Caesars Entertainment

Caesars Entertainment, Inc. is the largest gaming company in the United States by number of properties, operating more than 50 casinos across 17 states. The company was formed in 2020 through the $17.3 billion merger of Eldorado Resorts and Caesars Entertainment Corporation. Headquartered in Las Vegas, Nevada, Caesars generated US$11.2 billion in revenue in 2024, making it one of the largest casino operators in the world.

The company operates through three primary segments: Las Vegas (its Strip properties including Caesars Palace, Paris Las Vegas, and Planet Hollywood), Regional (its properties across US regional markets), and Caesars Digital (encompassing Caesars Sportsbook and World Series of Poker online platforms). Caesars Sportsbook is live in over 25 states, making it one of the leading sports betting brands in the United States.

Caesars Entertainment is publicly traded on the NASDAQ under the ticker symbol CZR. The company employs approximately 50,000 people and is recognized as a Tier-1 operator in the global gaming industry. Its flagship property, Caesars Palace, is one of the most iconic casino resorts in the world, known for its Roman-themed architecture and celebrity chef restaurants.

Caesars Palace — The Flagship

Caesars Palace, opened in 1966 by Jay Sarno, is the company's crown jewel and one of the most recognizable casino resorts in the world. The Roman-themed mega-resort features 3,960 rooms, a 124,000-square-foot casino, the Colosseum theater (home to residencies by top artists), the Forum Shops (one of the highest-grossing malls in the US), and multiple celebrity chef restaurants including Gordon Ramsay Hell's Kitchen and Nobu.

Caesars Rewards Loyalty Program

Caesars Rewards is one of the industry's most established loyalty programs, with over 60 million members. The program features six tiers: Rewards, Platinum, Diamond, Diamond Plus, Diamond Elite, and Seven Stars (invitation-only). Members earn Reward Credits and Tier Credits that can be redeemed across all Caesars properties for hotel stays, dining, entertainment, and gaming. The program also includes partnerships with Wyndham Rewards and Atlantis Paradise Island.

Caesars Sportsbook & Digital

Caesars Sportsbook is the company's online sports betting and casino platform, live in over 25 states. The platform was significantly boosted by the 2021 acquisition of William Hill US for $4 billion. Caesars Digital also operates the World Series of Poker (WSOP) online platform, allowing players to qualify for WSOP events online.

World Series of Poker (WSOP)

Caesars owns and operates the World Series of Poker, the world's most prestigious poker tournament series. Held annually at Horseshoe and Paris Las Vegas since 2022, the WSOP Main Event is the most coveted prize in poker. The brand also operates WSOP.com for online poker in New Jersey, Nevada, Pennsylvania, and Michigan.

Regional Casino Network

Beyond Las Vegas, Caesars operates major regional casinos including Horseshoe Hammond (Indiana), Harrah's Cherokee (North Carolina), Caesars Southern Indiana, and Horseshoe Baltimore, among many others. The company's regional portfolio makes it the largest casino operator in the US by number of properties.

1937 — Harrah's Founding

Bill Harrah opened Harrah's Bingo Club in Reno, Nevada, which would grow into Harrah's Entertainment — a predecessor of modern Caesars Entertainment.

1966 — Caesars Palace Opens

Jay Sarno opened Caesars Palace on the Las Vegas Strip, establishing one of the most iconic casino brands in history. The Roman-themed resort set a new standard for luxury in Las Vegas.

1980 — Caesars World Acquisition

The Claridge Hotel and Casino Corporation acquired Caesars World (parent of Caesars Palace), forming Caesars World, Inc.

2005 — Harrah's Acquires Caesars

Harrah's Entertainment acquired Caesars Entertainment, Inc. for $9.4 billion, creating the world's largest casino company at the time and combining iconic brands like Caesars Palace, Harrah's, and Horseshoe.

2008 — Private Equity Buyout

Apollo Global Management and TPG Capital took Harrah's private in a $30.7 billion leveraged buyout, one of the largest private equity deals in history. The company was later renamed Caesars Entertainment Corporation.

2013 — Caesars Acquisition Corporation (CAC) Formed

The company restructured, spinning off Caesars Acquisition Company to manage its online gaming and World Series of Poker assets.

2015 — Bankruptcy & Restructuring

Caesars Entertainment Operating Company filed for Chapter 11 bankruptcy, emerging in 2017 after a complex restructuring that split the company into operating and real estate entities.

2020 — Eldorado Merger

Eldorado Resorts completed its $17.3 billion acquisition of Caesars Entertainment Corporation, creating the largest gaming company in the US. Thomas Reeg, Eldorado's CEO, became CEO of the combined entity.

2021 — William Hill US Acquisition

Caesars acquired William Hill's US operations for $4 billion, significantly expanding its sports betting footprint and rebranding as Caesars Sportsbook.

2022 — WSOP Moves to the Strip

The World Series of Poker moved to Bally's and Paris Las Vegas (later rebranded Horseshoe Las Vegas), bringing the prestigious tournament series back to the Las Vegas Strip.

2024 — Continued Digital Growth

Caesars reported $11.2 billion in revenue for 2024, with its Caesars Digital segment showing strong growth in sports betting and iCasino markets.

Caesars Entertainment is committed to responsible gaming across all its properties and digital platforms. The company implements comprehensive responsible gaming programs including:

• Caesars Cares — Responsible Gaming Program — The company's flagship responsible gaming initiative, integrated across all properties and the Caesars Sportsbook platform. The program provides tools for setting deposit, time, and spending limits.
• Self-Exclusion Programs — Players can voluntarily exclude themselves from gaming at any Caesars property or on Caesars Sportsbook. The program is enforced across all jurisdictions where Caesars operates.
• Trained Staff — All Caesars employees undergo mandatory responsible gaming training to identify and assist patrons who may be experiencing gambling-related harm. The company employs dedicated Responsible Gaming coordinators at each property.
• Caesars Sportsbook Responsible Gaming Tools — The online platform offers deposit limits, time-out periods, self-exclusion, reality checks, and session timers. Players can also access their full gaming history for transparency.
• Partnerships — Caesars partners with the National Council on Problem Gambling (NCPG) and other organizations to promote responsible gaming awareness and provide support resources.
• Underage Gaming Prevention — Strict ID verification protocols are enforced at all properties and online platforms to prevent underage gambling. The company uses advanced age verification technology for online registrations.

Players experiencing gambling-related harm can contact the National Problem Gambling Helpline at 1-800-522-4700, available 24/7.