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Blue Chip Growth

Stock Report: Caesars Entertainment Corporation (CZR) Report Updated: Feb 08, 2016 | Print This Page

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Caesars Entertainment Corporation (CZR)

Rating: Hold Volatility: Aggressive
Total Grade: C Industry: Hotels Restaurants & Leisure
Competitors: MTN, PLAY, CHUY, BYD
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Company Profile

Caesars Entertainment Corporation, primarily through its subsidiary, Caesars Entertainment Operating Company, Inc., provides casino entertainment services. Its casino entertainment facilities include land-based casinos, riverboat or dockside casinos, managed casinos, combination greyhound racetrack and casino, combination thoroughbred racetrack and casino, and harness racetrack and casino, as well as hotel and convention space, restaurants, and non-gaming entertainment facilities. The company’s casinos operate primarily under the Harrah’s, Caesars, and Horseshoe brand names. It also owns and operates an online gaming business that provide real money casino, bingo, and poker games under the WSOP and Caesars brands in the United Kingdom; has alliances with online gaming providers in Italy and France; offers ‘play for fun’ casino genre games to residents internationally; and provides social games on Facebook, other social media Websites, and mobile application platforms. In addition, it owns and operates the World Series of Poker tournament and brand; and a golf course on 175 acres of prime real estate through a land concession on the Cotai strip in Macau. As of December 31, 2011, Caesars Entertainment Corporation owned, operated, or managed 52 casinos in the United States, England, Scotland, Canada, Uruguay, Egypt, and South Africa. Its facilities had an aggregate of approximately 3 million square feet of gaming space and approximately 42,000 hotel rooms. The company was formerly known as Harrah’s Entertainment, Inc. and changed its name to Caesars Entertainment Corporation in November 2010. Caesars Entertainment Corporation was founded in 1937 and is based in Las Vegas, Nevada. Caesars Entertainment Corporation is a subsidiary of Hamlet Holdings LLC.

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