Caesars Entertainment Inc

NASDAQ:CZRUnited States

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• DJ Caesars Entertainment Sells $1.1B of Senior Notes, Authorizes $500M Share Buyback, from 26 minutes ago by Dow Jones

  26 minutes ago by Dow Jones
  Companies Mentioned: CZR
  By Connor Hart Caesars Entertainment sold $1.1 billion of senior notes and its board has authorized a new buyback program to purchase up to $500 million of its common stock. The casino and entertainment company said on Wednesday the notes pay a 6% interest rate and are due in 2032. The new buyback plan comes after the company said it repurchased almost 3.9 million shares of its common stock during the third quarter under a previously disclosed $150 million authorization approved by its board in 2018, according to a Securities and Exchange Commission filing. The company also said it expects to receive in the fourth quarter half of the money it is due under a $500 million deal to sell intellectual property associated with the World Series of Poker to NSUS Group that was announced in August. A majority of the proceeds from the sale are expected to used to repay debts or reinvest in the business, the company said, according to the filing. Shares ended the regular session up 5.3% at $42.95, but are down 8.4% this year. The stock is flat in after-hours trading. Write to Connor Hart at connor.hart@wsj.com (END) Dow Jones Newswires October 02, 2024 19:20 ET (23:20 GMT)

• Caesars Entertainment Prices $1.1 Billion Private Placement of 2032 Senior Notes, from 2 hours ago by MT Newswires

  2 hours ago by MT Newswires
  Companies Mentioned: CZR
  05:35 PM EDT, 10/02/2024 (MT Newswires) -- Caesars Entertainment (CZR) priced a $1.1 billion private placement of 6% senior notes due 2032 at 100% of the principal amount. The offering expected to close around Oct. 17, the company said Wednesday in ...

• Dow, Nasdaq Eke Out Gains Following Latest Macro Data, Fed Official's Comments, from 2 hours ago by MT Newswires

  2 hours ago by MT Newswires
  Companies Mentioned: HUM, NKE, ADP, CZR
  04:55 PM EDT, 10/02/2024 (MT Newswires) -- The Dow Jones Industrial Average and the Nasdaq Composite closed marginally higher Wednesday as traders assessed the latest economic data and remarks by a Federal Reserve official. The Dow and the technolog...

• Caesars Entertainment, Inc. Announces Pricing of Offering of Senior Notes, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: CZR
  
  Any forward-looking statements are based upon underlying assumptions, including any assumptions mentioned with the specific statements, as of the date such statements were made. Such assumptions are in turn based upon internal estimates and analyses of market conditions and trends, management plans and strategies, economic conditions and other factors. Such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control, and are subject to change. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend upon future circumstances that may not occur. Actual results and trends may differ materially from any future results, trends, performance or achievements expressed or implied by such statements. Forward-looking statements speak only as of the date they are made, and we assume no duty to update forward-looking statements. Forward-looking statements should not be regarded as a representation by us or any other person that the forward-looking statements will be achieved. Undue reliance should not be placed on any forward-looking statements. Some of the contingencies and uncertainties to which any forward-looking statement contained herein are subject include, but are not limited to, the following: (a) the impact of economic trends, inflation, public health emergencies, terrorist attacks and other acts of war or hostility, work stoppages and other labor problems, and other economic and market conditions, including reductions in discretionary consumer spending as a result of downturns in the economy and other factors outside our control, on our business, financial results and liquidity; (b) the impact of future cybersecurity breaches on our business, financial conditions and results of operations; (c) our ability to successfully operate our digital betting and iGaming platform and expand its user base; (d) risks associated with our leverage and our ability to reduce our leverage; (e) the effects of competition, including new competition in certain of our markets, on our business and results of operations; and (f) additional factors discussed in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K as filed with the Securities and Exchange Commission.
  

• DJ These Stocks Moved the Most Today: Humana, Nike, Tesla, Conagra, Joby Aviation, Caesars, and More -- Barrons.com, from 2 hours ago by Dow Jones

  2 hours ago by Dow Jones
  Companies Mentioned: HUM, NKE, TSLA, LPLA, LW, CZR, JOBY, CAG
  
  By Joe Woelfel
  
  Stocks made a U-turn as investors got back into equities the day after a spike in tensions in the Middle East.
  
  These stocks were making moves Wednesday: