Caesars Entertainment Management
Management criteria checks 3/4
Caesars Entertainment's CEO is Tom Reeg, appointed in Jan 2019, has a tenure of 7.33 years. total yearly compensation is $17.20M, comprised of 12% salary and 88% bonuses, including company stock and options. directly owns 0.32% of the company’s shares, worth $17.93M. The average tenure of the management team and the board of directors is 9 years and 9 years respectively.
Key information
Tom Reeg
Chief executive officer
US$17.2m
Total compensation
| CEO salary percentage | 11.98% |
| CEO tenure | 7.3yrs |
| CEO ownership | 0.3% |
| Management average tenure | 9yrs |
| Board average tenure | 9yrs |
Recent management updates
Recent updates
CZR: Takeover Speculation Will Test Las Vegas Softness And Leverage Risks
Caesars Entertainment's updated fair value estimate has moved from $22.00 to about $25.12 per share. This reflects analysts' higher price targets supported by recent research that highlights company specific drivers and ongoing takeover speculation.Caesars Entertainment Seems Headed Toward A Deal
Apr 22
CZR: Takeover Interest Will Support Future Free Cash Flow Yield
Narrative Update on Caesars Entertainment The updated fair value estimate for Caesars Entertainment edges up to $32.57, as analysts incorporate recent price target revisions and modest adjustments to revenue growth, profit margin assumptions, and future P/E expectations across recent research calls. Analyst Commentary Recent research on Caesars Entertainment reflects a mix of cautious and constructive views, with several firms adjusting price targets and models after the latest quarterly results and media reports around potential takeover interest.
CZR: Takeover Interest And Free Cash Flow Will Support Share Rebound
Analysts have raised their blended price target for Caesars Entertainment to $32, up from $25, citing recent takeover interest and updated views on free cash flow and credit risk that are reshaping how they evaluate the stock's balance of risk and potential reward. Analyst Commentary Recent research on Caesars shows a mix of caution and optimism, with several firms refining their targets after the latest quarterly update and the emergence of takeover headlines.CZR: Takeover Interest Will Support Future Free Cash Flow From Vegas And Digital
Analysts nudged their average price target for Caesars Entertainment higher by about $0.70 to $32, citing recent takeover interest and the view that potential bids could provide a floor for the shares. This comes even as updated models reflect mixed Q4 results and ongoing questions around Las Vegas and digital performance.CZR: Future Free Cash Flow Will Rely On Vegas Stability And Digital Wagering
The updated analyst price target for Caesars Entertainment edges lower, reflecting a fair value move from $32.11 to $31.28 as analysts recalibrate revenue growth, profit margin, and P/E assumptions following Q4 results that were generally in line but mixed by segment. Analyst Commentary Street research on Caesars following Q4 clusters around a lower, but still supportive, valuation range, with price targets spanning roughly the mid 20s to mid 40s and ratings that generally sit at Equal Weight, Overweight, Buy, or Outperform.CZR: Las Vegas Softness And Digital Execution Will Shape Future Cash Flows
Narrative Update: Caesars Entertainment Analyst Price Target Revision The updated analyst framework lifts Caesars Entertainment's fair value estimate from $21.00 to $22.00 per share. This reflects analysts' refreshed models after recent price target trims into the mid $30s to mid $40s range and an ongoing focus on free cash flow potential in both Las Vegas and digital operations.CZR: Future Cash Flow Will Benefit From Expanding Regulated Wagering And Loyalty Engagement
Analysts have trimmed their fair value estimate for Caesars Entertainment by about $1 to $32.11, citing recent price target cuts and research that point to slightly softer revenue growth, lower profit margin assumptions, and a modestly higher future P/E multiple. Analyst Commentary Recent research updates around Caesars and its landlord VICI Properties give you a mixed picture, with some analysts focusing on execution and balance sheet progress while others are more focused on structural risks and market headwinds.CZR: Digital Expansion And Group Demand Are Expected To Drive Share Rebound
Narrative Update: Caesars Entertainment Price Target Shift Analysts have trimmed their price expectations for Caesars Entertainment by a few dollars per share, reflecting recent Q3 earnings softness, lower price targets at firms such as TD Cowen, Morgan Stanley, Jefferies, Truist and Citizens JMP, and ongoing concerns about Las Vegas, regional trends and lease exposure highlighted in recent research. Analyst Commentary Recent research paints a mixed but detailed picture around Caesars Entertainment, with several firms adjusting ratings and targets after Q3 results and updated views on Las Vegas, regional trends and lease structures.CZR: Digital Expansion And Group Demand Are Expected To Support Shares
Narrative Update The analyst fair value estimate for Caesars Entertainment has shifted from US$56.87 to US$41.00 as analysts factor in softer profit margin expectations, a lower assumed future P/E, and ongoing concerns around regional gaming growth, Las Vegas trends, lease risk, and recent earnings misses. Analyst Commentary Recent research on Caesars highlights a mixed setup, with several firms turning more cautious after Q3 results while still pointing to specific areas that could support value over time.CZR: Las Vegas And Regional Softness Will Pressure Future Earnings Outlook
Analysts have reduced their fair value estimate for Caesars Entertainment to $21.00 from $27.00, reflecting lowered confidence in Las Vegas and regional growth, increased capital needs after weaker than expected Q3 results, and concerns over potential rent pressure from key lease agreements, even though longer term revenue growth and margin assumptions remain comparatively constructive. Analyst Commentary Recent Street research reinforces a more cautious stance on Caesars, with several bearish analysts trimming price targets and dialing back ratings as they reassess the company’s earnings visibility and balance sheet flexibility.CZR: Future Cash Flow Will Improve With Digital Player Engagement Momentum
Analysts have reduced the fair value estimate for Caesars Entertainment from $34.71 to $33.37 per share. This adjustment reflects ongoing concerns about regional lease pressures, margin weakness, and muted growth expectations in both Las Vegas and regional gaming markets.CZR: Future Cash Flow Will Benefit From Digital Player Growth Momentum
Analysts have lowered their fair value estimate for Caesars Entertainment from approximately $35.88 to $34.71 per share. They cite recent earnings misses, cautious outlooks on Las Vegas performance, and ongoing margin pressures as key reasons for the reduced price target.CZR: Digital Player Growth And Las Vegas Recovery Will Drive Upside Ahead
Analysts have lowered their average price target for Caesars Entertainment from approximately $40.12 to $35.88 per share, citing recent earnings misses, margin pressure, and ongoing uncertainties in Las Vegas and digital operations as key factors for the revised outlook. Analyst Commentary Following recent earnings reports, analysts have offered a mix of optimism and caution regarding Caesars Entertainment’s future prospects.Digital Expansion And Upgrades Will Redefine Las Vegas Hospitality
Analysts have lowered their fair value estimate for Caesars Entertainment from approximately $41 to $40.12 per share. They cited stable regional trends and increased spend per visit, while also noting mixed results across business segments.Digital Expansion And Upgrades Will Redefine Las Vegas Hospitality
Analysts have trimmed Caesars Entertainment’s price target slightly to $41, reflecting underperformance in certain business segments, ongoing regulatory and macroeconomic risks, and cautious near-term sentiment, though long-term value remains supported by potential strategic actions and digital strength. Analyst Commentary Mixed performance across business segments, with Regionals/Vegas underperforming expectations while Digital exceeded forecasts; ongoing evaluation of a potential business spin-off in 2026 supports long-term value.Returns On Capital At Caesars Entertainment (NASDAQ:CZR) Have Hit The Brakes
Jul 15
These 4 Measures Indicate That Caesars Entertainment (NASDAQ:CZR) Is Using Debt In A Risky Way
Jun 24
Las Vegas Capital Projects And iCasino Launches Will Deliver Results
Strategic capital projects and completion of major expenditures position Caesars to boost revenue, margins, and free cash flow, enhancing financial performance.Caesars Entertainment Needs To Dodge The Obstacles
Mar 03Caesars Entertainment: Making Moves In iGaming
Jan 27Caesars: 2 Obstacles Stand Between It And A $51 Price Target
Nov 25Caesars Entertainment: High Stakes, High Debts, And Cautious Optimism
Sep 27Caesars: Playing Defense Using The WBD Playbook Might Get The Stock Moving
Sep 11Caesars: WSOP Sale And Las Vegas Momentum Enable Accelerated Debt Deleveraging
Aug 13Caesars: Uncle Carl Returns To The Feast, Sit With Him For Another Helping
Jun 05CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | -US$485m |
| Dec 31 2025 | US$17m | US$2m | -US$502m |
| Sep 30 2025 | n/a | n/a | -US$241m |
| Jun 30 2025 | n/a | n/a | -US$195m |
| Mar 31 2025 | n/a | n/a | -US$235m |
| Dec 31 2024 | US$18m | US$2m | -US$278m |
| Sep 30 2024 | n/a | n/a | -US$361m |
| Jun 30 2024 | n/a | n/a | -US$278m |
| Mar 31 2024 | n/a | n/a | US$764m |
| Dec 31 2023 | US$19m | US$2m | US$786m |
| Sep 30 2023 | n/a | n/a | US$710m |
| Jun 30 2023 | n/a | n/a | US$688m |
| Mar 31 2023 | n/a | n/a | -US$198m |
| Dec 31 2022 | US$31m | US$2m | -US$513m |
| Sep 30 2022 | n/a | n/a | -US$807m |
| Jun 30 2022 | n/a | n/a | -US$1b |
| Mar 31 2022 | n/a | n/a | -US$1b |
| Dec 31 2021 | US$23m | US$2m | -US$989m |
| Sep 30 2021 | n/a | n/a | -US$1b |
| Jun 30 2021 | n/a | n/a | -US$2b |
| Mar 31 2021 | n/a | n/a | -US$2b |
| Dec 31 2020 | US$14m | US$2m | -US$2b |
| Sep 30 2020 | n/a | n/a | -US$1b |
| Jun 30 2020 | n/a | n/a | -US$252m |
| Mar 31 2020 | n/a | n/a | -US$133m |
| Dec 31 2019 | US$9m | US$2m | US$81m |
Compensation vs Market: Tom's total compensation ($USD17.20M) is above average for companies of similar size in the US market ($USD8.77M).
Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.
CEO
Tom Reeg (53 yo)
7.3yrs
Tenure
US$17,199,029
Compensation
Mr. Thomas Robert Reeg, also known as Tom, CFA, has been the Chief Executive Officer of Caesars Entertainment, Inc. since January 1, 2019 and served as its Chief Financial Officer since March 15, 2016 unti...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 11.7yrs | no data | 0.17% $ 9.4m | |
| CEO & Director | 7.3yrs | US$17.20m | 0.32% $ 17.9m | |
| President & COO | 9yrs | US$8.22m | 0.15% $ 8.5m | |
| Chief Financial Officer | 7yrs | US$6.95m | 0.10% $ 5.7m | |
| Chief Accounting | 10.3yrs | US$3.60m | 0.040% $ 2.2m | |
| Executive VP | 9yrs | US$3.96m | 0.049% $ 2.7m | |
| Senior Vice President of Finance | no data | no data | no data | |
| Chief Marketing Officer | 5.3yrs | no data | 0.029% $ 1.6m | |
| Senior Vice President Regional Operations - South | 9yrs | no data | no data | |
| President of Caesars Sports & Online | no data | no data | no data | |
| Executive Director of Accounts | no data | no data | no data | |
| Director of Community Relations | no data | no data | no data |
9.0yrs
Average Tenure
52yo
Average Age
Experienced Management: CZR's management team is seasoned and experienced (9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman of the Board | 11.7yrs | no data | 0.17% $ 9.4m | |
| CEO & Director | 11.7yrs | US$17.20m | 0.32% $ 17.9m | |
| Lead Independent Director | 11.7yrs | US$461.22k | 0.026% $ 1.5m | |
| Independent Director | 5.8yrs | US$419.02k | 0.017% $ 929.0k | |
| Independent Director | 9yrs | US$391.22k | 0.021% $ 1.2m | |
| Independent Director | 11.7yrs | US$391.22k | 0.0090% $ 500.8k | |
| Independent Director | 11.7yrs | US$386.22k | 0.10% $ 5.8m | |
| Independent Director | 1.2yrs | US$251.19k | 0.0030% $ 168.0k | |
| Independent Director | 5.8yrs | US$396.22k | 0.013% $ 704.0k | |
| Independent Director | 1.2yrs | US$251.19k | 0.0030% $ 168.0k | |
| Independent Director | 2.1yrs | US$396.22k | no data |
9.0yrs
Average Tenure
64yo
Average Age
Experienced Board: CZR's board of directors are considered experienced (9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/05 20:51 |
| End of Day Share Price | 2026/05/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Caesars Entertainment, Inc. is covered by 29 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brandt Montour | Barclays |
| Shaun Kelley | BofA Global Research |
| Daniel Guglielmo | Capital One Securities, Inc. |