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Last $9.41 USD
Change Today +0.11 / 1.18%
Volume 748.8K
CZR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

One Caesars Palace Drive

Las Vegas, NV 89109

United States

Phone: 702-407-6000

Fax:

verage Operations The company’s food and beverage operations generate revenues primarily from approximately 180 buffets, restaurants, bars, nightclubs, and lounges located throughout its casinos, as well as banquets and room service. Majority of the company’s properties include various dining options, ranging from upscale dining experiences to moderately-priced restaurants and buffets. The company opened various new food and beverage offerings, such as: Gordon Ramsay Steak: Set within the Paris Las Vegas, the high-energy restaurant offers guests a taste of the beef aging program created under the direction of Chef Ramsay and his culinary team. The menu selections range from traditional steakhouse fare to Ramsay’s signature entrées. Giada: Giada boasts al fresco dining and breathtaking views of the Las Vegas Strip. Located on the second level of The Cromwell, Giada’s includes an open and airy kitchen that gives guests the opportunity to watch chefs prepare the specialty pasta of the day, create flatbreads and bake desserts. Drai’s: Operating as 2 venues in 1, Drai’s Beach Club - Nightclub offers panoramic partying on The Cromwell’s rooftop in a combined space that features 65,000-square-feet and a view of the Las Vegas Strip from 11 stories high. For a daytime experience, the Las Vegas Strip’s rooftop pool deck includes multiple pool areas. After dark, the beach club turns into a lively nighttime destination, where guests could party throughout the entire indoor and outdoor space. Rooms and Hotel Operations Rooms and hotel operations revenue is primarily generated from hotel stays at 1 of the company’s casino properties and its approximately 39,000 guest rooms and suites worldwide. The company’s properties operate at various price and service points allowing it to host various casino guests, who are visiting its properties for gaming and other casino entertainment options; and non-casino guests, who are visiting its properties for other purposes, such as vacation travel or conventions. Casino Management Operations CEOC earns revenue from fees paid by unrelated third parties for the management of nine casinos and Caesars Growth Partners, LLC for its six casinos. Effective October 2014, a majority of the company’s properties are managed by Caesars Enterprise Services, LLC. Other Business Operations The company’s other operations include retail and entertainment options within its casino facilities; The LINQ promenade, including the High Roller; social and mobile gaming offerings, and WSOP from CIE; and third-party leasing. The company provides various retail and entertainment offerings in its casinos and The LINQ promenade. The company’s retail stores offer guests a range of options from brands and accessories to souvenirs and decorative items. The LINQ promenade is an open-air dining, entertainment, and retail development located between The LINQ Hotel and the Flamingo Las Vegas. The company’s entertainment options include concerts, comedy shows, and variety acts featuring various artists and entertainers, as well as The High Roller, its 550-foot observation wheel at The LINQ promenade. CIE owns the WSOP tournaments and brand, and the company licenses trademarks for various products and businesses related to this brand. CIE also operates an online gaming business providing social games on Facebook and other social media Websites and mobile application platforms and certain real money games in Nevada and New Jersey; and ‘play for fun’ offerings in other jurisdictions. Third party lease revenue is derived from retail, dining, and entertainment outlets featured in the company’s casinos and along The LINQ promenade that complement the company-owned operations. Intellectual Property The company owns proprietary rights to various trademarks that it considers, along with the associated name recognition, to be valuable to its business, including CEOC’s marks include Caesars, Harrah’s, Horseshoe, and Total Rewards; CERP’s marks include Rio, Flamingo, and Paris; CIE’s marks include World Series of Poker, Playtika, Slotomania, and Bingo Blitz; and Caesars Growth Partners, LLC holds a lic

 

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CZR:US $9.41 USD +0.11

CZR Competitors

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Company Last Change
Boyd Gaming Corp $13.48 USD -0.24
International Game Technology PLC $21.05 USD -0.05
MGM Resorts International $20.14 USD -1.13
Penn National Gaming Inc $15.95 USD -0.36
Wyndham Worldwide Corp $85.50 USD -0.34
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Industry Analysis

CZR

Industry Average

Valuation CZR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.2x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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