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Last €4.64 EUR
Change Today -0.009 / -0.19%
Volume 0.0
C08 On Other Exchanges
Symbol
Exchange
Berlin
As of 2:08 AM 08/3/15 All times are local (Market data is delayed by at least 15 minutes).

caesars entertainment corp (C08) Snapshot

Open
€4.64
Previous Close
€4.65
Day High
€4.64
Day Low
€4.64
52 Week High
11/14/14 - €13.52
52 Week Low
07/23/15 - €4.28
Market Cap
671.8M
Average Volume 10 Days
40.0
EPS TTM
--
Shares Outstanding
144.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CAESARS ENTERTAINMENT CORP (C08)

caesars entertainment corp (C08) Details

Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. It operates in four segments: Caesars Entertainment Resort Properties, Caesars Growth Partners Casino Properties and Developments, Caesars Interactive Entertainment, and Caesars Entertainment Operating Company. The company owns, operates, or manages casinos, such as land-based and riverboat or dockside casinos. It operates 55,000 slot machines and 3,600 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout the company's casinos, as well as banquets and room service. As of December 31, 2014, the company owned, operated, or managed 49 casinos in the 14 states of the United States, as well as in 5 countries; and its facilities had an aggregate of approximately 3 million square feet of gaming space and approximately 39,000 hotel rooms. It also operates online gaming business that provides social games on Facebook and other social media Websites and mobile application platforms, certain real money games in Nevada and New Jersey, and 'play for fun' offerings. In addition, the company owns the World Series of Poker tournaments and brand, and licenses trademarks for various products and businesses related to this brand. Further, it engages in the third-party leasing of retail, dining, and entertainment outlets featured in the company's casinos. 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.

68,000 Employees
Last Reported Date: 03/16/15
Founded in 1937

caesars entertainment corp (C08) Top Compensated Officers

Global President of Destination Markets
Total Annual Compensation: $1.2M
Chief Regulatory & Compliance Officer, Execut...
Total Annual Compensation: $800.0K
Chief Commercial Officer and Executive Vice P...
Total Annual Compensation: $700.0K
Compensation as of Fiscal Year 2014.

caesars entertainment corp (C08) Key Developments

Caesars Entertainment and Caesars Entertainment Operating Co. Announce Amended Restructuring Support Agreement with First Lien Noteholders

Caesars Entertainment Corporation and Caesars Entertainment Operating Company, Inc. have entered into an amended Restructuring Support Agreement with First Lien Noteholders. The agreement reaffirms support of CEOC's large creditor constituency and, along with the recently announced Second Lien Noteholder restructuring support agreement, provides a continued platform for a consensual restructuring. Pursuant to the RSA, the Noteholders, Caesars Entertainment and CEOC have agreed to a revised set of case milestones in addition to several significant enhancements to the transaction for the benefit of all creditors, including the First Lien Noteholders, First Lien Bank Lenders and Non-First Lien Noteholders.

Caesars Entertainment Corporation Appoints Mark Frissora as President and CEO

Caesars Entertainment Corporation announced that Mark Frissora has assumed the role of President and Chief Executive Officer, effective July 1, 2015. This announcement completes the transition plan previously announced by Caesars Entertainment in February 2015. Frissora joined Caesars Entertainment in February as President and CEO designate. Gary Loveman, former President and Chief Executive Officer of Caesars Entertainment, will continue to serve as Chairman of the Board of Caesars Entertainment. In this role, he will continue to oversee the restructuring of Caesars Entertainment Operating Company. Frissora brings to Caesars his 38 years of business experience that spans all levels of management and functional roles. He spent the last 14 years as Chairman and CEO of two Fortune 500 companies, Hertz Global Holdings Inc. and Tenneco Inc. During Frissora's tenure, each of those companies, received significant recognition for employee and customer satisfaction as well as the implementation of innovative technologies into the business. Prior to joining Caesars Entertainment, Frissora was Chairman and CEO of Hertz, where he led the consolidation of the rental-car industry through the acquisitions of the Dollar Thrifty Automotive Group.

Caesars Entertainment Responds to Lawsuit by UMB Bank

Caesars Entertainment Corporation responded to a suit filed by UMB Bank, the trustee for holders of first lien notes issued by Caesars Entertainment Operating Company 'CEOC'. CEC believes that UMB's claim that CEC is obligated to guarantee the first lien notes is without merit. CEC has, however, confirmed at the request of certain of the first lien creditors who are party to the Restructuring Support Agreement 'RSA' that the filing of the UMB Bank lawsuit does not violate the RSA, which remains in force. CEOC is seeking an injunction in the bankruptcy court restraining prosecution of litigation commenced by other CEOC creditors who contend that CEC is required to guarantee CEOC debt. UMB Bank has agreed that it will be bound by the bankruptcy court's decision to the same extent as if CEOC had requested injunctive relief with respect to the UMB lawsuit.

 

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Industry Analysis

C08

Industry Average

Valuation C08 Industry Range
Price/Earnings 2.9x
Price/Sales 1.7x
Price/Book 7.1x
Price/Cash Flow 3.4x
TEV/Sales 0.9x
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