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Caesars Entertainment

Caesars Entertainment

Caesars Entertainment is a US casino, hotel and entertainment group formed in 2020 when Caesars Entertainment, Inc. and Eldorado Resorts, Inc. combined. It operates more than 50 resorts and casinos under brands including Caesars Palace, Harrah's, Horseshoe, Eldorado, Silver Legacy, Circus Circus Reno and Tropicana, and runs the Caesars Rewards loyalty programme. The group traces its history to 1937, when Bill Harrah opened Harrah's Bingo Club in Reno, Nevada; to the first Horseshoe Casino, opened by Benny Binion in 1951, where the first World Series of Poker was later held; and to the Eldorado Hotel Casino Reno, opened by Donald Carano in 1973. Beyond gaming, its properties include restaurants, entertainment venues, spas, golf courses and shops, and it has more than two million square feet of meeting space, including the CAESARS FORUM conference centre in Las Vegas.

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Caesars Entertainment at a glance

Stories
12
Last covered
October 2026
Coverage since
May 2025
Segment
Operator

Latest coverage

Aerial view of the Las Vegas Strip at night, with the lit resorts lining the boulevard toward the Bellagio and Paris
Corporate

Caesars Loss Widens to $123m as Las Vegas Slides Ahead of Fertitta Takeover

Caesars Entertainment's net loss more than doubled in the third quarter as weaker Las Vegas business offset growth in its regional casinos and a better quarter for Caesars Digital. It published the numbers without a call or a word from management while it waits for regulators to clear its sale to Fertitta Entertainment.

The curved bronze tower of Wynn Las Vegas with its signature logo, rising above palm trees and pines
Prediction Markets

Wynn's Billings Breaks Ranks With MGM and Caesars on Prediction Markets

On the opening main stage at G2E, the chief executives of MGM Resorts and Caesars called prediction markets illegal, "obscene" and a risk to the whole industry. Wynn Resorts' Craig Billings said his company had no "skin in the game", and recalled what the Strip lost by fighting California's tribes.

The Las Vegas Strip lit up at night, seen from the air
M&A

Caesars Shareholders Approve Fertitta's $17.6 Billion Buyout as the FTC Review Becomes the Real Test

Caesars Entertainment shareholders approved Fertitta Entertainment's $31-a-share takeover at a special meeting in Reno on Tuesday, with votes in favour equal to about 65.4% of outstanding shares, the company confirmed in a filing on Wednesday. The deal now depends on a Federal Trade Commission second request and gaming regulators in every Caesars state, while a disclosure shows the President's managers sold a small Caesars holding in July.

The Welcome to Fabulous Las Vegas sign
M&A

Icahn's Directors Quit Caesars and the FTC Asks for More Before Tuesday's Vote

Jesse Lynn and Ted Papapostolou resigned "effective immediately" on 16 September and the Icahn Group waived its right to replace them, five weeks after the board declined to treat Icahn's $34 as superior to Fertitta's $31. Two days earlier the FTC asked both sides for more documents, which stops the antitrust clock until they comply. Shareholders vote on 22 September regardless.

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