Caesars Entertainment Increases Share Repurchase Authorization To $750 Million
⏱ 2 min read
(Las Vegas).- Caesars Entertainment Corporation today announced that its Board of Directors has increased its share repurchase authorization to $750 million of the company's outstanding common stock.
Since announcing the initial $500 million repurchase authorization on May 2, 2018, the company has acquired 23 million shares of its common stock, which equates to approximately 3.3% of the company's outstanding shares. The purchases were made at an average price of $10.22 per share for a total of $232 million. With today's increase in authorization, the company has $518 million remaining under its repurchase program.
"The increased repurchase authorization is a result of our confidence in the company's operating performance and allows us to take advantage of current market dynamics and strategically return cash to shareholders," said Mark Frissora, President and Chief Executive Officer. "We have ample capacity to pursue our strategic growth initiatives and opportunistically execute the buyback. The Board and management are fully committed to increasing shareholder value."
Caesars Entertainment also announced it does not have immediate plans to engage in a transaction involving its convertible notes. In June, the company filed a registration statement to exchange its convertible notes for the common stock into which they are convertible plus a cash payment. The company plans to revisit the transaction at a later date. The company is still targeting a 4.5x gross leverage by the end of 2021.
Repurchases under the company's share repurchase program may be made at the company's discretion from time to time on the open market or in privately negotiated transactions. The repurchase program has no time limit, does not obligate the company to make any repurchases and may be suspended for periods or discontinued at any time. Any shares acquired will be available for general corporate purposes. Caesars Entertainment intends to finance the share repurchase program using cash from operations.
Categoría:Casino
Tags: Sin tags
País: United States
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
