Why Caesars Entertainment (CZR) Shares Are Sliding Today

Stock Story

What Happened?

Shares of hotel and casino entertainment company Caesars Entertainment fell 3.3% in the afternoon session after Morgan Stanley lowered its price target on the company's stock to $27 from $29.

The analyst, Stephen Grambling, kept an "Equal-Weight" rating on the shares, but the reduced target suggested less optimism about the stock's future price. This adjustment contributed to negative investor sentiment, adding to a challenging period for the company. Shareholders had already seen the stock's value decline by more than two-thirds over the previous five years.

The shares closed the day at $24.36, down 3.9% from previous close.

What Is The Market Telling Us

Caesars Entertainment’s shares are very volatile and have had 22 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was about 2 months ago when the stock gained 7.1% on the news that comments from a key Federal Reserve official bolstered hopes for an interest rate cut.

New York Federal Reserve President John Williams stated he sees “room for a further adjustment” in the near term, sparking a significant market rally. Following his remarks, the probability of the central bank cutting rates at its December meeting jumped from 39% to over 73%, according to the CME FedWatch tool. This positive sentiment provided relief to markets amid concerns over high valuations, particularly in AI-related stocks.

Caesars Entertainment is up 3.2% since the beginning of the year, but at $24.31 per share, it is still trading 38.9% below its 52-week high of $39.76 from February 2025. Investors who bought $1,000 worth of Caesars Entertainment’s shares 5 years ago would now be looking at an investment worth $301.29.

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DraftKings stock falls after NFL Wild Card betting revenues drop

Investing.com

Advanced Micro Devices

-1.69%

Caesars Entertainment

-0.15%

Investing.com -- DraftKings (NASDAQ:DKNG) stock tumbled 7% and Flutter Entertainment (NYSE:FLTR) shares dropped 4% on Friday after data revealed a significant decline in online sports betting revenue during the NFL’s Wild Card weekend.

According to the New York State Gaming Commission, gross gaming revenue fell approximately 40% last week compared to the same period last year. The commission reported revenue of $37,308,585 for the week ending January 11, down from $62,044,116 for the week ending January 12, 2025.

The decline is particularly notable as Wild Card weekend typically attracts a higher volume of sports bettors. Piper Sandler highlighted that all six NFL games from the weekend garnered "a significant amount" of attention on prediction markets platforms, with the top five games by volume this season occurring during this period.

The revenue drop coincided with increased activity on competing prediction markets platforms, suggesting a potential shift in bettor behavior.

The broader gaming industry also felt the impact. Other notable declines included Caesars Entertainment (NASDAQ:CZR) down 2.5%, Wynn Resorts (NASDAQ:WYNN) dropping 2%, MGM Resorts (NYSE:MGM) falling 2%, and Las Vegas Sands (NYSE:LVS) declining 2.5%.

The disappointing performance during what is traditionally a strong betting period raises questions about the competitive landscape in online sports gambling as alternative betting platforms continue to gain traction.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Risk Warnings and Disclaimers

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Casino Operator Stocks Q3 Highlights: Flutter Entertainment (NYSE:FLUT)

Stock Story

Caesars Entertainment

-0.15%

Wynn Resorts

+0.08%

Flutter Entertainment

-5.73%

MGM Resorts International

+2.03%

Super Group

-3.52%

Looking back on casino operator stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Flutter Entertainment and its peers.

Casino operators enjoy limited competition because gambling is a highly regulated industry. These companies can also enjoy healthy margins and profits. Have you ever heard the phrase ‘the house always wins’? Regulation cuts both ways, however, and casinos may face stroke-of-the-pen risk that suddenly limits what they can or can't do and where they can do it. Furthermore, digitization is changing the game, pun intended. Whether it’s online poker or sports betting on your smartphone, innovation is forcing these players to adapt to changing consumer preferences, such as being able to wager anywhere on demand.

The 11 casino operator stocks we track reported a slower Q3. As a group, revenues beat analysts’ consensus estimates by 1.9%.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Flutter Entertainment

With its digital fingerprints on nearly every aspect of global gambling, from the Super Bowl bettor to the online poker aficionado, Flutter Entertainment (NASDAQ:FLUT) operates a portfolio of leading online sports betting and gaming brands including FanDuel, PokerStars, Paddy Power, and Sky Betting & Gaming.

Flutter Entertainment reported revenues of $3.79 billion, up 16.8% year on year. This print fell short of analysts’ expectations by 1.4%, but it was still a satisfactory quarter for the company with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ EPS estimates.

Unsurprisingly, the stock is down 8.6% since reporting and currently trades at $205.22.

Best Q3: Super Group

With betting operations spanning 20 jurisdictions and attracting nearly 5 million monthly customers, Super Group operates global online sports betting and gaming platforms through its two primary offerings: the Betway sports betting brand and Spin multi-brand casino portfolio.

Super Group reported revenues of $557 million, up 25.7% year on year, outperforming analysts’ expectations by 9.2%. The business had an incredible quarter with an impressive beat of analysts’ EBITDA estimates and a solid beat of analysts’ adjusted operating income estimates.

Super Group scored the fastest revenue growth among its peers. The company added 11,666.667 customers to reach a total of 5.51 million. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 16.5% since reporting. It currently trades at $10.12.

Weakest Q3: MGM Resorts

Operating several properties on the Las Vegas Strip, MGM Resorts is a global hospitality and entertainment company known for its resorts and casinos.

MGM Resorts reported revenues of $4.25 billion, up 1.6% year on year, in line with analysts’ expectations. It was a disappointing quarter as it posted a miss of analysts’ Hotel revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

Interestingly, the stock is up 11.5% since the results and currently trades at $34.53.

Read our full analysis of MGM Resorts’s results here.

Caesars Entertainment

Formerly Eldorado Resorts, Caesars Entertainment is a global gaming and hospitality company operating numerous casinos, hotels, and resort properties.

Caesars Entertainment reported revenues of $2.87 billion, flat year on year. This result lagged analysts' expectations by 0.9%. It was a softer quarter as it also logged a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.

The stock is up 12.5% since reporting and currently trades at $24.85.

Read our full, actionable report on Caesars Entertainment here, it’s free.

Wynn Resorts

Founded by the former Mirage Resorts CEO, Wynn Resorts is a global developer and operator of high-end hotels and casinos, known for its luxurious properties and premium guest services.

Wynn Resorts reported revenues of $1.83 billion, up 8.3% year on year. This print beat analysts’ expectations by 3.4%. However, it was a slower quarter as it logged a miss of analysts’ Dining and Entertainment revenue estimates and a significant miss of analysts’ EPS estimates.

The stock is down 5.1% since reporting and currently trades at $116.33.

Read our full, actionable report on Wynn Resorts here, it’s free.

Risk Warnings and Disclaimers

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U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.55%

Investing.com

Investing.com – U.S. stocks were mixed after the close on Thursday, as gains in the Oil & Gas, Consumer Goods and Consumer Services sectors led shares higher while losses in the Technology, Healthcare and Utilities sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average rose 0.55%, while the S&P 500 index gained 0.01%, and the NASDAQ Composite index fell 0.44%.

The best performers of the session on the Dow Jones Industrial Average were Nike Inc (NYSE:NKE), which rose 3.19% or 2.02 points to trade at 65.24 at the close. Meanwhile, Home Depot Inc (NYSE:HD) added 3.01% or 10.50 points to end at 359.56 and Sherwin-Williams Co (NYSE:SHW) was up 2.90% or 9.62 points to 341.03 in late trade.

The worst performers of the session were Amgen Inc (NASDAQ:AMGN), which fell 3.37% or 11.53 points to trade at 330.11 at the close. NVIDIA Corporation (NASDAQ:NVDA) declined 2.17% or 4.11 points to end at 185.04 and Salesforce Inc (NYSE:CRM) was down 2.10% or 5.59 points to 260.53.

The top performers on the S&P 500 were Caesars Entertainment Corporation (NASDAQ:CZR) which rose 9.00% to 25.07, APA Corporation (NASDAQ:APA) which was up 8.47% to settle at 25.37 and Mohawk Industries Inc (NYSE:MHK) which gained 6.91% to close at 114.26.

The worst performers were Teleflex Incorporated (NYSE:TFX) which was down 13.06% to 110.01 in late trade, Seagate Technology PLC (NASDAQ:STX) which lost 7.72% to settle at 284.47 and Western Digital Corporation (NASDAQ:WDC) which was down 6.10% to 187.68 at the close.

The top performers on the NASDAQ Composite were Digital Ally Inc (NASDAQ:KUST) which rose 225.80% to 2.84, Creative Global Technology Holdings Ltd (NASDAQ:CGTL) which was up 121.91% to settle at 2.57 and Enliven Therapeutics Inc (NASDAQ:ELVN) which gained 50.36% to close at 23.26.

The worst performers were Immuneering Corp (NASDAQ:IMRX) which was down 43.22% to 4.73 in late trade, Mingteng International Corp Inc (NASDAQ:MTEN) which lost 43.15% to settle at 0.60 and China SXT Pharmaceuticals Inc (NASDAQ:SXTC) which was down 39.00% to 1.22 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1927 to 794 and 103 ended unchanged; on the Nasdaq Stock Exchange, 1961 rose and 1381 declined, while 184 ended unchanged.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 0.46% to 15.45.

Gold Futures for February delivery was up 0.51% or 22.54 to $4,485.04 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 4.68% or 2.62 to hit $58.61 a barrel, while the March Brent oil contract rose 4.90% or 2.94 to trade at $62.90 a barrel.

EUR/USD was unchanged 0.18% to 1.17, while USD/JPY rose 0.09% to 156.90.

The US Dollar Index Futures was up 0.25% at 98.67.

Risk Warnings and Disclaimers

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Alibaba, Costco among market cap stock movers on Thursday

Investing.com

NVIDIA

-2.84%

Silicon Motion Technology

MoonLake Immunotherapeutics

-2.66%

Thursday’s market has seen swings in various stocks based on news and other factors. Today, stocks like Alibaba (BABA) and Costco (COST) are rallying, while stocks like AbbVie (ABBV) and Applovin (APP) are falling. Below are highlights of some of the biggest stock movers, from mega-caps to small caps.

Mega-Cap Movers (Market Cap:$200 billion USD or higher)

Alibaba (BABA) +5.19%
Costco Whsl Corp New (COST); Costco reports 8.5% increase in December sales to $29.86 billion +4.77%
Exxon Mobil (XOM) +3.85%
Home Depot (HD) +3.63%
AbbVie Inc (ABBV); Abbvie: Not In Discussions With Revolution Medicines - Reuters -3.57%
Applovin (APP) -3.58%
Micron Tech (MU) -3.59%
General Electric (GE) -3.64%
Intel Corp (INTC) -3.69%
Applied Matls Inc (AMAT) -3.48%

Large-Cap Stock Movers (Market Cap:$10-$200 billion USD)

Kratos Defense & (KTOS); Northrop Grumman wins Marine Corps uncrewed aircraft contract with Kratos +13.99%
Bloom Energy Corp (BE) +13.5%
Karman Holdings (KRMN); Karman Space & Defense to acquire maritime defense specialists for $220 million +9.67%
Regencell Bioscience Holdings (RGC) -18.12%
Ciena (CIEN) -14.28%
Acuity Brands Inc (AYI); Acuity Brands beats Q1 earnings estimates as sales rise 20% -13.61%
Lumentum Holdings Inc (LITE) -11.57%
ICON Plc (ICLR); Truist Securities downgrades ICON stock to Hold on growth concerns -9.88%
Seagate Technology (STX) -9.34%
Carpenter Technology Corp (CRS) -9.01%

Mid-Cap Stock Movers (Market Cap:$2-$10 billion USD)

Ondas (ONDS) +14.45%
Pbf Energy Inc (PBF) +14.07%
21Vianet Group (VNET) +11.33%
GDS Holdings Ltd (GDS) +10.35%
Caesars Entertainment Corp (CZR); Susquehanna upgrades Caesars Entertainment stock to Positive on earnings outlook +9.59%
Applied Opt (AAOI) -13.84%
Teleflex Inc (TFX) -11.41%
Centrus Energy (LEU) -11.02%
Silicon Motion Te (SIMO) -10.01%
Mudrick Capital A (HYMC) -10.12%

Small-Cap Stock Movers (Market Cap:$300 million -$2 billion USD)

Imara Inc (ELVN); Enliven reports positive initial phase 1b data for ELVN-001 in CML +50.74%
Neogen Corp (NEOG); Neogen stock soars 20% as earnings beat drives investor optimism +29.96%
Helix Acquisition Corp (MLTX); FDA confirms MoonLake’s path to HS drug approval without additional trials +28.08%
Babcock & Wilcox Enterprises (BW) +27.09%
Rich Sparkle Holdings (ANPA) +25.53%
Fluidigm Corp (LAB) +20.7%
CF Acquisition V (SATL) +20.63%
Aeluma (ALMU) +17.82%
Immuneering (IMRX); Immuneering reports 64% survival rate in pancreatic cancer trial -41.18%
CorMedix Inc (CRMD); CorMedix reports $127 million Q4 revenue, provides 2026 outlook -33.35%

For real-time, market-moving news, join Investing Pro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Risk Warnings and Disclaimers

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Boyd Gaming (NYSE:BYD): Strongest Q3 Results from the Casino Operator Group

Stock Story

Caesars Entertainment

-0.15%

Monarch Casino & Resort

MGM Resorts International

+2.03%

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how casino operator stocks fared in Q3, starting with Boyd Gaming .

The 9 casino operator stocks we track reported a slower Q3. As a group, revenues beat analysts’ consensus estimates by 1.5%.

In light of this news, share prices of the companies have held steady as they are up 3.8% on average since the latest earnings results.

Best Q3: Boyd Gaming

Run by the Boyd family, Boyd Gaming is a diversified operator of gaming entertainment properties across the United States, offering casino games, hotel accommodations, and dining.

Boyd Gaming reported revenues of $1.00 billion, up 4.5% year on year. This print exceeded analysts’ expectations by 15.7%. Despite the top-line beat, it was still a mixed quarter for the company with a solid beat of analysts’ revenue estimates but a significant miss of analysts’ adjusted operating income estimates.

Keith Smith, President and Chief Executive Officer of Boyd Gaming, said: "During the third quarter, our Company continued to achieve revenue and Adjusted EBITDAR growth after adjusting for our recent FanDuel transaction. These results were driven by year-over-year growth in play from our core customers, improving trends in play from our retail customers, our efficient operations, and our ongoing capital investment program. As a result, we saw healthy growth in gaming revenues across all three property operating segments during the quarter. At the same time, we continued our balanced approach to capital allocation, returning $175 million to shareholders during the quarter while maintaining the strongest balance sheet in our Company's history. In all, we are encouraged by the strength of our business and remain well-positioned to continue creating long-term value for our shareholders."

Boyd Gaming pulled off the biggest analyst estimates beat of the whole group. The stock is up 1.1% since reporting and currently trades at $85.86.

Red Rock Resorts

Founded in 1976, Red Rock Resorts operates a range of casino resorts and entertainment properties, primarily in the Las Vegas metropolitan area.

Red Rock Resorts reported revenues of $475.6 million, up 1.6% year on year, falling short of analysts’ expectations by 0.8%. The business performed better than its peers, but it was unfortunately a mixed quarter with a beat of analysts’ EPS estimates but a miss of analysts’ Hotel revenue estimates.

The market seems happy with the results as the stock is up 6.4% since reporting. It currently trades at $63.03.

Weakest Q3: MGM Resorts

Operating several properties on the Las Vegas Strip, MGM Resorts is a global hospitality and entertainment company known for its resorts and casinos.

Interestingly, the stock is up 18.1% since the results and currently trades at $36.57.

Read our full analysis of MGM Resorts’s results here.

Monarch

Established in 1993, Monarch operates luxury casinos and resorts, offering high-end gaming, dining, and hospitality experiences.

Monarch reported revenues of $142.8 million, up 3.6% year on year. This number came in 1.7% below analysts' expectations. Taking a step back, it was a mixed quarter as it also recorded a beat of analysts’ EPS estimates but a miss of analysts’ Dining revenue estimates.

Monarch had the weakest performance against analyst estimates among its peers. The stock is flat since reporting and currently trades at $96.48.

Read our full, actionable report on Monarch here, it’s free for active Edge members.

Caesars Entertainment

Formerly Eldorado Resorts, Caesars Entertainment is a global gaming and hospitality company operating numerous casinos, hotels, and resort properties.

Caesars Entertainment reported revenues of $2.87 billion, flat year on year. This print lagged analysts' expectations by 0.9%. Overall, it was a softer quarter as it also produced a significant miss of analysts’ EPS estimates and a miss of analysts’ EBITDA estimates.

The stock is up 5.5% since reporting and currently trades at $23.30.

Read our full, actionable report on Caesars Entertainment here, it’s free for active Edge members.

Risk Warnings and Disclaimers

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