Caesars Entertainment (CZR)
Runs casino resorts, hotels, and digital betting operations across North America.
Something off on this page? Send us feedback.
Operates casino resorts and hotels alongside retail and online wagering. Its portfolio was assembled through Eldorado-led acquisitions, including former Caesars and William Hill.
Casino resorts and hotels form the core of a North American hospitality portfolio, complemented by retail and online wagering. Guest loyalty, service, operational execution, and digital offerings are elements of its stated operating approach.
The acquisition-led Eldorado platform acquired former Caesars, adopted the Caesars name, and took over the CZR ticker. The transaction combined a regional operator with a larger casino estate. William Hill's acquisition expanded the post-merger business into betting. Operations depend on gaming licenses and approvals, while the pending Fertitta transaction also needs shareholder, HSR, and gaming regulatory approvals to close.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 29, 2026 | Cowen & Co. | Downgrade | ||
| Jul 29, 2026 | TD Cowen | Downgrade | ||
| Jul 23, 2026 | Capital One Financial | Target | Target: — | Target: $31 |
| Jul 9, 2026 | Barclays | Downgrade | Target: $35 | Target: $31 |
| Jul 2, 2026 | UBS | Target | Target: — | Target: $31 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.06B · Total debt $24.86B · Total assets $31.74B · Shareholders' equity $3.38B
- Revenue
- $2.99B
- Operating income
- $513.0M
- Net income
- −$41.0M
No dividends on record.
| Institutions | 98.11% | 199.88M shares | |
|---|---|---|---|
| 467 holders · as of Jun 30, 2026 | |||
| Insiders | 0.76% | 1.54M shares | |
| 12 holders · as of Sep 16, 2026 | |||
| Strategic holders | 6.19% | 12.61M shares | |
| 1 holder · as of Nov 14, 2024 | |||
| Adds to | 105.06% | ||
203.72M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 105.06%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.50% | 27.50M | as of Jun 30, 2026 |
Capital World InvestorsInstitution | 7.95% | 16.19M | filed Nov 13, 2025 |
Janus Henderson Group PLCStrategic | 6.19% | 12.61M | filed Nov 14, 2024 |
Pentwater Capital Management LPInstitution | 5.63% | 11.47M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.06% | 10.30M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | David P. Tomick | director | −7,142 | $29.71 |
| Sep 14, 2026 | David P. Tomick | director | −7,000 | $29.66 |
| Mar 3, 2025 | David P. Tomick | director | +1,850 | $33.36 |
| Sep 11, 2026 | David P. Tomick | director | −7,000 | $29.68 |
| Sep 10, 2026 | David P. Tomick | director | −7,000 | $29.67 |
- MGM Resorts International
Las Vegas Strip resorts and MGM Digital overlap in casino and online gaming
- PENN® Entertainment
Regional casinos plus online sportsbook and iCasino overlap in U.S. markets
- Flutter Entertainment
FanDuel overlaps in U.S. online sportsbook and iGaming
- Boyd Gaming
U.S. regional casinos and online gaming overlap across Nevada and key states
- DraftKings
Online sportsbook and iGaming overlap across regulated U.S. markets
- Wynn Resorts
Las Vegas casino resorts overlap in gaming, hotel rooms and amenities
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Caesars Entertainment | $29.66 | +0.04% | $6.04B | — | — | 0.5 | +3.0% |
| MGM Resorts International | $38.52 | −0.56% | $9.74B | 23.5 | 23.4 | 0.5 | +1.1% |
| PENN® Entertainment | $16.04 | −0.59% | $2.16B | — | 11.0 | 0.3 | +5.2% |
| Flutter Entertainment | $89.46 | +2.99% | $15.07B | — | 14.4 | 0.9 | +3.3% |
| Boyd Gaming | $72.20 | −0.52% | $5.27B | 3.2 | 9.7 | 1.3 | +0.0% |
| DraftKings | $22.03 | +0.27% | $10.90B | — | 28.0 | 1.8 | −4.6% |
| Wynn Resorts | $82.62 | −0.85% | $8.65B | 20.0 | 18.6 | 1.2 | +6.9% |
| Median | 20.0 | 16.5 | 1.0 | +2.2% |