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Companies / Consumer Discretionary / Caesars Entertainment, Inc.
CZR

Caesars Entertainment, Inc.

Ticker CZRRENO, NVFiscal year ends DecemberBook value per share $16.54Diluted shares 204.0M

Caesars Entertainment, Inc. (Nasdaq: CZR) is a gaming and hospitality company whose operations include casinos, retail and online sports betting, online gaming, hotels, dining, entertainment, racing, retail, and casino management and branding. Its customers include casino and digital wagering patrons, hotel guests,… From the company’s description.

In fiscal 2025, Caesars Entertainment, Inc. reported revenue of $11.49B, up 2.1% from fiscal 2024, and a net loss of $437.00M. Its operating margin was 16.2%, and operations generated $1.30B in cash. Over the twelve months to Jun 30, 2026, revenue was $11.65B.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$11.49BFY2025
+2.1% year over year
Last 12 mo $11.65B
16.18%FY2025
−4.3 percentage points
Last 12 mo 15.94%
$-437.00MFY2025
−107.1% year over year
Last 12 mo $-398.00M
-9.26%FY2025
−4.7 percentage points
Last 12 mo -13.78%
Cash & financing
$1.30BFY2025
+21.1% year over year
Last 12 mo $1.30B
$497.00MFY2025
+324.9% year over year
Last 12 mo $610.00M
7.10FY2025
Was 6.02× a year earlier
Last 12 mo 7.36
208.0MFY2025
−3.3% year over year
Last 12 mo 204.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Caesars Entertainment, Inc. does

In the company’s own words

Caesars Entertainment, Inc. (Nasdaq: CZR) is a gaming and hospitality company whose operations include casinos, retail and online sports betting, online gaming, hotels, dining, entertainment, racing, retail, and casino management and branding. Its customers include casino and digital wagering patrons, hotel guests, convention attendees, and visitors to its dining and entertainment venues. Caesars operates casino and hospitality properties alongside Caesars Digital, which offers the Caesars Sportsbook, Caesars Racebook, Caesars Palace Online Casino, and Horseshoe Online Casino apps. As of December 31, 2025, it owned, leased, or managed 52 domestic properties in 18 states and operated sports wagering in 34 North American jurisdictions and iGaming in five. Its portfolio includes brands such as Caesars, Harrah’s, Horseshoe, Flamingo, Paris, Planet Hollywood, Eldorado, and Tropicana. Founded in 1973, the company expanded through acquisitions including Caesars Entertainment Corporation in 2020 and William Hill in 2021. It had approximately 50,000 team members in 2025. Its website is www.caesars.com/corporate.

Company details
Sector
Consumer Discretionary
Industry (SIC)
Services
Headquarters
RENO, NV
Fiscal year end
December
CIK
1590895
SIC
7011

Financial performance, year by year

Fiscal 2014–2025 · USD
$-3.10B$923.20M$4.95B$8.97B$12.99B201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Caesars Entertainment, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

280
funds hold it
1 of 35
superinvestors hold it
$1.72B
held by funds, at market
28.4%
of shares held by funds

Superinvestors in Caesars Entertainment, Inc. · what they did last quarter

Carl IcahnUNCHANGED
Icahn Capital (Carl C. Icahn)
0.9%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Caesars Entertainment, Inc.’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.33%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.07%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.13%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.07%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

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.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Caesars Entertainment, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Caesars Entertainment, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Caesars Entertainment, Inc.'s last four quarterly filings that the numbers alone won't show?”
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