principal of Imperial Companies
Monday, 23 Sep 2019 

Sept 23 (Reuters) - Caesars Entertainment Corp ::CAESARS ENTERTAINMENT CORP - UNDER TERMS OF AGREEMENT, CAESARS WILL CONTINUE TO OPERATE PROPERTY PURSUANT TO A LEASE FOR A MINIMUM OF TWO YEARS.CAESARS ENTERTAINMENT CORP - UNDER TERMS CAESARS WILL PAY ANNUALIZED RENT OF $45 MILLION.CAESARS ENTERTAINMENT CORP - BUYER HAS OPTION TO PAY CAESARS $7 MILLION TO EXTEND LEASE UNDER SIMILAR TERMS FOR A THIRD YEAR.CAESARS ENTERTAINMENT CORP - RIO WILL CONTINUE TO BE PART OF CAESARS REWARDS NETWORK DURING LEASE TERM.CAESARS ENTERTAINMENT - SIGNED AGREEMENT TO SELL RIO ALL-SUITE HOTEL & CASINO TO COMPANY CONTROLLED BY PRINCIPAL OF IMPERIAL COMPANIES FOR $516.3 MILLION.CAESARS ENTERTAINMENT - AGREEMENT ALLOWS FOR CO-OWNERSHIP OF RIO-SPECIFIC GUEST DATA AND PLACES NO RESTRICTIONS ON CAESARS' MARKETING ACTIVITIES.CAESARS ENTERTAINMENT ANNOUNCES SALE OF RIO TO PRINCIPAL OF IMPERIAL COMPANIES.CAESARS ENTERTAINMENT - WORLD SERIES OF POKER WILL BE HOSTED AT RIO IN 2020 AND HOSTING RIGHTS WILL REMAIN WITH CO THEREAFTER.  Full Article

Eldorado Resorts To Divest Isle Of Capri Casino Kansas City And Lady Luck Casino Vicksburg For $230 Million Cash
Thursday, 11 Jul 2019 

July 11 (Reuters) - Eldorado Resorts Inc ::PRESS RELEASE - ELDORADO RESORTS ENTERS INTO AGREEMENT TO DIVEST ISLE OF CAPRI CASINO KANSAS CITY AND LADY LUCK CASINO VICKSBURG FOR $230 MILLION CASH.ELDORADO RESORTS INC - DEAL FOR CONSIDERATION OF $230 MILLION IN CASH.ELDORADO RESORTS INC - ELDORADO EXPECTS TO USE NET PROCEEDS FROM TRANSACTION INCLUDING FOR PROPOSED ACQUISITION OF CAESARS ENTERTAINMENT CORPORATION.ELDORADO RESORTS - ENTERED AGREEMENT TO SELL ISLE OF CAPRI CASINO KANSAS CITY, LADY LUCK CASINO VICKSBURG TO TWIN RIVER WORLDWIDE HOLDINGS.  Full Article

Vici Properties Enters Transformative Partnership With Eldorado Resorts Related To The Proposed Combination With Caesars Entertainment
Monday, 24 Jun 2019 

June 24 (Reuters) - VICI Properties Inc ::VICI PROPERTIES INC. ENTERS TRANSFORMATIVE PARTNERSHIP WITH ELDORADO RESORTS RELATED TO THE PROPOSED COMBINATION WITH CAESARS ENTERTAINMENT.VICI PROPERTIES INC - VICI TRANSACTIONS ARE EXPECTED TO BE ACCRETIVE IMMEDIATELY.VICI PROPERTIES INC - COMPANY INTENDS TO FUND TRANSACTIONS THROUGH A COMBINATION OF CASH ON HAND, EQUITY AND LONG-TERM DEBT FINANCING.VICI -DEAL CONSIDERATION OF ABOUT $1.190 BILLION AND $214.0 MILLION, RENT UNDER CPLV LEASE AGREEMENT,HLV LEASE AGREEMENT TO RAISE BY $83.5 MILLION,$15.0 MILLION, RESPECTIVELY.VICI-UNDER MASTER TRANSACTION AGREEMENT, ALL EXISTING CAESARS LEASES WILL BE MODIFIED TO REFLECT A UNIFORM PARENT GUARANTEE FROM NEWLY COMBINED ENTITY.VICI PROPERTIES INC - ALL RENT COVERAGE FLOORS UNDER EXISTING CAESARS LEASES WILL BE ELIMINATED UNDER THE MASTER TRANSACTION AGREEMENT.  Full Article

ESPN And Caesars Entertainment Announce Innovative Collaboration For Sports Betting Content
Tuesday, 14 May 2019 

May 14 (Reuters) - Caesars Entertainment Corp ::ESPN AND CAESARS ENTERTAINMENT ANNOUNCE INNOVATIVE COLLABORATION FOR SPORTS BETTING CONTENT.CAESARS ENTERTAINMENT CORP - DEAL INCLUDES BUILDING A NEW ESPN-BRANDED STUDIO AT LINQ HOTEL & CASINO IN LAS VEGAS.CAESARS ENTERTAINMENT - CAESARS' DATA AND BRANDING WILL ALSO BE INTEGRATED ACROSS ESPN PROGRAMMING WITHIN COMING WEEKS FOR USE ACROSS ESPN'S CONTENT.CAESARS ENTERTAINMENT CORP - NEW ESPN-BRANDED STUDIO AT LINQ HOTEL & CASINO IN LAS VEGAS WILL LAUNCH IN 2020.CAESARS ENTERTAINMENT - CO WILL ALSO SERVE AS ESPN'S OFFICIAL ODDS DATA SUPPLIER ACROSS TV AND DIGITAL, RECEIVING ASSOCIATED ATTRIBUTION ACROSS ESPN.  Full Article

Caesars Entertainment Reports Q1 Loss Per Share $0.32
Thursday, 2 May 2019 

May 1 (Reuters) - Caesars Entertainment Corp ::CAESARS ENTERTAINMENT REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2019.Q1 LOSS PER SHARE $0.32.Q1 REVENUE $2.12 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.08 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $-0.18 -- REFINITIV IBES DATA.ENTERED INTO A MULTI-STATE AGREEMENT WITH DRAFTKINGS FOR ONLINE SPORTS BETTING.NET REVENUES INCREASE DRIVEN PRIMARILY BY $52 MILLION RISE IN LAS VEGAS NET REVENUE, $84 MILLION INCREASE IN OTHER U.S. NET REVENUE.EXCLUDING CENTAUR, QTRLY OTHER U.S. NET REVENUE DOWN $42 MILLION PRIMARILY DUE TO INCREASED COMPETITION IN ATLANTIC CITY.WEATHER NEGATIVELY IMPACTED OTHER U.S. NET REVENUES IN Q1 BY APPROXIMATELY $32 MILLION.QTRLY LAS VEGAS ADR INCREASED 2.1% WHILE REVPAR INCREASED 4.9%.LAS VEGAS OCCUPANCY WAS 95.0% IN QUARTER, UP FROM 92.5% IN 2018.  Full Article

Caesars To Name Anthony Rodio As CEO - WSJ
Monday, 15 Apr 2019 

April 14 (Reuters) - :CAESARS TO NAME ANTHONY RODIO AS CEO - WSJ.CAESARS ENTERTAINMENT CORP PREPARING TO NAME RODIO AS NEXT CEO AND SAY IT WILL EVALUATE TAKEOVER INTEREST IN THE CASINO OPERATOR- WSJ CITING SOURCES.  Full Article

Carl Icahn Raises Stake In Caesars Entertainment Corp To 15.53 Pct
Friday, 8 Mar 2019 

March 8 (Reuters) - Caesars Entertainment Corp ::CARL ICAHN RAISES STAKE IN CAESARS ENTERTAINMENT CORP TO 15.53 PERCENT AS OF MARCH 7 FROM A STAKE OF 9.78 PERCENT AS OF FEB 7 - SEC FILING.  Full Article

Appaloosa Cuts Stake in BofA, Caesars; Ups in PG&E
Friday, 15 Feb 2019 

Feb 14 (Reuters) - Appaloosa LP ::APPALOOSA REPORTS SHARE STAKE OF 6.5 MILLION SHARES IN PG&E AS OF DEC 31; HAD PREVIOUSLY REPORTED STAKE OF 4 MILLION SHARES AS OF SEPT 30.APPALOOSA REPORTS SHARE STAKE OF 25,000 SHARES IN BANK OF AMERICA AS OF DEC 31 VERSUS 3.4 MILLION SHARES AS OF SEPT. 30.APPALOOSA LP REPORTS SHARE STAKE OF 13.3 MILLION SHARES IN CAESARS ENTERTAINMENT AS OF DEC 31 VERSUS 14.5 MILLION SHARES AS OF SEPT. 30.CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article