CAESARS ENTERTAINMENT, INC.

(CZR)
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Delayed Nasdaq  -  04:00 2022-06-27 pm EDT
44.05 USD   -0.94%
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Caesars Sportsbook Names Official Sports Betting Partner of the Indy 500 and Indianapolis Motor Speedway

05/14/2022 | 10:00am EDT

Caesars Entertainment, Inc. and Indianapolis Motor Speedway announced a partnership to make Caesars Sportsbook an Official Sports Betting Partner of the Indy 500 and IMS. The collaboration also makes Caesars Sportsbook a sponsor for the remaining IMS races on the 2022 calendar, starting with the GMR Grand Prix on May 14, and includes the opening of the very first exclusive betting lounge at the Racing Capital of the World. The Caesars Sportsbook Lounge at Pagoda Plaza will greet spectators on practice and race days during the month of May providing Caesars Sportsbook app users with an elevated viewing experience, complimentary food and drink, live entertainment, and racing games to go along with branded giveaways throughout the course of every race. Additionally, Caesars Sportsbook receives access to IMS logos and marks, digital and social media assets, as well as a variety of exclusive VIP speedway experiences for its users at IMS available through the loyalty program, Caesars Rewards. Caesars has a legacy in Indiana through its best-in-class resorts including the newly branded Horseshoe Indianapolis, Harrah's Hoosier Park, and Horseshoe Hammond. Most recently, Caesars shared plans for a $39 million investment to expand the casino gaming floor of Harrah's Hoosier Park shortly following the completion of its significant $33.7 million enhancement and expansion to Horseshoe Indianapolis resulting in 25,000 square feet of new gaming space, including a live World Series of Poker Room with 20 tables. The IMS partnership includes race day support with video board placements, PA announcements, and program ads to promote Caesars Sportsbook. In celebration of the 106th running of the Indy 500, Caesars Sportsbook will offer new customers an exciting promotion: download the Caesars Sportsbook app and make a first-time deposit of $20 to receive $106 in free bets along with entry into the Caesars Sportsbook Lounge at Pagoda Plaza.


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Analyst Recommendations on CAESARS ENTERTAINMENT, INC.
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Financials (USD)
Sales 2022 10 799 M - -
Net income 2022 -610 M - -
Net Debt 2022 12 429 M - -
P/E ratio 2022 -15,5x
Yield 2022 -
Capitalization 8 705 M 8 705 M -
EV / Sales 2022 1,96x
EV / Sales 2023 1,64x
Nbr of Employees 49 000
Free-Float 95,4%
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Mean consensus BUY
Number of Analysts 15
Last Close Price 44,05 $
Average target price 103,47 $
Spread / Average Target 135%
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Managers and Directors
Thomas R. Reeg Chief Executive Officer & Director
Anthony L. Carano President & Chief Operating Officer
Bret Yunker Chief Financial Officer & Treasurer
Gary L. Carano Executive Chairman
Stephanie D. Lepori Chief Administrative & Accounting Officer
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