Caesars Entertainment (CZR) has been the focus of robust financial activity in recent times, receiving a
buy rating due to its impressive digital growth and strong cash flow.
Deutsche Bank AG, Invesco Ltd., and Vanguard Group Inc are notable stakeholders having increased their CZR shares. Meanwhile,
Citigroup Inc. and Wolverine Asset Management lightened their CZR holdings. The company's
Q2 earnings exceeded revenue estimates but also reported a loss.
Kitty Glitter Grand, an exclusive IGT slot game, and
Signature American Roulette, a proprietary online casino game, were launched, broadening CZR's gaming portfolio. The company's stock experienced a continuous
loss streak, depreciating in value over several days and is currently down by 20.1%. Despite these challenges,
CZR shares remain Rovida Advisors Inc.'s 6th largest position.
Sales in Q2 were better than expected, despite
declining revenue from Las Vegas operations. The company is also considering an online gambling public spinoff and has initiated a new project in Sonoma County.
Two new independent directors have also been appointed, indicating the management is actively seeking fresh perspectives.
Caesars Entertainment CZR News Analytics from Wed, 23 Oct 2024 07:00:00 GMT to Sat, 16 Aug 2025 19:40:52 GMT -
Rating -3
- Innovation 2
- Information 6
- Rumor -1
