What smart money is saying about Caesars Entertainment, Inc.
2 funds in our archive have pitched Caesars Entertainment, Inc., most recently Baron Real Estate Fund in March 2026.
Caesars Entertainment, Inc. stands as a prominent gaming and lodging enterprise with extensive operations throughout the United States. The company manages numerous casinos, offering diverse gambling options like poker, keno, horse racing, and digital sports wagering platforms. Beyond its gaming ventures, Caesars provides a broad spectrum of leisure and accommodation services, including dining establishments, bars, nightclubs, lounges, hotels, and various entertainment facilities. Additionally, it offers staffing and management support, sells merchandise such as accessories and souvenirs via its retail outlets, and operates online sports betting and iGaming services. By the close of 2021, its portfolio encompassed 52 properties located across 16 U.S. states, which were either owned, leased, or managed. These establishments collectively featured approximately 55,700 slot machines, video lottery terminals, and electronic gaming tables; 2,900 traditional table games; and 47,700 guest rooms. Established in 1937, Caesars Entertainment, Inc. maintains its corporate headquarters in Reno, Nevada.
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Position history
Between Q1 2025 and Q3 2026, 3 fund letters reported a position in Caesars Entertainment, Inc., with 1 buy (opened or added).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 1 | 0 | 0 |
| Q2 2026 | 1 | 0 | 0 | 0 |
| Q1 2026 | 1 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 3 positions · 1 move
- September 2026
“The fund was active in the period. US casino operator Caesars was a notable deal during the period. We picked up the company's 2030 bonds, where potential M&A activity has created an attractive spread opportunity.”
31 more words on why: read Royal London AM Short Duration Global High Yield Bond Fund’s full commentCaesars Entertainment, Inc. - June 2026
“three Fund holdings received acquisition announcements at significant premiums: Caesars Entertainment, Inc. – Caesars, the largest gaming company in the U.S., according to management, announced an agreement to be acquired by Fertitta Entertainment”
Caesars Entertainment, Inc. - HoldsThe Davenport FundsMarch 2026
“Caesar’s Entertainment, Inc. (CZR), which at a point had rallied more than 25% year-to-date on takeout rumors, gave up roughly half of this move as volatility and risk aversion related to the Iran conflict seeped into the narrative.”
Caesars Entertainment, Inc.
Also mentioned · 1
These funds discuss Caesars Entertainment, Inc. as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedBaron Real Estate StrategyJune 2026
“Privatizations of Discounted Public Real Estate Are Accelerating As we have noted in prior letters, many publicly traded real estate companies trade at meaningful discounts to private market values. During the second quarter of 2026, three Strategy holdings received acquisition announcements at significant premiums: Caesars Entertainment, Inc. – Caesars, the largest gaming company in the U.S., according to management, announced an agreement to be acquired by Fertitta Entertainment at a 49% premium to its unaffected share price as of February 25, 2026.”
Caesars Entertainment, Inc.
Fund coverage · 2 theses
- Baron Real Estate FundMarch 2026
Caesars Entertainment is the largest U.S. casino-entertainment company with attractive free cash flow yield and improving operating tailwinds.
Read the full thesis - JDP CapitalMarch 2025
Caesars Entertainment (CZR) is poised for significant upside potential, with a target price of $80-$90 per share, driven by its strong online gaming growth and anticipated $1 billion in after-tax free cash flow in 2025.
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