Caesars Entertainment

Caesars Entertainment

Operates casinos, resorts, and entertainment venues

Overview

Caesars Entertainment operates a global portfolio of casinos, hotels, and entertainment venues. Its core business is gaming and hospitality, with casinos offering table games and slot machines, plus lodging, dining, live shows, and conventions. The product is the overall gaming and resort experience: guests gamble, stay, eat, and enjoy entertainment across properties worldwide. Caesars Palace in Las Vegas and other destinations anchor the brand. The company grew through acquisitions (notably Harrah’s over Caesars, and later Eldorado Resorts) to become a leading gaming and hospitality group. Its business model combines casino gaming revenue with hotel stays, hospitality services, and event-driven entertainment, leveraging a recognizable brand and scale to attract high-traffic destinations. The goal is to provide a comprehensive leisure and entertainment experience while sustaining growth and resilience in a competitive gaming industry.

Significant Headcount Growth

About Caesars Entertainment

Simplify's Rating
Why Caesars Entertainment is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Entertainment

Gaming

Company Size

10,001+

Company Stage

IPO

Headquarters

Las Vegas, Nevada

Founded

1973

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Simplify's Take

What believers are saying

  • New Jersey iGaming GGR exceeded $210 million through August 2026, up 11% year-over-year.
  • Caesars Virginia revenue rose 7.7% in Q2 2026, while profit increased 11.1%.
  • Remote Roulette and new Aristocrat titles deepen digital cross-sell across regulated states.

What critics are saying

  • New Jersey fined Caesars Sportsbook $251,250 on August 26, 2026 for responsible-gaming failures.
  • FTC issued a second request on the Fertitta deal, delaying closing beyond September 2026.
  • Icahn board resignations and a New York tribal lawsuit expose governance and legal strain.

What makes Caesars Entertainment unique

  • Caesars Rewards links casinos, sportsbooks, online games, and 50-plus destinations across North America.
  • Empire Creative launched Ball Rush Jackpots on August 28, 2026, proving in-house product velocity.
  • Caesars operates three Atlantic City casinos and marquee Las Vegas heritage properties.

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Funding

Total Funding

$41.8M

Above

Industry Average

Funded Over

3 Rounds

Post IPO Equity funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Equity Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Holidays

Remote Work Options

401(k) Retirement Plan

401(k) Company Match

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

↑ 8%

1 year growth

↑ 8%

2 year growth

↑ 8%
Casino.org
Sep 22nd, 2026
Caesars adds online live roulette with Tropicana Atlantic City studio feed.

Caesars adds online live roulette with Tropicana Atlantic City studio feed. Posted on: September 22, 2026, 08:19h. Last updated on: September 23, 2026, 05:29h. Key points. * Caesars has launched Remote Roulette at Tropicana Atlantic City, letting New Jersey online players join a live roulette wheel on the casino floor * The Evolution-powered game allows online and in-person players to play on the same wheel, following the success of Remote Reels * Caesars' New Jersey iGaming operations generated more than $210 million through August, up 11% year over year Caesars Entertainment is expanding its online gaming offering in New Jersey with a new live dealer roulette feed streaming from Tropicana Atlantic City. Powered by Evolution Gaming, the business-to-business leader in online live dealer gaming, New Jersey online casino players on the Caesars network now have access to Remote Roulette. The interactive version of roulette puts remote players directly on the Tropicana casino floor in Atlantic City. Remote Roulette allows remote and in-person casino players to participate on the same wheel. Remote Roulette joins Remote Reels, physical slot machines inside Tropicana that can be played online. "Remote Roulette is the latest innovative addition to the gaming experiences available to players at Tropicana Atlantic City," said Gregg Klein, senior vice president and general manager of Tropicana Atlantic City. "Following the success of Remote Reels, this live dealer experience extends the excitement of our casino floor to online players across New Jersey." Remote play key to Caesars AC. Caesars Entertainment operates three of the nine casinos in Atlantic City with Caesars, Tropicana, and Harrah's. The company remains committed to its iGaming operations, which, unlike some of its brick-and-mortar business in Atlantic City, is thriving. In New Jersey, Caesars' online gaming portfolio operates as Caesars Interactive Entertainment New Jersey, LLC (CIENJ). The network includes various online gaming brands, including Caesars Palace Online Casino, Tropicana Casino, and WSOP. CIENJ also partners with third-party platforms such as BetParx, Jackpocket, Betinia, Ember Casino, and Vegas Club Casino. Through August, CIENJ generated gross gaming revenue (GGR) of more than $210 million from the eight iGaming skins. That's up 11% from 2025. Meanwhile, in-person GGR at Tropicana is down 2.6% to $149.1 million, and Harrah's casino win is 2.2% lower at $153.3 million. Caesars, however, has seen retail casino win climb 10.9% to $158.5 million, with the company crediting $240 million in resort renovations over the past few years for the turnaround. For the first time in the property's 46-year history, Caesars offered a beachfront venue this summer called the Caesars Beach Club. For the first six months of 2026, Caesars' gross operating profit was up 11.1% to $17.9 million, while Harrah's was down 10.4% to $24.6 million and Tropicana's bottom line shrunk 24.4% to $21.3 million. The future of Caesars in Atlantic City will weigh on whether billionaire Tilman Fertitta's $17.6 billion deal is executed. The sides agreed to the terms in May. As proposed, the merger would give the new Caesars a fourth property in Atlantic City with Fertitta's Golden Nugget. State regulators could force the company to sell or close a property on antitrust concerns. Evolution eyes new studio. In May 2024, Evolution proposed a $75 million facility that would have consolidated its live dealer operations. The project targeted land owned by the New Jersey Casino Reinvestment Development Authority (CRDA) at 2301 Fairmount Avenue, then used as a parking lot. Those plans did not move forward, with Evolution instead turning to the non-gaming Showboat Resort. The company is developing a 60,000-square-foot live dealer broadcasting studio on the second floor of the property, subject to regulatory approval. The broadcasting studio will be closed to the public and be available only for online casino gamblers. For remote players seeking a more real casino experience, like Remote Roulette, Evolution offers in-casino feeds, along with Tropicana, at Hard Rock and Ocean Casino. Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, and gaming news. Devin came on board with Casino.org in 2014. He lives in Arlington, Va.

The E. W. Scripps Company
Sep 18th, 2026
Two directors appointed by Carl Icahn resign from Caesars board.

Two directors appointed by Carl Icahn resign from Caesars board. September 18, 2026 Introduction to board resignations. Two board members appointed to Caesars Entertainment through activist investor Carl Icahn have recently resigned, marking a significant development in the ongoing corporate saga involving the casino giant. Immediate resignations of Lynn and Papapostolou. Caesars Entertainment revealed in a Securities and Exchange Commission filing that Jesse Lynn, the general counsel of Icahn Enterprises, along with Ted Papapostolou, the CEO of Icahn Enterprises, have both stepped down from their positions on the Caesars board, effective immediately. This unexpected departure was communicated directly to the company's executive chairman, Gary Carano. Additionally, Icahn's group has relinquished its rights to appoint any replacement directors based on the prior Director Appointment and Nomination Agreement. These resignations come in the wake of Carl Icahn's failed attempt to purchase Caesars, raising speculation about his future involvement with the company. The filing did not specify if these departures are a direct consequence of Caesars' refusal to accept Icahn's takeover bid. Lynn and Papapostolou had joined the board in March 2025, approximately ten months after Icahn announced his stake in the company. Their exit follows the recent resignation of Courtney Mather, another former board member associated with Icahn Enterprises, who left the board two months earlier after seven years with the investment firm. Background on Icahn's takeover bid. Icahn, owning close to 5% of Caesars, had been in negotiations regarding a privatization deal with the company since 2025. Ultimately, he proposed an offer of $34 per share, which surpassed the $31 per share offer made by Tilman Fertitta's Fertitta Entertainment, the bid that Caesars accepted. Despite the higher offer price, Icahn's proposal was complicated by financing and debt structuring concerns, which made it less appealing to key stakeholders, particularly the Carano family, the largest non-institutional shareholder. Caesars shareholders are set to vote on the Fertitta buyout at a special meeting scheduled for September 22, 2026. Regulatory review and next steps. The Federal Trade Commission has issued a second request for more information related to the proposed merger between Caesars and Fertitta Entertainment. This request comes under the Hart-Scott-Rodino Antitrust Improvements Act, requiring both companies to respond within 30 days. Caesars and Fertitta Entertainment have committed to cooperating fully with the FTC during this review period. The merger's completion depends on the expiration or termination of the regulatory waiting period and satisfying all other merger-related conditions.

Global Gaming Insider
Sep 15th, 2026
Virginia's August casino revenue manages to climb 15% to $97.6m.

Virginia's August casino revenue manages to climb 15% to $97.6m. Despite generating the highest casino revenue of any commercial property during August, Caesars Virginia reported a decrease of 3.9% year-over-year to just over $33.1m. Key Points Live! Virginia and The Interim Gaming Hall Norfolk produced $14.3m and $1.1m, respectively, marking the latest properties to debut in Virginia Slot machines accounted for $75.8m of the state's total revenue and grew 15.6%, while table games increased 13.1% to $21.8m The Virginia Lottery has released the state's total casino activity for August 2026, as the five commercial operators which currently report to the regulator combined to generate $97.6m of revenue, equating to growth of 15%. During August, slot machine activity in Virginia accounted for $75.8m of the state's total revenue and increased 15.6%, while table game revenue grew 13.1% year-over-year to nearly $21.8m. Despite generating the highest casino revenue of any commercial property during August, Caesars Virginia reported a decrease of 3.9% to just over $33.1m, followed by Rivers Casino Portsmouth which witnessed a fall of 6.8% to $26.1m. While some may wonder how the state increased casino revenue despite its leading operators reporting decreases from August 2025, figures were helped by the recent launches of Live! Virginia and the Interim Gaming Hall Norfolk, which generated $14.3m and $1.1m, respectively. Virginia casino revenue history - 2026. Hard Rock Bristol, serving as the middle child of Virginia's casino operations for August, produced just over $22.9m of casino revenue for a rise of 2.7%. The operators submitted $20m in taxes to the state of Virginia during August, including $6.3m to their respective host cities and allocations to the Problem Gambling Treatment and Support Fund, Family and Children's Trust Fund and Virginia Indigenous People's Trust Fund. On September 1, The Virginia Lottery also reported the state's total sports wagering activity for July 2026, as online and retail operators managed to generate $55.4m of revenue, representing an increase of 21.5%. Online sports betting accounted for the vast majority of revenue and total handle during July, having produced just over $55.1m and increased 22.3%. Mobile activity also drove $606.3m of handle for July, rising 41.9% year-over-year. Retail sports betting drove just $286,939 of revenue for July and decreased 45.1%, even while the vertical's $2.8m handle during the monthly period equates to a 41.9% increase as well. Good to know Virginia Senate candidate Mark Robert Moran sued Kalshi on September 11, alleging the operator acted in bad faith when disciplining him for trading contracts linked to his own political candidacy Reaction Board

Global Gaming Insider
Sep 14th, 2026
Arizona bettors generate $599.5m event wagering handle for July, increases 29.3%.

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