{{Short description|American gaming company}} {{about|the Reno-based company that adopted this name in 2020|other uses}} {{Infobox company | name = Caesars Entertainment, Inc. | logo = Caesars_Entertainment_logo_2020.svg | former_name = Eldorado Resorts, Inc. (1996–2020) | type = Public | traded_as = {{ubl|{{NASDAQ|CZR}}|S&P 600 component}} | industry = {{ubl|Gambling|hospitality}} | founded = {{Start date and age|1996||}} | fate = | hq_location = Reno, Nevada, U.S. | area_served = United States | products = {{ubl|class=nowrap|Hotels|Casinos}} | brands = {{ubl|Caesars|Eldorado|Harrah's|Horseshoe|Tropicana}} | key_people = {{ubl|Gary Carano (executive chairman)|Thomas Reeg (CEO)|Anthony Carano|(president and COO)}} | revenue = {{decrease}} {{US$|11.2|link=yes}} billion | revenue_year = 2024 | net_income = {{decrease}} {{US$|-211}} million | net_income_year = 2024 | assets = {{decrease}} {{US$|32.6}} billion | assets_year = 2024 | equity = {{decrease}} {{US$|4.38}} billion | equity_year = 2024 | owner = | num_employees = 50,000 | num_employees_year = 2024 | website = {{URL|caesars.com}} | footnotes = <ref>{{Cite report |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1590895/000159089525000068/czr-20241231.htm |title=2024 Annual Report (Form 10-K) |date=February 25, 2025 |publisher=U.S. Securities and Exchange Commission}}</ref> }}
'''Caesars Entertainment, Inc.''', formerly '''Eldorado Resorts, Inc.''', is an American hotel and casino entertainment company founded and based in Reno, Nevada, that operates more than 50 properties.<ref>{{cite web|title=Properties|publisher=Eldorado Resorts|url=https://www.eldoradoresorts.com/properties|access-date=2018-10-11|archive-date=2021-02-10|archive-url=https://web.archive.org/web/20210210220523/https://www.eldoradoresorts.com/properties|url-status=dead}}</ref> Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020.
==History== thumb|Eldorado Resorts logo (2014–2020)
=== 1973–2000 === The company traces its history back to the development of the Eldorado Hotel in Reno, which was opened in May 1973, by a group of investors that included Don Carano and other members of the Carano family.<ref>{{cite report|title=Form 10-K: Annual Report|publisher=Eldorado Resorts|date=March 1, 2019|page=1|url=https://www.sec.gov/Archives/edgar/data/1590895/000156459019005640/eri-10k_20181231.htm|via=EDGAR}}</ref><ref>{{cite news|title=Eldorado Hotel granted license|newspaper=Nevada State Journal|agency=UPI|date=May 25, 1973|url=https://www.newspapers.com/clip/29661488/eldorado_hotel_granted_license/|via=Newspapers.com}}</ref><ref>{{cite news|title=Planned for downtown location: $6.2 million Reno luxury hotel complex|newspaper=Reno Evening Gazette|date=July 17, 1972|url=https://www.newspapers.com/clip/29661750/planned_for_downtown_location_62/|via=Newspapers.com}}</ref>
In July 1995, the Eldorado opened the adjacent Silver Legacy Resort Casino in partnership with Circus Circus Enterprises.<ref>{{cite news|title=It's Legacy's big day|newspaper=Reno Gazette-Journal|author=Don Cox|date=July 28, 1995|url=https://www.newspapers.com/clip/29662934/its_legacys_big_day/|via=Newspapers.com}}</ref>
The Eldorado companies were reorganized in 1996 as Eldorado Resorts LLC in connection with a $100 million bond offering.<ref>{{cite report|title=Form S-4: Registration of Securities|publisher=Eldorado Resorts LLC|date=September 12, 1996|page=4|url=https://www.sec.gov/Archives/edgar/data/1022644/0000912057-97-010912.txt|via=EDGAR}}</ref><ref>{{cite news|title=Eldorado raises $100M|newspaper=Reno Gazette-Journal|author=John Stearns|date=August 21, 1996|url=https://www.newspapers.com/clip/29663919/eldorado_raises_100m/|via=Newspapers.com}}</ref>
=== 2000–2020 === In 2005, the company took over the bankrupt Hollywood Casino Shreveport in Louisiana, buying a 76 percent stake in the property for $154 million.<ref>{{cite news|title=Eldorado resorts takes over Hollywood casino|newspaper=The News-Star|location=Monroe, LA|author=John Hill|date=July 20, 2005|url=https://www.newspapers.com/clip/29664649/eldorado_resorts_takes_over_hollywood/|via=Newspapers.com}}</ref> It was then rebranded as the Eldorado Casino Shreveport.<ref>{{cite news|title=Eldorado Casino Shreveport shuts to begin changeover|newspaper=Reno Gazette-Journal|author=Cristina Rodriguez|date=October 26, 2005|url=https://www.newspapers.com/clip/29664751/eldorado_casino_shreveport_shuts_to/|via=Newspapers.com}}</ref>
In 2013, Eldorado agreed to combine with the publicly traded MTR Gaming Group in a reverse merger.<ref name=lvrj20130909>{{cite news|title=MTR Gaming, Eldorado Resorts agree to merge|newspaper=Las Vegas Review-Journal|agency=AP|date=September 9, 2013|url=https://www.reviewjournal.com/business/casinos-gaming/mtr-gaming-eldorado-resorts-agree-to-merge/|access-date=2019-03-18}}</ref><ref>{{cite report|title=Form 424B3: Prospectus|publisher=MTR Gaming Group|date=June 16, 2014|page=155|url=https://www.sec.gov/Archives/edgar/data/1590895/000104746914005681/a2220514z424b3.htm|via=EDGAR}}</ref> The merger would add three racinos in Ohio, Pennsylvania, and West Virginia to Eldorado's portfolio.<ref>{{cite news|title=Presque Isle owner, hurt by casinos in Ohio, OKs merger|newspaper=The Plain Dealer|location=Cleveland, OH|author=Thomas Ott|date=September 11, 2013|url=https://infoweb.newsbank.com/resources/openurl?ctx_ver=z39.88-2004&rft_dat=document_id%3Anews%252F148C0805C33BE568&rft_id=info%3Asid%2Finfoweb.newsbank.com&rft_val_format=info%3Aofi%2Ffmt%3Akev%3Amtx%3Actx&svc_dat=AWNB&req_dat=1028A39C75C2B899|via=NewsBank}}</ref> The transaction closed on September 19, 2014, creating Eldorado Resorts Inc. in its present form.<ref name=guerriero>{{cite news|title=MTR Gaming merger with Eldorado now official|newspaper=Erie Times-News|author=John Guerriero|date=September 20, 2014|url=http://www.goerie.com/mtr-gaming-merger-with-eldorado-now-official|access-date=2014-11-27}}</ref> Eldorado's existing owners held 50.2 percent of the combined company, and Gary Carano was appointed as its chairman and CEO.<ref name=guerriero />
In November 2015, Eldorado bought Circus Circus Reno and the 50% stake in the Silver Legacy that it did not already own from MGM Resorts International for $73 million.<ref>{{cite news|last=Stutz|first=Howard|url=https://www.reviewjournal.com/business/casinos-gaming/eldorado-completes-72-5-million-purchase-of-mgms-reno-properties/|title=Eldorado completes $72.5M purchase of MGM's Reno properties|date=November 24, 2015|newspaper=Las Vegas Review-Journal|access-date=November 24, 2015}}</ref><ref>{{cite news|last=Higdon|first=Mike|url=http://www.rgj.com/story/money/business/2015/11/24/s-official-eldorado-resorts-buys-circus-circus-and-silver-legacy/76291466/|title=It's official: Eldorado Resorts buys Circus Circus and Silver Legacy|date=November 24, 2015|newspaper=Reno Gazette-Journal|access-date=November 24, 2015}}</ref>
In May 2017, Eldorado acquired Isle of Capri Casinos for $1.7 billion in cash, stock, and assumed debt, adding twelve casinos to its holdings.<ref>{{cite news|title=Eldorado completes Isle of Capri buyout, names Alberici exec to board|newspaper=St. Louis Business Journal|author=Diana Barr|date=May 2, 2017|url=https://www.bizjournals.com/stlouis/news/2017/05/02/eldorado-completes-isle-of-capri-buyout-names.html|access-date=2018-04-23}}</ref>
In August 2018, Eldorado bought the Grand Victoria Casino in Illinois for $328 million.<ref>{{cite news|title=Elgin's Grand Victoria Casino to sell for $327.5 million|newspaper=Chicago Tribune|author=Corilyn Shropshire|date=April 16, 2018|url=http://www.chicagotribune.com/business/ct-biz-grand-victoria-casino-sold-20180416-story.html|access-date=2018-04-23}}</ref><ref>{{cite press release|title=Eldorado Resorts completes acquisition of Grand Victoria Casino|publisher=Eldorado Resorts|date=August 7, 2018|url=https://www.businesswire.com/news/home/20180807005508/en/Eldorado-Resorts-Completes-Acquisition-Grand-Victoria-Casino|via=Business Wire|access-date=2018-08-07}}</ref> Two months later, Eldorado acquired the operating business of Tropicana Entertainment for $640 million, adding seven casinos to its portfolio. Gaming and Leisure Properties simultaneously purchased the real estate of five of the casinos and leased them to Eldorado for a total of $88 million per year.<ref name=eldoradopr>{{cite press release|title=Eldorado Resorts completes Tropicana Entertainment acquisition|publisher=Eldorado Resorts|date=October 1, 2018|url=https://www.businesswire.com/news/home/20181001005871/en/Eldorado-Resorts-Completes-Tropicana-Entertainment-Acquisition|via=BusinessWire|access-date=2018-10-11}}</ref><ref>{{cite press release|title=Gaming and Leisure Properties, Inc. completes previously announced acquisition of the real estate assets of Tropicana Entertainment|publisher=Gaming and Leisure Properties|date=October 1, 2018|url=https://globenewswire.com/news-release/2018/10/01/1588094/0/en/Gaming-and-Leisure-Properties-Inc-Completes-Previously-Announced-Acquisition-of-the-Real-Estate-Assets-of-Tropicana-Entertainment.html|access-date=2018-10-11}}</ref><ref>{{cite news|title=Belle of Baton Rouge changes hands for $18 million as part of Tropicana acquisition |newspaper=The Advocate|location=Baton Rouge, LA|author=Sam Karlin|date=October 5, 2018|url=https://www.theadvocate.com/baton_rouge/news/business/article_36a2c9ee-c8de-11e8-80bc-83c77f5a1631.html|access-date=2018-10-11}}</ref> Additionally, Eldorado paid $246 million for the real estate underlying Tropicana's Lumière Place casino in Missouri.<ref name=eldoradopr />
In early 2019, Eldorado sold Presque Isle Downs and the operations of Lady Luck Casino Nemacolin to Churchill Downs, Inc. for a total of $179 million.<ref>{{cite news|title=Churchill Downs completes purchase of Presque Isle Downs & Casino|newspaper=Erie Times-News|date=January 12, 2019|url=http://www.goerie.com/news/20190112/churchill-downs-completes-purchase-of-presque-isle-downs-amp-casino|access-date=2019-01-12}}</ref><ref>{{cite news|title=Churchill Downs buys Lady Luck Casino Nemacolin in Pennsylvania|newspaper=The Courier-Journal|location=Louisville, KY|author=Billy Kobin|date=March 9, 2019|url=https://www.courier-journal.com/story/news/2019/03/09/churchill-downs-acquires-pennsylvania-lady-luck-casino-nemacolin/3113513002/|access-date=2019-03-11}}</ref>
In March 2019, it was reported that Eldorado was discussing a merger with Caesars Entertainment.<ref>{{cite news|url=https://www.cnbc.com/2019/03/17/reuters-america-exclusive-eldorado-resorts-caesars-explore-merger-sources.html|last=Roumeliotis|first=Greg|date=Mar 17, 2019|title=EXCLUSIVE-Eldorado Resorts, Caesars explore merger|work=CNBC|access-date=March 18, 2019|archive-date=June 26, 2019|archive-url=https://web.archive.org/web/20190626213605/https://www.cnbc.com/2019/03/17/reuters-america-exclusive-eldorado-resorts-caesars-explore-merger-sources.html|url-status=dead}}</ref> In June 2019, Caesars accepted Eldorado's offer to purchase Caesars for $18 billion in stock and cash.<ref>{{cite news|last=Roumeliotis|first=Greg|url=https://www.reuters.com/article/us-caesars-m-a-eldorado/eldorado-resorts-clinches-18-billion-cash-and-stock-deal-for-caesars-sources-idUSKCN1TO0VF|title=Eldorado Resorts clinches $18 billion cash and stock deal for Caesars: sources|date=June 23, 2019|work=Reuters|access-date=June 23, 2019}}</ref> Eldorado operated 26 assets compared to Caesars, which controlled 53.<ref>{{cite web|url=https://www.rgj.com/story/money/business/2019/06/23/report-eldorado-resorts-merging-caesars-18-billion-deal/1543786001/|last=Hidalgo |first=Jason |date=June 23, 2019|title=Report: Eldorado Resorts merging with Caesars in $18 billion deal|work=Reno Gazette-Journal|access-date=June 23, 2019}}</ref> Eldorado would change its name to Caesars Entertainment after the completion of the acquisition, and the companies' loyalty programs would be combined under the Caesars Rewards brand. Eldorado's key executives would be retained.{{citation needed|date=June 2019}} The deal was expected to be completed in the middle of 2020.<ref>{{cite web |title=Stockholders Approve Eldorado's Acquisition of Caesars |url=https://www.ktvn.com/story/41328773/stockholders-approve-eldorados-acquisition-of-caesars |website=www.ktvn.com |access-date=16 November 2019 |language=en}}</ref>
=== Since 2020 === With the Caesars acquisition pending, Eldorado sold three properties (Lady Luck Casino Caruthersville, Mountaineer Casino Racetrack and Resort and Isle Casino Cape Girardeau) to Vici Properties and Century Casinos for a total of $385 million, with Vici acquiring the real estate assets and Century acquiring the operating businesses.<ref>{{cite news|title=Eldorado Resorts closes 3 property sales for $385M|newspaper=Las Vegas Review-Journal|date=December 6, 2019|author=Bailey Schulz|url=https://www.reviewjournal.com/business/casinos-gaming/eldorado-resorts-closes-3-property-sales-for-385m-1908748/|access-date=2019-12-08}}</ref> Eldorado also sold Lady Luck Casino Vicksburg and Isle of Capri Casino Kansas City to Twin River Worldwide Holdings for $230 million.<ref>{{cite news|title=Eldorado sells 2 properties ahead of Caesars merger|work=Las Vegas Review-Journal|author=Bailey Schulz|date=July 2, 2020|url=https://www.reviewjournal.com/business/eldorado-sells-2-properties-ahead-of-caesars-merger-2066384/|access-date=2020-07-02}}</ref> The deals were intended to reduce Eldorado's debt level and avert potential antitrust issues in Missouri, where Eldorado and Caesars together owned 6 of the state's 13 casinos.<ref>{{cite news|title=IOC says no changes expected in Boonville after owner buys Caesars|newspaper=Boonville Daily News|author=Brendan Crowley|date=November 18, 2019|url=https://www.boonvilledailynews.com/news/20191118/ioc-says-no-changes-expected-in-boonville-after-owner-buys-caesars|access-date=2019-12-08|archive-date=2019-12-08|archive-url=https://web.archive.org/web/20191208204511/https://www.boonvilledailynews.com/news/20191118/ioc-says-no-changes-expected-in-boonville-after-owner-buys-caesars|url-status=dead}}</ref>
In April 2020, Eldorado agreed to sell Eldorado Shreveport and the MontBleu casino in Lake Tahoe to Twin River.<ref>{{Cite web|last=Adelman|first=Jacob|title=Bally's in Atlantic City to be acquired by Rhode Island-based gaming group Twin River|url=https://www.inquirer.com/news/ballys-atlantic-city-sale-acquisition-twin-river-caesars-vici-20200424.html|access-date=2020-11-23|website=inquirer.com|language=en-US}}</ref><ref>{{Cite web|last=Staff|title=Eldorado Resorts selling MontBleu casino at Stateline|url=https://www.kolotv.com/content/news/Eldorado-Resorts-selling-Montbleau-casino-at-Stateline-569929791.html|access-date=2020-11-23|website=kolotv.com|language=en}}</ref><ref>{{Cite web|last=Northern Nevada Business Weekly|title=Eldorado Resorts to sell Tahoe's MontBleu, Louisiana casino for $155 million|url=https://www.nevadaappeal.com/news/eldorado-resorts-to-sell-tahoes-montbleu-louisiana-casino-for-155-million/|access-date=2020-11-23|website=nevadaappeal.com|language=en-US|archive-date=2020-11-29|archive-url=https://web.archive.org/web/20201129105433/https://www.nevadaappeal.com/news/eldorado-resorts-to-sell-tahoes-montbleu-louisiana-casino-for-155-million/|url-status=dead}}</ref>
In June 2020, the Federal Trade Commission approved Eldorado's acquisition of Caesars.<ref>{{Cite web|date=2020-06-26|title=Federal Trade Commission clears Eldorado, Caesars deal|url=https://www.reviewjournal.com/business/casinos-gaming/federal-trade-commission-clears-eldorado-caesars-deal-2061683/|access-date=2020-11-23|website=Las Vegas Review-Journal|language=en-US}}</ref> The transaction was completed on July 20 for $8.5 billion in cash and stock.<ref>{{cite news|title=Caesars and Eldorado close $8.58 billion merger|work=Wall Street Journal|author=Katherine Sayre|date=July 20, 2020|url=https://www.wsj.com/articles/caesars-and-eldorado-close-8-58-billion-merger-11595263849|access-date=2020-10-03}}</ref><ref>{{Cite web |title=Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion |url=https://www.cnbc.com/2019/06/24/eldorado-resorts-clinches-an-18-billion-cash-and-stock-deal-for-caesars-sources.html |access-date=2022-12-19 |website=CNBC |language=en}}</ref>
In April 2021, the company acquired the sports betting company William Hill for $3.7 billion.<ref>{{Cite news|title=Caesars to buy William Hill for $3.7 billion in sports-betting drive|work=Reuters|author=Tanishaa Nadkar|date=September 30, 2020|url=https://www.reuters.com/article/william-hill-m-a-caesars-entertainment/caesars-to-buy-william-hill-for-37-billion-in-sports-betting-drive-idUSKBN26L2RH|access-date=2020-09-30}}</ref><ref>{{Cite press release|title=Caesars Entertainment announces completion of William Hill PLC acquisition|url=https://www.marketwatch.com/press-release/caesars-entertainment-announces-completion-of-william-hill-plc-acquisition-2021-04-22|date=2021-04-22|via=MarketWatch}}</ref> Most of William Hill's offerings in the U.S. would be rebranded as Caesars Sportsbook.<ref>{{cite news|title=Caesars Entertainment reveals sports betting rebranding move|work=Las Vegas Review-Journal|author=Colton Lochhead|date=August 2, 2021|url=https://www.reviewjournal.com/business/casinos-gaming/caesars-entertainment-reveals-sports-betting-rebranding-move-2412130/|access-date=2021-09-25}}</ref> In September 2021, Caesars agreed to sell William Hill's European business to 888 Holdings for $3 billion.<ref>{{Cite news|title=Caesars selling William Hill non-U.S. assets in $3B deal|work=Las Vegas Review-Journal|author=Colton Lochhead|date=September 9, 2021|url=https://www.reviewjournal.com/business/casinos-gaming/caesars-selling-william-hill-non-u-s-assets-in-3b-deal-2436314/|access-date=2021-09-25}}</ref>
In Indiana, the company was required to sell three of its properties as a condition of approval of the Caesars merger. In 2021, the operating businesses of Tropicana Evansville and Caesars Southern Indiana were sold to Bally's Corporation (the former Twin River Worldwide Holdings) and the Eastern Band of Cherokee Indians, respectively, for a total of $390 million.<ref>{{cite press release|title=Bally's Corporation completes acquisition of Tropicana Evansville casino|publisher=Bally's Corporation|date=June 4, 2021|url=https://www.prnewswire.com/news-releases/ballys-corporation-completes-acquisition-of-tropicana-evansville-casino-301305849.html|access-date=2021-06-06}}</ref><ref>{{cite news |title=Caesars Southern Indiana casino officially under new ownership after closing of $250M deal |url=https://www.courier-journal.com/story/money/companies/2021/09/03/caesars-southern-indiana-casino-officially-under-new-ownership/5719429001/ |author=Ben Tobin |date=September 3, 2021 |work=The Courier-Journal |location=Louisville, KY |access-date=September 3, 2021}}</ref>
In July 2021, Caesars sold its casinos in Europe and Africa (the former London Clubs International) to an affiliate of Silver Point Capital.<ref>{{cite press release|title=Metropolitan Gaming announces completion of acquisition of Caesars UK and Africa assets|publisher=Metropolitan Gaming|date=August 4, 2021|url=https://www.prnewswire.com/news-releases/metropolitan-gaming-announces-completion-of-acquisition-of-caesars-uk-and-africa-assets-301348409.html|accessdate=2021-12-29|via=PR Newswire}}</ref><ref>{{cite news|title=Metropolitan Gaming acquires Caesars' Europe and Africa casino businesses|work=iGamingBusiness|author=Robert Fletcher|date=August 5, 2021|url=https://igamingbusiness.com/metropolitan-gaming-acquires-caesars-europe-and-africa-casino-businesses/|accessdate=2021-12-29}}</ref>
In February 2022, Caesars announced a multi-year deal which named the organization as the official sportsbook partner of the NBA's Cleveland Cavaliers.<ref>{{Cite web |last=Marc Bona |first=cleveland com |date=2022-02-24 |title=Cleveland Cavaliers, Caesars Entertainment ink deal for sports betting venue in Rocket Mortgage FieldHouse |url=https://www.cleveland.com/entertainment/2022/02/cleveland-cavaliers-caesars-entertainment-ink-deal-for-sports-betting-venue-in-rocket-mortgage-fieldhouse.html |access-date=2023-02-20 |website=cleveland |language=en}}</ref> The company opened a 10,355 square foot retail sportsbook at Rocket Mortgage FieldHouse, the home of the Cavaliers.<ref>{{cite journal|date=25 February 2022|url=https://igamingbusiness.com/caesars-partners-with-cleveland-cavaliers/|title= Caesars announces sports betting partnership with Cleveland Cavaliers|journal=IGaming Business|access-date=30 March 2022}}</ref> In November 2022, Caesars was added to the list of "Best Employers for Veterans" by Forbes.<ref>{{Cite web |last=Horner |first=Charlie |date=2022-11-14 |title=Caesars Entertainment honored for veteran employer status - SBC Americas |url=https://sbcamericas.com/2022/11/14/caesars-entertainment-veteran-employer/ |access-date=2023-01-10 |language=en-US}}</ref><ref>{{Cite web |last=BRIER" |first="ELISABETH |title=America's Best Employers For Veterans 2022 |url=https://www.forbes.com/lists/best-employers-for-veterans/ |access-date=2023-01-10 |website=Forbes |language=en}}</ref>
In August 2023, ESPN announced a new agreement with rival Penn Entertainment to launch a branded sportsbook business under the ESPN Bet branding. This triggered an escape clause in Caesars' existing partnership with ESPN.<ref>{{Cite web |last=Novy-Williams |first=Eben |date=2023-08-09 |title=ESPN’s $2B Penn Deal Means DraftKings, Caesars Cash Cut |url=https://www.sportico.com/business/sports-betting/2023/espn-bet-penn-deal-draftkings-caesars-1234733798/ |access-date=2024-08-09 |website=Sportico.com |language=en-US}}</ref><ref>{{Cite web |date=2023-08-31 |title=ESPN show 'Daily Wager' leaving Las Vegas Strip, returning to Bristol |url=https://www.ktnv.com/news/espn-show-daily-wager-leaving-las-vegas-strip-returning-to-bristol |access-date=2024-08-09 |website=13 Action News |publisher=E.W. Scripps Company |language=en}}</ref><ref>{{Cite web |last=Cohen |first=Andrew |date=2023-08-10 |title=ESPN to Leave Caesars’ Las Vegas Studio After PENN Agreement |url=https://frontofficesports.com/espn-to-leave-caesars-las-vegas-studio-after-penn-agreement/ |access-date=2024-08-09 |website=Front Office Sports |language=en}}</ref>
In September 2023,<ref name=NBC>{{Cite web |date=2023-09-14 |title=Caesars Entertainment says it was also a victim of a cyberattack |url=https://www.nbcnews.com/tech/security/caesars-entertainment-says-was-also-victim-cyberattack-rcna105050 |access-date=2024-05-31 |website=NBC News |language=en}}</ref> Scattered Spider (also known as UNC3944) breached Caesars data through an outside IT vendor via ransomware,<ref>{{cite news |url=https://www.bloomberg.com/news/articles/2023-09-13/caesars-entertainment-paid-millions-in-ransom-in-recent-attack |title=Caesars Entertainment Paid Millions to Hackers in Attack |access-date=31 May 2024 |date=September 13, 2023}}</ref> and demanded $30 million in ransom. Caesars Entertainment paid half, $15 million. The cyberhacking group was able to access driver's license numbers and possibly Social Security numbers, for a "significant number" of Caesars customers.<ref name=NBC/> While casino and hotel computer operations were unaffected, Caesars was unable to guarantee the security of the personal information <ref name=APnews>{{cite news |title=Two Vegas casinos fell victim to cyberattacks, shattering the image of impenetrable casino security |url=https://apnews.com/article/vegas-casinos-mgm-caesars-cyberattack-59644d2cb0f2a765770d30f268b81a11 |access-date=31 May 2024 |work=AP |publisher=Associated Press}}</ref> of its 65 million loyalty rewards members.<ref name=HMN/> Hotel and casino loyalty rewards records may include those of Caesars Palace, The Cromwell, The Flamingo, The Horseshoe, The LINQ Hotel & Casino, Paris Las Vegas, Planet Hollywood Resort & Casino, Harrah's Las Vegas, and the Rio All-Suite Hotel & Casino.<ref name=HMN>{{cite web |title=Caesars Hotels loyalty programme customers impacted by data breach |url=https://www.hotelmanagement-network.com/news/caesars-hotels-loyalty-programme-data-breach/ |website=Hotel Management Network |publisher=Verdict Media Limited |access-date=31 May 2024}}</ref> The same cyberattack group targeted the MGM Grand Las Vegas later that month.<ref name=NBC/> Two class-action lawsuits for failing to protect private data were filed against Caesars on September 21, 2023, with a third lawsuit filed on the following day.<ref>{{Cite news |last=Haas |first=Greg |date=2023-09-25 |title=5 lawsuits go after MGM, Caesars following data breaches, seek class action status |url=https://www.8newsnow.com/news/local-news/5-lawsuits-go-after-mgm-caesars-following-data-breaches-seek-ok-for-class-action-status/ |access-date=2026-04-15 |work=8 News Now}}</ref> Arrests in the case have been made, both locally<ref>{{Cite web |date=2025-09-19 |title=Teen arrested in ‘sophisticated cyber crime’ attacks against Las Vegas casinos |url=https://www.reviewjournal.com/crime/teen-arrested-in-sophisticated-cyber-crime-attacks-against-las-vegas-casinos-3463302/ |access-date=2025-09-24 |website=Las Vegas Review-Journal |language=en-US}}</ref> and internationally, during 2024−2025. Hackers Scattered Spider later formed a cybercrime collective with ShinyHunters and Lapsus$ in 2025.<ref>{{Cite web |last=Lakshmanan|first=Ravie|date=2025-11-04|title=A Cybercrime Merger Like No Other — Scattered Spider, LAPSUS$, and ShinyHunters Join Forces|url=http://thehackernews.com/2025/11/a-cybercrime-merger-like-no-other.html|access-date=2026-03-11|website=The Hacker News}}</ref>
In June 2024, Caesars acquired WynnBet's Michigan iGaming operations.<ref>{{Cite web |date=20 February 2024 |title=Caesars Entertainment Partners with Sault Ste. Marie Tribe of Chippewa Indians; Acquires Michigan iGaming Operations from Wynn Resorts |url=https://newsroom.caesars.com/press-releases/press-release-details/2024/Caesars-Entertainment-Partners-with-Sault-Ste.-Marie-Tribe-of-Chippewa-Indians-Acquires-Michigan-iGaming-Operations-from-Wynn-Resorts/default.aspx |website=caesars.com}}</ref> This acquisition from Wynn Resort includes a long-term extension for market access rights with the Sault Ste. Marie Tribe of Chippewa Indians. Caesars will continue using the WynnBet brand initially but plans to transition to its own platform in late 2024. The acquisition supports Caesars' growth in the iGaming sector and reinforces its commitment to regulated markets.<ref>{{Cite web |last=Skelker |first=Joseph |date=24 June 2024 |title=Caesars Entertainment Acquires WynnBet's Michigan iGaming Operations |url=https://www.casinoreviews.net/news/caesars-entertainment-acquires-wynnbets-michigan-igaming-operations/ |website=casinoreviews.net}}</ref> Additionally, Caesars Sportsbook has launched in North Carolina on the lands of the Eastern Band of Cherokee Indians.{{Citation needed|date=April 2025}}
In August 2024, Caesars announced the sale of the World Series of Poker brand to NSUS Group inc, the operator behind online poker site GGPoker for $500 million, $250 million in cash and $250 million to be paid in 5 years. As a part of this deal, Caesars secured the right from NSUS to continue hosting the WSOP's flagship live tournament series at its Las Vegas casinos for the next 20 years.<ref>{{cite web|title=Caesars Entertainment Closes Sale of World Series of Poker Brand to NSUS Group for US$500 million|url=https://newsroom.caesars.com/press-releases/press-release-details/2024/Caesars-Entertainment-Closes-Sale-of-World-Series-of-Poker-Brand-to-NSUS-Group-for-US500-million/default.aspx|website=Caesars Entertainment Newsroom|publisher=Caesars Entertainment, Inc. |date=2024-12-27 |access-date=2025-09-17}}</ref>
Caesars was one of multiple bidders attempting to open a casino in New York City with their proposed Caesar's Palace Times Square proposal. The casino at Times Square would have had nearly 1,000 guest rooms. Due to opposition, the proposed development was rejected by the community advisory committee in September 2025.<ref>[https://www.hollywoodreporter.com/news/general-news/nyc-times-square-casino-proposal-denied-1236373490/ Times Square Casino Proposal, Backed By Caesars and Jay-Z, Denied By Advisory Committee]</ref>
Caesars was removed from the S&P 500 in September 2025, as its market capitalization fell below the inclusion threshold. As of November 2025, it was listed in the S&P SmallCap 600.<ref>{{cite news |title=Caesars Entertainment dropped from major stock market index|url=https://news3lv.com/news/local/caesars-entertainment-dropped-major-stock-market-index-sp-500-dow-jones|work=KSNV News 3 Las Vegas|date=2025-09-16 |access-date=2025-09-17}}</ref>
In March 2026, Fertitta Entertainment entered negotiations to acquire the company for about $7 billion, reportedly topping a current offer by Icahn Enterprises.<ref>{{Cite web |last=Chouinard|first=Kyle|date=2026-03-11|title=Golden Nugget owner in talks to buy out Caesars Entertainment|url=https://lasvegassun.com/news/2026/mar/11/golden-nugget-owner-in-talks-to-buy-out-caesars-en/|access-date=2026-03-12|website=Las Vegas Sun|language=en}}</ref><ref>{{Cite web |last=Thomas|first=Lauren|date=2026-03-11|title=Exclusive {{!}} Tilman Fertitta in Talks to Buy Caesars for $7 Billion After Topping Bid From Icahn|url=https://www.wsj.com/business/deals/tilman-fertitta-in-talks-to-buy-caesars-for-7-billion-after-topping-bid-from-icahn-119907e0|access-date=2026-03-12|website=The Wall Street Journal|language=en-US}}</ref> A year prior, Caesar's had agreed to expand the size of its board to 12 directors, adding Icahn's general counsel and CFO.<ref>{{Cite web |last=Squire |first=Kenneth |date=2025-03-22 |title=Carl Icahn brings two directors to Caesars’ board. What could be next as the activist aims to build value |url=https://www.cnbc.com/2025/03/22/icahn-brings-two-directors-to-caesars-board-how-the-activist-may-build-value.html |access-date=2026-03-12 |website=CNBC |language=en}}</ref> On May 28, 2026, Fertitta Entertainment announced it would be acquiring Caesars Entertainment for $5.7 billion and take on close to $12 billion in debt from Caesars, putting the total value of the deal at about $17.6 billion.
==List of properties== The properties owned and operated by Caesars Entertainment are:<ref>{{cite report|title=Form 10-K: Annual Report|publisher=Caesars Entertainment|date=February 24, 2022|url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1590895/000159089522000061/czr-20211231.htm|pages=27–28|via=EDGAR}}</ref>
{{div col|colwidth=48em}}
===Western United States=== * Caesars Republic Sonoma County- (Geyserville, California) *Circus Circus Reno – Reno, Nevada *Eldorado Resort Casino – Reno, Nevada *Harrah's Ak-Chin – Maricopa, Arizona § *Harrah's Lake Tahoe – Stateline, Nevada § *Harrah's Laughlin – Laughlin, Nevada § * Harrah's Northern California- (Ione, California) *Harrah's Southern California – Valley Center, California § *Caesars Republic Lake Tahoe – Stateline, Nevada § *Horseshoe Black Hawk – Black Hawk, Colorado *Lady Luck Casino Black Hawk – Black Hawk, Colorado *Silver Legacy Resort & Casino – Reno, Nevada *Tropicana Laughlin – Laughlin, Nevada §
====Las Vegas Strip==== *Caesars Forum – Paradise, Nevada § *Caesars Palace – Paradise, Nevada § *Flamingo Las Vegas – Paradise, Nevada *Harrah's Las Vegas – Paradise, Nevada § *Horseshoe Las Vegas – Paradise, Nevada *The Linq – Paradise, Nevada *Paris Las Vegas – Paradise, Nevada *Planet Hollywood Las Vegas – Paradise, Nevada *The Vanderpump Hotel Las Vegas – Paradise, Nevada
===Midwest=== *Caesars Windsor – Windsor, Ontario § *Eldorado Gaming Scioto Downs – Columbus, Ohio *Grand Victoria Casino Elgin – Elgin, Illinois *Isle Casino Hotel Bettendorf – Bettendorf, Iowa *Isle Casino Hotel Waterloo – Waterloo, Iowa *Harrah's Council Bluffs – Council Bluffs, Iowa § *Harrah's Hoosier Park – Anderson, Indiana *Harrah's Joliet – Joliet, Illinois § *Harrah's Metropolis – Metropolis, Illinois § *Harrah's North Kansas City – North Kansas City, Missouri § *Horseshoe Council Bluffs – Council Bluffs, Iowa § *Horseshoe Hammond – Hammond, Indiana § *Horseshoe Indianapolis – Shelbyville, Indiana *Horseshoe St. Louis – St. Louis, Missouri §
===South=== *Caesars New Orleans – New Orleans, Louisiana § *Harrah's Gulf Coast – Biloxi, Mississippi § * Harrah's Oklahoma- (Chandler, Oklahoma) *Harrah's Pompano Beach – Pompano Beach, Florida *Horseshoe Bossier City – Bossier City, Louisiana § *Horseshoe Lake Charles – Lake Charles, Louisiana *Horseshoe Tunica – Robinsonville, Mississippi § *Isle of Capri Casino Hotel Boonville – Boonville, Missouri *Isle of Capri Casino Hotel Lula – Lula, Mississippi *Trop Casino Greenville – Greenville, Mississippi §
===Atlantic=== *Caesars Atlantic City – Atlantic City, New Jersey § *Caesars Virginia – Danville, Virginia *Harrah's Atlantic City – Atlantic City, New Jersey § *Harrah's Cherokee – Cherokee, North Carolina § *Harrah's Cherokee Valley River – Murphy, North Carolina § *Harrah's Philadelphia – Chester, Pennsylvania § *Horseshoe Baltimore – Baltimore, Maryland (50% interest) *Tropicana Atlantic City – Atlantic City, New Jersey § {{div col end}}
§ Properties are operated by the company under a lease or a management agreement.
===Former properties=== *Bally's Atlantic City – Atlantic City, New Jersey *Belle of Baton Rouge – Baton Rouge, Louisiana<ref>{{cite news|title=Belle of Baton Rouge finalizes sale, now both downtown riverboat casinos share an owner|work=The Advocate|location=Baton Rouge, LA|author=Timothy Boone|date=May 5, 2022|url=https://www.theadvocate.com/baton_rouge/news/business/article_9ef6c4ae-cc87-11ec-a070-b77f3f5a518d.html|accessdate=2022-05-11}}</ref> *Caesars Southern Indiana – Elizabeth, Indiana *Eldorado Shreveport – Shreveport, Louisiana<ref>{{Cite news |last=Gibson |first=Kaitlyn |date=December 23, 2020 |title=Shreveport's Eldorado Resort Casino gets new owners |url=https://www.ksla.com/2020/12/23/shreveports-eldorado-resort-casino-gets-new-owners/ |access-date=2020-12-23 |work=KSLA-TV}}</ref> *Harrah's Louisiana Downs – Bossier City, Louisiana<ref>{{cite press release|title=Caesars Entertainment and Vici Properties complete sale of Harrah's Louisiana Downs|publisher=Caesars Entertainment|date=November 1, 2021|url=https://www.prnewswire.com/news-releases/caesars-entertainment-and-vici-properties-complete-sale-of-harrahs-louisiana-downs-301413317.html|via=PR Newswire|access-date=2021-11-03}}</ref> *Isle Casino Cape Girardeau – Cape Girardeau, Missouri *Isle of Capri Casino Kansas City – Kansas City, Missouri *Lady Luck Casino Caruthersville – Caruthersville, Missouri *Lady Luck Casino Nemacolin – Farmington, Pennsylvania *Lady Luck Casino Vicksburg – Vicksburg, Mississippi *London Clubs International (12 casinos in the United Kingdom, Egypt, and South Africa) *MontBleu Casino Resort – Stateline, Nevada *Mountaineer Casino Racetrack & Resort – Chester, West Virginia *Presque Isle Downs & Casino – Summit Township, Pennsylvania *Rio All Suite Hotel and Casino – Paradise, Nevada *Tropicana Evansville – Evansville, Indiana
==See also== *List of integrated resorts *List of casino hotels
==References== {{Reflist}}
==External links== * {{Official website|https://www.caesars.com/|Caesars Entertainment}} {{Finance links |name=Caesars Entertainment |symbol=CZR |reuters=CZR.O |bloomberg=CZR:US |sec_cik=1590895 |yahoo=CZR |google=CZR:NASDAQ }}
* [https://opencorporates.com/companies/us_de/2212340 Caesars Entertainment Corporation] grouped at OpenCorporates {{Authority control}}
{{Eldorado Resorts}} {{hotel chains}}
Category:Caesars Entertainment Category:1996 establishments in Nevada Category:American companies established in 1996 Category:Companies based in Reno, Nevada Category:Companies listed on the Nasdaq Category:Gambling companies established in 1996 Category:Hospitality companies established in 1996 Category:Gambling companies of the United States Category:Hospitality companies of the United States