Caesars Entertainment, Inc. (CZR) Stock

Caesars Entertainment, Inc. (CZR) is a Consumer Discretionary stock trading at $29.64 (as of 2026-08-20), with a market capitalization of $6.04B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Caesars Entertainment, Inc. is a U.S. gaming and hospitality operator that runs casinos with table and electronic gaming, including online poker/keno and sports betting. The company also operates hotels and entertainment and dining venues, and it offers retail products, staffing and management services, and online sports betting and iGaming across properties it owns, leases, and manages in multiple states.

Understand Caesars Entertainment, Inc.: how it makes money

Caesars Entertainment operates casinos and hospitality in the United States, including online sports betting and iGaming, and it makes money primarily from casino and entertainment net revenues generated by its owned, leased, and managed properties, plus digital wagering revenue from Caesars Digital.

Operating profit is mainly driven by cash generation at the physical casino business (Las Vegas and Regional segments, tracked through segment EBITDA and related measures), while Caesars Digital is much smaller and shows an Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization loss on the provided KPIs.

Revenue by segment (latest quarter)
Las Vegas$1.1B
Regional$1.5B
Caesars Digital$0.1B

Business quality (Weak): The provided data supports a clear profit engine anchored in Las Vegas and Regional segment cash generation, with digital contributing smaller revenue but showing loss metrics in the provided operating KPI set.

Bull case

  • Scale of physical gaming footprint: Caesars owned, leased, and managed 52 domestic properties in 16 states, with approximately 55,700 slot machines and video lottery terminals.
  • Segments show positive operating earnings measures on the provided KPIs: Las Vegas and Regional segment earnings before interest, taxes, depreciation, and amortization (and related adjusted measures) are listed as positive in the operational KPI set.
  • Digital wagering is already generating revenue: The operational KPI set includes Caesars Digital Revenue (USD_B 0.12), and it also provides digital sportsbook hold rate (percent 8.3).

Bear case

  • Digital segment profitability pressure: The provided KPIs show Caesars Digital segment Adjusted Earnings Before Interest Taxes Depreciation and Amortization (Loss) (USD_B 0.3) and Digital Segment Adjusted EBITDA (USD_B 0.0).
  • Performance sensitivity to sportsbook economics: The operational KPI set includes multiple hold rate metrics (Sportsbook hold rate percent 8.9, Digital sportsbook hold rate percent 8.3, and Sports betting hold rate percent 8.6), indicating that wagering profitability depends on sportsbook hold.
  • Geographic concentration is domestic: The company’s property footprint is described as domestic, across 16 states, which concentrates operating exposure to US market conditions and state-level factors.
Valuation — source: SEC EDGAR (first-party)
Price$29.64
Market Cap$6.04B
EV / EBITDA4.9
Price / Book1.68
Price / Sales0.53
FCF Yield10.1%
DCF Value (model)$111.10
DCF Upside vs Price274.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$11.49B
Net Margin-4.4%
Revenue Growth (YoY)2.1%
EPS Growth (YoY)87.6%
FCF Growth (YoY)-324.9%
Financial Health — source: SEC EDGAR
Altman Z-Score0.52 (distress)
Valuation vs Sector & Industry
Sector P/E (Consumer Discretionary)20.5
Industry P/E (Restaurants, Hotels & Motels)26.6
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($671.68M)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorConsumer Discretionary
IndustryRestaurants, Hotels & Motels
CEOThomas Robert Reeg
Employees50,000
CountryUS
IPO Date2014-09-22

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CZR earnings history · CZR institutional & insider holders · CZR KPIs & operating metrics · CZR financials · CZR investor presentations & press releases · CZR SEC filings · CZR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.