Recent Updates — CZR

Caesars Entertainment stockholders approved the proposed merger with Fertitta Gaming Holdco LLC at a special meeting held on September 22, 2026. Under the terms of the agreement, each share of common stock will be converted into $31.00 in cash, plus an additional $0.007150 per day for delays beyond June 26, 2027. The merger proposal received approximately 65.4% of outstanding shares voting in favor, while advisory compensation approval also passed. Caesars Entertainment operates as a diversified gaming and hospitality company.

Caesars Entertainment reported that directors Jesse Lynn and Ted Papapostolou resigned from the Board effective September 16, 2026, with The Icahn Group waiving its right to appoint replacements. Additionally, the company received a Second Request for information from the Federal Trade Commission regarding its proposed merger with Fertitta Entertainment, extending the Hart-Scott-Rodino waiting period until 30 days after substantial compliance. The filing also clarified that the deadline for submitting or changing proxies via internet or telephone is 11:59 p.m. Eastern Time on September 21, 2026. Caesars Entertainment operates in the gaming, entertainment, and hospitality industry.

Caesars Entertainment reported second quarter 2026 financial results, posting GAAP net revenues of $3.0 billion, a 3.0% increase from the prior-year period. The company recorded a GAAP net loss of $62 million, an improvement from the $82 million loss in the comparable prior-year quarter. Consolidated Adjusted EBITDA was $920 million, down 3.7% from $955 million in the prior year. As of June 30, 2026, the company held $11.8 billion in aggregate debt and $965 million in cash. The filing notes that Caesars will not host a quarterly conference call due to a pending definitive agreement to be acquired by Fertitta Entertainment, Inc., announced on May 28, 2026. Upon completion, the company will become a private entity and its stock will delist from NASDAQ. Caesars Entertainment operates as the largest casino-entertainment company in the US, offering gaming, hospitality, and digital betting services.

Courtney Mather resigned from the Board of Directors of Caesars Entertainment, Inc., effective July 6, 2026. The resignation was not due to any disagreement with the company. Caesars Entertainment, Inc. is a gaming and hospitality company.