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☆ Stocks making the biggest moves midday: Reddit, Super Micro Computer, Garmin, Snap and more
▼ + stars: | 2024-10-30 | by ( Sean Conlon | ) www.cnbc.com time to read: +6 min

Reddit reported earnings of 16 cents per share, while analysts surveyed by LSEG had expected a loss of 7 cents. For the period, Garmin posted pro forma earnings of $1.99 per share on $1.59 billion in revenue. Wingstop – Shares fell around 19% after the restaurant chain missed analysts' expectations for the third quarter. Wingstop earned 88 cents per share, while analysts were looking for 95 cents per share, per LSEG. Advanced Micro Devices – Shares tumbled 9.5% after AMD gave guidance for fourth-quarter revenue of $7.5 billion, in line with analysts expectations, per LSEG.

Persons: Reddit, LSEG, EY, FactSet, Eli Lilly, XPO, Shack, Thomas Reeg, Wingstop, Chipotle, StreetAccount, Raymond James, Goldman Sachs, Alex Harring, Samantha Subin, Lisa Kailai Han, Sarah Min, Jesse Pound, Michelle Fox Organizations: Garmin, Caesars Entertainment, Google, Visa, AMD, Bloomberg, Emirates, Wall, Bank of America

☆ Caesars CEO Tom Reeg on capturing market share in the digital business
▼ + stars: | 2024-10-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCaesars CEO Tom Reeg on capturing market share in the digital businessTom Reeg, Caesars Entertainment CEO, joins CNBC's 'Squawk Box' to discuss the company's recent stock buyback, the state of discretionary spending, and more.

Persons: Tom Reeg Organizations: Caesars Entertainment

☆ Caesars CEO on Super Bowl 58: Demand is off the charts and room rates have doubled compared to F1
▼ + stars: | 2024-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCaesars CEO on Super Bowl 58: Demand is off the charts and room rates have doubled compared to F1Tom Reeg, Caesars Entertainment CEO, joins 'Money Movers' to discuss how this weekend compares to a typical weekend in Las Vegas, if there's a lasting legacy for hosting the Super Bowl in Vegas, and what's coming in sports gambling.

Persons: Tom Reeg Organizations: Super, Caesars Entertainment Locations: Las Vegas, Vegas

☆ Caesars reaches deal with Las Vegas union to avoid strike
▼ + stars: | 2023-11-08 | by ( Contessa Brewer | ) www.cnbc.com time to read: +1 min

The exterior of Caesars Palace Hotel and Casino is viewed in Las Vegas on Dec. 4, 2015. A strike is off the table for nearly 10,000 Caesars Entertainment union workers on the Las Vegas strip. The Culinary Union and Bartenders Union members voted to authorize a strike in September against Caesars, MGM Resorts and Wynn Resorts . In a statement to CNBC, Caesars said its union employees will see meaningful wage increases that align with growth opportunities and past performance. He said it would be the biggest wage increase for Caesars employees in the company's four decades of dealing with the Culinary Union.

Persons: Wynn, Tom Reeg Organizations: Caesars Entertainment, Culinary, Culinary Union, Bartenders Union, Caesars, MGM Resorts, Wynn Resorts, MGM, CNBC, CNBC PRO Locations: Las Vegas, Vegas

☆ Las Vegas casino, hotel workers set strike deadline after talks stall
▼ + stars: | 2023-11-02 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +2 min

An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. The Las Vegas unions, considered among the most powerful in the country, are demanding higher wages, stronger protections against new technology that may threaten jobs, a reduction in steep quotas for housekeepers and improved safety for workers. "Economically, the companies have made some movement but we are millions of dollars apart," Ted Pappageorge, Culinary Union Secretary-Treasurer told reporters on a call. The city is gearing up for major events in November including the Formula 1 Las Vegas Grand Prix which is expected to bring more than 100,000 tourists to the city. The union said no additional big table negotiations are currently scheduled with the three casino operators, including Caesars.

Persons: Bridget Bennett, Ted Pappageorge, Wynn, Thomas Reeg, Reeg, Doyinsola Oladipo, David Gregorio Our Organizations: MGM, MGM Resorts, REUTERS, MGM Resorts International, Caesars Entertainment, Wynn Resorts, Culinary Workers, Bartenders Unions, Las, housekeepers, Culinary Union, Caesars, Las Vegas, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, New York

☆ Caesars CEO Tom Reeg talks Caesars' strong quarterly report
▼ + stars: | 2023-08-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCaesars CEO Tom Reeg talks Caesars' strong quarterly reportTom Reeg, CEO of Caesars Entertainment, joins 'Last Call' to talk Caesars' quarterly earnings report, the state of travel in the U.S., sports betting and more.

Persons: Tom Reeg Organizations: Caesars, Caesars Entertainment Locations: U.S

☆ Gamblers are paying more money and winning less in Las Vegas casinos – here's why
▼ + stars: | 2023-05-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

Casinos on the Las Vegas Strip are making changes to attract "higher value customers," WSJ reports. Blackjack players on the Strip are paying more to gamble and winning less. In 2022, blackjack players lost $1 billion at the tables on the Strip, according to Nevada state data. Casino execs say it's all a part of a plan to attract "higher value customers." "You're bringing in higher value customers, and we're already full," Tom Reeg, Caesars Entertainment CEO, told Wall Street analysts.

☆ Caesars CEO: We're looking at March as the best month we've ever had
▼ + stars: | 2023-03-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCaesars CEO: We're looking at March as the best month we've ever hadCaesars Entertainment CEO Tom Reeg joins 'Squawk Box' to discuss what's coming next in Vegas, what Formula 1 in Vegas will do for Caesar's business and more.

In a room full of executives in the sports or gambling industries, she's often one of very few women. But Howe has the spotlight, and a megaphone, as the chief executive of the nation's market leader in sports betting. But in many conversations — off the stage and behind the scenes — it's clear Howe stands as a role model to other women in sports and gambling. "We're working to make sure that we're not just hiring [women], but we're finding them, we're training them, we're providing opportunities for women. Jessica Gelman, who co-founded the MIT Sloan conference, is the CEO of Kraft Analytics Group, a company that provides sports analytics to teams like the New England Patriots.

Mattress Mack's record-breaking $75 million payout on a wager that the Houston Astros would win the World Series will cost Caesars and Penn Entertainment big in their digital businesses this quarter. With the Astros' second-ever World Series win on Saturday, McIngvale clinched a $75 million payout. "I think if Mattress Mack doesn't hit, we'll be profitable in Q4," Snowden said then. We just wrote the biggest check in sports betting history to Mattress Mack for $30,000,000. "My real interest is making sure the customers win because the customers will be happy and thrilled and smiling," he said.

☆ Americans are spending record amounts at casinos and airlines — but recent warnings from Amazon and Apple suggest the party may soon be over
▼ + stars: | 2022-11-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Despite inflation, Americans are still shelling out at casinos, airlines, and restaurants. In October, both American and Southwest Airlines reported record operating revenues for their respective companies in the third quarter. Following "record summer leisure travel demand," consumers continued to hit the skies in September, Southwest CEO Bob Jordan said. A Deloitte survey of nearly 5,000 Americans found that Americans plan to buy 44% fewer gifts — an average of nine versus 16 last year. "Spending should slow down significantly with the holiday hangover and as savings continue to dwindle," RSM economist Tuan Nguyen told USA Today.

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