Caesars Entertainment, reported second quarter
earnings, with a surprising
break-even which didn't meet analysts' expectations. Resulting in reduced price targets by analysts from
Jefferies Financial Group and
Wells Fargo among others.
Caesar's underperformance was hampered by a $500 million sale of their
World Series of Poker brand, and unexpected weather events. Although performance in
Las Vegas remained flat. Within this period, the company made charitable donations to the tune of $3.1 million, through the
Caesars Foundation. Despite, the
Q2 earnings miss, the stocks received an upgrade from some analysts. Furthermore, activist investor
Carl Icahn revealed a significant stake in
Caesars Entertainment, indicating his confidence in the company's potential. Lastly, the company made leaps in technology with an upgrade in its Online Casino App showcasing a first-of-its-kind functionality, alongside the unveiling of the company’s first Nebraska Property, Harrah’s Columbus Nebraska Racing and Casino.
Caesars Entertainment CZR News Analytics from Sun, 18 Feb 2024 08:00:00 GMT to Sun, 04 Aug 2024 18:00:44 GMT -
Rating -4
- Innovation 7
- Information -2
- Rumor -3
