Caesars Entertainment Inc
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Consumer Discretionary : Hotels, Restaurants & Leisure | Mid Cap Blend
Company profile

Caesars Entertainment, Inc. is a gaming and hospitality company that owns and operates gaming facilities. Its principal operating activities are reported through geographic regions and reportable segments, including West, Midwest, South, East and Central. The West segment includes Silver Legacy Resort Casino, and Tropicana Laughlin Hotel and Casino. The Midwest segment includes Isle Casino Waterloo and Isle Casino Bettendorf. The South segment includes Isle Casino Racing Pompano Park, Isle of Capri Casino Lula, Isle of Capri Casino Hotel Lake Charles, Trop Casino Greenville, and Belle of Baton Rouge Casino and Hotel. The East segment includes Presque Isle Downs and Casino, ldorado Gaming Scioto Downs, and Tropicana Casino and Resort. The Central segment includes Tropicana Evansville, Lumiere Place Casino and Grand Victoria Casino.

Postmarket

Last Trade
Delayed
$53.99
-0.91 (-1.66%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$54.90
Day's Change
1.40 (2.62%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
55.29
Day's Low
52.85
Volume
(Light)
Volume:
1,657,446

10-day average volume:
3,301,074
1,657,446

Online shoppers 'held out' for Cyber Week this year, Salesforce says

6:59 pm ET November 29, 2022 (MarketWatch)
Print

Online sales during this year's Cyber Week rose 2% year-over-year to a record $281 billion worldwide, Salesforce said on Tuesday, as customers zeroed in on discounts amid decades-high inflation during the holiday shopping period, which runs from Thanksgiving through Cyber Monday. The company, which analyzed shopping data from 1.5 billion consumers, said that after "lackluster" deals earlier in the season, retailers poured on the markdowns more aggressively as Cyber Week began. "The data showed a departure from Cyber Weeks in 2020 and 2021, when online shopping was increasingly spread throughout the month of November," Salesforce said in a release. "In comparison, 2022 data show both shoppers and retailers held out for Cyber Week as retailers worked to limit discounts that increased margin pressures and consumers searched for better deals - contributing to the largest spike in U.S. digital sales growth in the last six weeks." While Salesforce noted weakness in the UK and Europe, which are feeling the pain of an energy crisis, Cyber Week sales in the U.S. rose 9% from 2021 to $68 billion.

-Bill Peters

	

(END) Dow Jones Newswires

November 29, 2022 18:59 ET (23:59 GMT)

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