Caesars Entertainment (CZR) has released an update to notify the public and investors about a regulation fd disclosure.
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On January 18, 2024, Caesars Entertainment, Inc. announced plans to amend its CEI Credit Agreement, aiming to secure a new $2.0 billion senior secured term loan facility to repay certain debts due in 2025 and cover related costs. Preliminary operational results for Q4 2023 show expected ranges of net revenues, net income, and Adjusted EBITDA, with the Las Vegas segment’s occupancy rates rising and disruptions from renovations impacting room availability. Caesars Digital reported improved sports betting and iGaming handle, although sports betting hold was below the typical range in November. These figures are forward-looking and subject to change pending final financial closing processes and evaluations.
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