Castleark Management LLC and
Suvretta Capital Management LLC marked significant investment in
Caesars Entertainment while
MidWestOne Financial Group Inc and
Point72 Asia Singapore Pte made substantial sales. Caesars’ presence has extended in Oregon by launching sports betting through a partnership with
Coquille Indian Tribe and accepting its sports wagers. David Tepper and Carl Icahn’s portfolio noted Caesars among their top stock picks.
CZR experienced a few fluctuations, falling
3.19% in May 19 and
20.1% post Last Earnings Report, while recent investments from
Progeny 3 Inc and
Deutsche Bank AG gives further confidence in the company. The debut of
Caesars’ online blackjack game added to company’s innovative moves. Q1 earnings though reportedly in line with expectations, stocks saw sluggish growth,
down 8% since last earnings reports. The earnings targeted accelerated free cash flow in 2025. Speculation of an online gambling public Spinoff adds an interesting twist to the scheme. Despite obstacles, Wall Street opinion seems mixed with some bullish sentiments. Major development steps were taken as CZR transformed Harveys Lake Tahoe into a Luxury Resort with a $160M Makeover. Additionally, the debut of its first live dealer studio and expansion of WSOP Online, again puts the company in the highlights.
Caesars Entertainment CZR News Analytics from Thu, 29 Aug 2024 07:00:00 GMT to Sat, 24 May 2025 12:15:45 GMT -
Rating 5
- Innovation 7
- Information 8
- Rumor 6
