Caesars Entertainment (NASDAQ:CZR) has witnessed increased investments from large firms like Sei Investments Co., WINTON GROUP Ltd, Virtu Financial LLC, and AXQ Capital LP. Despite a surprising Q4 profit and beating earnings estimates, share price has dropped 4.8% and its stock has recently hit a new 12-month low due to reported sales below analyst estimates and a shock 29% plunge in share price. The casino giant has made notable moves like the successful Garth Brooks residency, making a substantial $130M for Caesars Palace, and the potential launch of an online gambling public spinoff.However, negative outcomes from a quarterly loss that missed Wall Street estimates pose downside risks, making its investment attractiveness mix. Despite the challenges, new independent directors have been brought on board and the launch of an exclusive live dealer studio in Pennsylvania all point towards a positive, albeit cautious, outlook for CZR's innovation.
Caesars Entertainment CZR News Analytics from Mon, 01 Jul 2024 07:00:00 GMT to Sun, 30 Mar 2025 01:57:14 GMT -
Rating -3
- Innovation 2
- Information 7
- Rumor 4
