Caesars Entertainment Inc. has reported a
Q3 loss that missed revenue estimates, leading to a decrease in the stock value, even though there was some rise in recent weeks. Significant bearish indications were observed in trades prompting
CFRA to downgrade the status of Caesars from hold to sell. The company's
Q3 earnings indicated a failings, with its
Las Vegas and regional properties underperforming than that of the previous year.
In a surprising turn of events, Caesars has entered an agreement to
sell the LINQ Promenade, an outdoor retail, dining, and entertainment plaza in Las Vegas. Multiple analysts adjusted their outlook on the stock post Q3 earnings report, reiterating the lower-than-expected earnings. Interestingly, Caesars also reported a
definitive sale of the
World Series of Poker brand to NSUS Group for US$500 million.
Despite a negative recent performance, some Analysts and Investors, including the well-known figure
Carl Icahn, remain positive about
Caesars’ potential. In addition, Caesars’
continuous innovation in the area of technology and customer experience areas is worth noting, with the company recently launching its newest proprietary iGaming platform.
Caesars Entertainment CZR News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Fri, 01 Nov 2024 22:47:21 GMT -
Rating -4
- Innovation 2
- Information 6
- Rumor 1
