Caesars Entertainment (CZR) has seen significant movement in its stock with multiple asset management firms and trusts amassing significant shares including Russell Investments Group Ltd, BNP PARIBAS ASSET MANAGEMENT, QRG Capital Management Inc. and Sei Investments Co. Billionaire investor, Carl Icahn, is also said to be building a significant stake in the casino operator. However, the company has missed its Q1 and Q4 sales targets with its stock also downgraded to negative at Susquehanna. Though facing concerns due to bad weather impact and a downturn since its last earnings report, Caesars has made exciting strides like the introduction of first-of-its-kind functionality in its online casino platform and expanded its sportsbook in Washington, D.C. The future prospects seem to look challenging with the company expecting a reduction in annual revenue, yet, the company's digital growth is assessed to be strong.
Caesars Entertainment CZR News Analytics from Wed, 11 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 14:44:29 GMT -
Rating -4
- Innovation 1
- Information 6
- Rumor -1
