Burdened by US$11.9 billion (£8.76bn) in aggregate debt, Vegas dominator Caesars Entertainment (CZR) has reported a hefty net loss of -US$502 million (-£369.89m) for FY25 – but with its iGaming vertical, Caesars Digital, still presenting some cheer amid the fiscal gloom.
Nevertheless, the money markets–perhaps noting that Caesars, home of the most famous casino in the world, Caesars Palace, with another seven top-line gambling seraglios on the storied Las Vegas Strip, is too big to fail–has reacted with cautious optimism to the fiscal dampener.
A round-up of a dozen respected financial analysts predict that Caesars, headed by Tom Reeg, estimates that company stock will hit an average of US$29.83 in the…