Caesars Stock Price Slides 12 Percent: No Right to Online Gambling IPO

Submitted by Aaron Goldstein on

Written by :

Aaron Goldstein

Published on :

Caesars Entertainment Corp. has sold 10.3 million shares of its common stock to a Swiss banking firm for $200 million, resulting in a sharp 12 percent decline in its share price Tuesday (October 15).  This represents the biggest decline of the year so far.

The stock began trading without rights to participate in an IPO of the company’s online gambling unit.  Anyone purchasing the stock as of the 15th would not enjoy rights to the new unit.  Those already owning stocks in Caesars will be able to purchase Caesars Acquisition Co. stock.

“You can sell the stock today and settle and still keep” the subscription rights, John Kempf, an analyst at RBC Capital Markets in New York, said in an e-mail to Bloomberg News Tuesday.

Owners of Caesars shares have benefitted over the year nonetheless as the company’s shares have more than tripled.

  • Aaron Goldstein, Gambling911.com
Gambling Companies
Business & Financial
Gambling News

betonline Ace Per Head BetMania 

Betus sportsbetting betphenix skybook 

Related Content

1xBet

1xBet Real Customer Reviews May 2026

One of the fastest growing global online gambling brands we are reading so much about these days is a company by the name of 1xBet. Interestingly, it's not exactly a new brand.
MN Senator Matt Klein

Bill to Ban Prediction Markets in Minnesota Set to Hit Senate Floor Days After Lawmaker There Admits to Betting on Himself

A state lawmaker admitted to betting on his own election at Kalshi and has received a 5-year ban for doing so.
PlayerProtect by BetOnline

BetOnline the Latest to Offer Player Protect in Case of Injuries.... NBA Playoffs Only

There are ZERO fees associated with this feature. All customers are eligible to receive benefits immediately.
US soldier saluting the flag

Feds Charge Soldier With Using Classified Intel to Win $400K on Polymarket

A U.S. special forces soldier involved in the military operation to capture Venezuelan President Nicolás Maduro has been charged with using classified information about the mission to win more than $400,000 in an online betting market, federal officials announced Thursday.