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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Caesars Entertainment, Inc.    CZR


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Caesars Entertainment : Rio All-Suite Hotel & Casino to Reopen Dec. 22; Caesars Entertainment's Final Resort to Reopen Company-wide with World-Renowned Comedy-Magic Duo Penn & Teller Returning to the Stage

11/13/2020 | 09:25am EST

LAS VEGAS - Caesars Entertainment, Inc. (NASDAQ: CZR) ('Caesars' or 'the Company') today announced plans to resume operations at Rio All-Suite Hotel & Casino, as its final property to reopen company-wide in the U.S. and Canada, following the COVID-19 pandemic. Beginning Tuesday, Dec. 22 at 10 a.m. Pacific Time, the hotel will accommodate weekend stays, Thursday through Monday, while the gaming floor will be open seven days a week.

The resumption of business at Rio All-Suite Hotel & Casino follows the successful reopening of all Caesars regional casinos and hotels across the country, in addition to the Company's other Las Vegas properties.

'As the Rio All-Suite Hotel & Casino prepares to resume operations on December 22, this marks the final Caesars Entertainment resort to reopen in the U.S. and Canada,' said Anthony Carano, President and Chief Operating Officer of Caesars Entertainment, Inc. 'The past nine months have been filled with challenges, as well as opportunities including the merging of our two gaming companies to form the new Caesars Entertainment. We recognize the incredible effort it has taken to reopen our resorts and get us to this important milestone, and we look forward to welcoming our Team Members and Guests back to Rio with their health and safety still top of mind.'

The following amenities will open at Rio All-Suite Hotel & Casino:


Penn & Teller - Performance schedule to be announced at a later date. For more information and to purchase tickets, please visit www.riolasvegas.com.


All-American Bar & Grille

Hash House A Go Go

Starbucks (near the hotel elevators)

VooDoo Steak

Sports Deli

Bars and Lounges

Shutters Bar


Purple Zebra Daiquiri Bar

Race & Sports Book Bar

Masquerade Bar


William Hill Race & Sports Book

Keno Lounge

Slot Machines

Table Games

Fitness Center

Fitness Center


Additionally, Rio All-Suite Hotel & Casino will debut the newly branded William Hill Sports Book on reopening day, with new customer offerings that include self-service sports betting kiosks and an expanded betting menu featuring LIVE InPlay Wagering.

Guests can save up to 20 percent on their next stay at Rio All-Suite Hotel & Casino with Caesars' Fall Savings Sale from Nov. 2-23, for select travel dates through September 2021. This hotel offer is based on availability and cannot be combined with any other offer. Offer code: FALL20.

During the holiday season, Rio All-Suite Hotel & Casino will also accommodate hotel reservations seven days a week Dec. 23, 2020 through Jan. 3, 2021. Self-parking at Rio All-Suite Hotel & Casino will remain free for all guests, but the valet will remain closed at this time.

Caesars Entertainment has reopened all other Las Vegas properties including Caesars Palace Las Vegas, Flamingo Las Vegas, Harrah's Las Vegas, Paris Las Vegas, Bally'sLas Vegas, The LINQ Hotel + Experience, Planet Hollywood Resort & Casino and The Cromwell, as well as The LINQ Promenade, High Roller Observation Wheel, FLY LINQ and Eiffel Tower Viewing Deck.

Rio All-Suite Hotel & Casino has implemented Caesars' new health and safety protocols, which enhance its existing plans and practices in these areas. All Caesars properties are focused on the well-being of team members, guests and the community, and continue to work to create an environment with high standards of sanitization and physical distancing practices. Among the enhanced health and safety protocols include more frequent cleaning and sanitization. Caesars has also implemented a health screening program for all employees. Team members and guests are required to wear masks, which the Company makes available, at all Caesars properties.

For more information on the Company's health and safety protocols, visit: www.Caesars.com/health.

About Caesars Entertainment, Inc.

Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in the U.S. and one of the world's most diversified casino-entertainment providers. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions and acquisitions. Caesars Entertainment's resorts operate primarily under the Caesars, Harrah's, Horseshoe and Eldorado brand names. Caesars Entertainment offers diversified amenities and one-of-a-kind destinations, with a focus on building loyalty and value with its guests through a unique combination of impeccable service, operational excellence and technology leadership. Caesars Entertainment is committed to its employees, suppliers, communities and the environment through its PEOPLE PLANET PLAY framework. For more information, please visit www.caesars.com/corporate.

Forward-Looking Statements

This press release includes 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts and by the use of words such as 'plan,' 'will,' 'continue,' or the negative or other variations thereof or comparable terminology. These forward-looking statements are based on current expectations and projections about future events. You are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified and, consequently, the actual performance and results of the Company may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: future actions, new projects, strategies, future performance, the outcomes of contingencies, future financial results of the Company, and uncertainties related to COVID-19 and the impact of the Company's responses to it; and other factors described from time to time in our reports filed with the Securities and Exchange Commission. You are cautioned to not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.

SOURCE Caesars Entertainment, Inc.

Robert Jarrett, rjarrett@caesars.com; Kristin Soo Hoo, ksoohoo@caesars.com

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 3 658 M - -
Net income 2020 -1 539 M - -
Net Debt 2020 15 228 M - -
P/E ratio 2020 -6,97x
Yield 2020 -
Capitalization 16 564 M 16 564 M -
EV / Sales 2020 8,69x
EV / Sales 2021 3,85x
Nbr of Employees 15 500
Free-Float 95,1%
Duration : Period :
Caesars Entertainment, Inc. Technical Analysis Chart | CZR | US12769G1004 | MarketScreener
Technical analysis trends CAESARS ENTERTAINMENT, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 16
Average target price 84,63 $
Last Close Price 79,53 $
Spread / Highest target 32,0%
Spread / Average Target 6,41%
Spread / Lowest Target -29,6%
EPS Revisions
Managers and Directors
Thomas R. Reeg Chief Executive Officer & Director
Anthony L. Carano President & Chief Operating Officer
Gary L. Carano Executive Chairman
Bret Yunker Chief Financial Officer & Treasurer
Bonnie S. Biumi Independent Director
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