Caesars Entertainment Inc (OQ:CZR)

Sector:  Consumer Cyclicals Industry:  Casinos & Gaming
 
See Regulatory Filings on SEC
Company Contact
Address: 100 West Liberty Street, 12Th Floor
RENO NV 89501
Tel: N/A
Website: https://www.caesars.com
IR: See website
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Key People
Gary L. Carano
Executive Chairman of the Board
Anthony L. Carano
President, Chief Operating Officer
Thomas R. Reeg
Chief Executive Officer, Director
Bret Yunker
Chief Financial Officer
Edmund L. Quatmann
Executive Vice President, Chief Legal Officer and Secretary
Stephanie D. Lepori
Chief Administrative and Accounting Officer
Josh Jones
Chief Marketing Officer
   
Business Overview
Caesars Entertainment, Inc. is a diversified gaming and hospitality company. The Company operates through four segments: Las Vegas, Regional, Caesars Digital, and Managed and Branded, in addition to Corporate and Other. Its Las Vegas Segment properties include The Cromwell, Flamingo Las Vegas, and The LINQ Hotel & Casino. Its Regional properties include Circus Circus Reno, Grand Victoria Casino, and Horseshoe Baltimore. Its Managed and Branded properties include Harrah's Ak-Chin, Harrah's Cherokee, and Harrah's Cherokee Valley River. Its resorts operate primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names. It offers diversified gaming, entertainment and hospitality amenities, destinations, and a full suite of mobile and online gaming and sports betting experiences. Its business include casino, which includes its retail and online sports betting and iGaming, food and beverage, hotel, casino management services, entertainment, retail, and other business operations.
Financial Overview
For the fiscal year ended 31 December 2023, Caesars Entertainment Inc revenues increased 7% to $11.53B. Net income before extraordinary items totaled $786M vs. loss of $513M. Revenues reflect Caesars Digital segment increase of 78% to $973M, Las Vegas segment increase of 4% to $4.47B. Net Income reflects General and administrative decrease of 3% to $2.01B (expense), Amortization of Intangibles decrease of 23% to $144M (expense).
Employees: 51,000 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $32,366M as of Dec 31, 2023
Annual revenue (TTM): $11,528M as of Dec 31, 2023
EBITDA (TTM): $3,822M as of Dec 31, 2023
Net annual income (TTM): $786.00M as of Dec 31, 2023
Free cash flow (TTM): $515.00M as of Dec 31, 2023
Net Debt Last Fiscal Year: $24,043M as of Dec 31, 2023
Shares outstanding: 216,299,768 as of Feb 15, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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