CZR

Caesars Entertainment, Inc.

Ticker: CZRConsumer DiscretionaryServices
HQ RENO, NVCIK 1590895FY end 12-31Book / share $16.54Shares 204M
Revenue (FY)
$11.49B+2.14%
TTM $11.65B
Op. margin
16.18%-4.31%
TTM 15.94%
Net income
$-437.00M-107.11%
TTM $-398.00M
Operating cash
$1.30B+21.12%
TTM $1.30B
Free cash flow
$497.00M+324.89%
TTM $610.00M
Return on equity
-9.26%-7.03%
TTM -13.78%
Debt / equity
7.10+1.08%
TTM 7.36
Shares outstanding
208.0M-3.26%
TTM 204.0M

The business

Caesars Entertainment, Inc. (NASDAQ: CZR) operates as a geographically diversified gaming and hospitality company founded in 1973 with the opening of the Eldorado Hotel Casino in Reno, Nevada. The company has grown substantially through strategic acquisitions including MTR Gaming Group, Isle of Capri Casinos, Tropicana Entertainment, Caesars Entertainment Corporation, and William Hill PLC, establishing itself as a major player in the North American gaming industry.

As of December 31, 2025, Caesars owns, leases, or manages 52 domestic properties across 18 states, operating approximately 51,400 slot machines and 2,700 table games. The company maintains approximately 45,600 guest rooms and suites across its portfolio. Casino operations, including retail and online sports betting and iGaming, represent approximately 58 percent of total net revenues, while food and beverage operations contribute approximately 15 percent and hotel operations contribute approximately 17 percent of revenues.

The company operates the Caesars Sportsbook app, Caesars Racebook app, Caesars Palace Online Casino app, and Horseshoe Online Casino app across 34 jurisdictions in North America, with 27 offering online sports betting and five offering iGaming. Caesars conducts sports wagering and operates digital platforms powered by its proprietary Liberty technology platform, which integrates customer loyalty through the Caesars Rewards program.

Caesars maintains valuable brand portfolios including Eldorado, Silver Legacy, Isle, Lady Luck, Tropicana, Circus Circus, Caesars, Flamingo, Harrah's, Horseshoe, Paris, and Planet Hollywood. The company leases certain real property assets from Gaming and Leisure Properties, Inc. and VICI Properties L.P.

With approximately 50,000 team members, Caesars employs a significant workforce across its operations. The company operates major entertainment venues including the Colosseum at Caesars Palace Las Vegas and PH Live at Planet Hollywood Resort & Casino, and maintains the CAESARS FORUM conference center on the Las Vegas Strip. More information is available at www.caesars.com/corporate.

Sector
Consumer Discretionary
Industry
Services
HQ
RENO, NV
FY end
12-31
CIK
1590895
SIC
7011
Financial performance · annual
20142025
$-3.10B$923.20M$4.95B$8.97B$12.99B201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds Caesars Entertainment, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q1 · 13F 2026-06-30

286
funds hold it
1 of 35
superinvestors hold it
$2.22B
fund-held value
42.0%
of shares held by funds

Top fund holders

Fund% of fundValue
iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.35%$323.98M
American Funds Fundamental Investors
ANCFX
0.13%$198.22M
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$163.09M
Janus Henderson Contrarian Fund
JSVAX · JANUS INVESTMENT FUND
3.60%$154.39M
SMALLCAP World Fund Inc
SMCWX
0.15%$122.13M

Superinvestors in Caesars Entertainment, Inc.

Carl IcahnUNCHANGED
Icahn Capital (Carl C. Icahn)
0.9%

Share of each manager's reported 13F portfolio.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Could not be determined for this company: bond issues.

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15 years of Caesars Entertainment, Inc.'s financials

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