BlackRock Amends Caesars Entertainment Stake (SC 13G/A)

TL;DR

**BlackRock still owns a big chunk of Caesars, signaling institutional confidence.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of Caesars Entertainment, Inc. common stock as of December 31, 2023. This filing, Amendment No. 5, indicates BlackRock's continued significant, but passive, investment in the casino and hotel giant. For investors, this means a major institutional player still sees value in Caesars, providing a vote of confidence, even if their stake has slightly changed since the last filing.

Why It Matters

This filing shows that BlackRock, a massive investment firm, continues to hold a significant, albeit passive, stake in Caesars Entertainment, Inc., signaling their ongoing belief in the company's long-term prospects.

Risk Assessment

Risk Level: low — This filing is routine for large institutional investors and doesn't indicate any immediate financial risk or major change in company operations.

Analyst Insight

Investors should view this as a confirmation of BlackRock's continued, passive interest in Caesars Entertainment, but it doesn't suggest any immediate catalysts or changes in company strategy. It's a routine update from a large institutional holder.

Key Players & Entities

• BlackRock Inc. (company) — the investment firm filing the SC 13G/A
• Caesars Entertainment, Inc. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• January 25, 2024 (date) — the filing date of the SC 13G/A
• Amendment No. 5 (number) — the specific amendment number of the filing

Forward-Looking Statements

• BlackRock will maintain a significant, passive stake in Caesars Entertainment for the foreseeable future. (BlackRock Inc.) — high confidence, target: Q4 2024

FAQ

From the Filing

0001086364-24-003745.txt : 20240125 0001086364-24-003745.hdr.sgml : 20240125 20240125165927 ACCESSION NUMBER: 0001086364-24-003745 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Caesars Entertainment, Inc. CENTRAL INDEX KEY: 0001590895 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 463657681 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88332 FILM NUMBER: 24562970 BUSINESS ADDRESS: STREET 1: 100 WEST LIBERTY STREET, 12TH FLOOR CITY: RENO STATE: NV ZIP: 89501 BUSINESS PHONE: 775-328-0100 MAIL ADDRESS: STREET 1: 100 WEST LIBERTY STREET, 12TH FLOOR CITY: RENO STATE: NV ZIP: 89501 FORMER COMPANY: FORMER CONFORMED NAME: Eldorado Resorts, Inc. DATE OF NAME CHANGE: 20140919 FORMER COMPANY: FORMER CONFORMED NAME: Eclair Holdings Co DATE OF NAME CHANGE: 20131104 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us12769g1004_012524.txt us12769g1004_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 5) CAESARS ENTERTAINMENT INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 12769G100 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 12769G100 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 16062891 (6) Shared voting power 0 (7) Sole dispositive power 17372762 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 17372762 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- CAESARS ENTERTAINMENT INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 100 WEST LIBERTY STREET, 12TH FLOOR, RENO NV