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The latest update is out from Caesars Entertainment ( (CZR) ).
Caesars Entertainment, Inc. has announced a $1 billion offering of senior notes due in 2032 and the completion of its 2018 Share Repurchase Program, having bought back over 3.8 million shares. Additionally, the company’s board has authorized a new $500 million share repurchase program and intends to sell the World Series of Poker intellectual property for $500 million, using the majority of proceeds to reduce debt and reinvest in the business. The sale of senior notes and share repurchases are subject to market conditions and do not constitute a commitment to proceed.
For detailed information about CZR stock, go to TipRanks’ Stock Analysis page.
