Caesars Entertainment ( (CZR) ) has provided an update.
On March 17, 2025, Caesars Entertainment entered into an agreement with the Icahn Group, resulting in the appointment of Jesse Lynn and Ted Papapostolou as independent directors on its Board. This strategic move, effective immediately, aims to enhance shareholder value and explore strategic alternatives for Caesars’ digital business, while expanding the Board to 12 members. The agreement includes standstill and voting commitments from the Icahn Group, preventing them from acquiring significant ownership or engaging in proxy contests during the standstill period. This development reflects Caesars’ ongoing efforts to strengthen its governance and maximize shareholder value.
More about Caesars Entertainment
Caesars Entertainment, Inc. is the largest casino-entertainment company in the US and a leading global provider of diversified casino-entertainment services. The company operates resorts primarily under the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® brand names, offering gaming, entertainment, hospitality amenities, and online gaming and sports betting experiences. Caesars focuses on delivering value through exceptional service, operational excellence, and technology leadership, supported by its Caesars Rewards loyalty program.
YTD Price Performance: -10.65%
Average Trading Volume: 4,972,678
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.84B
For detailed information about CZR stock, go to TipRanks’ Stock Analysis page.