Capital Research Global Investors Cuts Caesars Stake to 9.1%

TL;DR

**Capital Research Global Investors now owns 9.1% of Caesars, down from previous filings.**

AI Summary

Capital Research Global Investors, a Delaware-based investment firm, filed an amended Schedule 13G/A on February 9, 2024, indicating a change in their beneficial ownership of Caesars Entertainment, Inc. common stock as of December 29, 2023. This filing, Amendment No. 3, shows that Capital Research Global Investors now beneficially owns 20,446,200 shares, representing 9.1% of Caesars Entertainment's outstanding common stock. This matters to investors because it signals a significant institutional investor's continued, albeit slightly reduced, confidence in Caesars Entertainment, which could influence market perception and stock performance.

Why It Matters

This filing shows a major institutional investor's updated position in Caesars Entertainment, which can influence market sentiment and potentially impact the stock price. A decrease in ownership, even if still substantial, might be interpreted by some as a slight reduction in conviction.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate or significant risk to the company or its investors.

Analyst Insight

An investor should note that a major institutional holder has slightly adjusted its position, but still maintains a significant stake. This might warrant further research into Caesars' recent performance and Capital Research Global Investors' investment strategy, but doesn't necessarily signal an immediate buy or sell.

Key Numbers

• 20,446,200 — Shares Beneficially Owned (This is the total number of common shares of Caesars Entertainment, Inc. that Capital Research Global Investors beneficially owns as of December 29, 2023.)
• 9.1% — Percentage of Class (This represents the percentage of Caesars Entertainment, Inc.'s common stock beneficially owned by Capital Research Global Investors, indicating a significant stake.)

Key Players & Entities

• Capital Research Global Investors (company) — the reporting person and institutional investor
• Caesars Entertainment, Inc. (company) — the subject company whose stock is being reported
• 20,446,200 (dollar_amount) — number of shares beneficially owned by Capital Research Global Investors
• 9.1% (dollar_amount) — percentage of class beneficially owned by Capital Research Global Investors
• December 29, 2023 (date) — date of the event which required the filing
• February 9, 2024 (date) — date the SC 13G/A filing was made

Forward-Looking Statements

• Caesars Entertainment's stock price will experience minor volatility due to this disclosure. (Caesars Entertainment, Inc.) — medium confidence, target: Within 1 week
• Other institutional investors may re-evaluate their positions in Caesars Entertainment following this filing. (Institutional Investors) — medium confidence, target: Within 1 month

FAQ

From the Filing

0001422848-24-000033.txt : 20240209 0001422848-24-000033.hdr.sgml : 20240209 20240209174632 ACCESSION NUMBER: 0001422848-24-000033 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 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: 24616443 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: Capital Research Global Investors CENTRAL INDEX KEY: 0001422848 ORGANIZATION NAME: IRS NUMBER: 951411037 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FL CITY: LOS ANGELES STATE: CA ZIP: 90071 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3 ) * Caesars Entertainment, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 12769G100 (CUSIP Number) December 29, 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 (the "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 I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital Research Global Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 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 12,183,267 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 12,215,285 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,215,285 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.7% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer Caesars Entertainment, Inc. (b) Address of Issuer's Principal Executive Offices 100 West Liberty Street, 12Th Floor, RENO, NV 89501 Item 2. (a) Name of Person Filing Capital Research Global Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 12769G100 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer