10 Most Promising Mid-Cap Stocks According to Hedge Funds

7. Caesars Entertainment, Inc. (NASDAQ:CZR)

Number of Hedge Fund Holders: 54

Market Capitalization as of October 10, 2024: $9.61 Billion

Caesars Entertainment, Inc. (NASDAQ:CZR) is a prominent entertainment and gambling company headquartered in Nevada, United States. Formerly known as Eldorado Resorts, the company now has over 50 casinos in the world and is known as one of the largest gaming companies in the United States. Some of its popular gaming brands include Harrah’s, Horseshoe, Eldorado, Silver Legacy, Circus Circus Reno, and Tropicana.

The company is in the works to open Nobu Hotels Caesers in New Orleans in the coming months. Once opened, the gaming revenue is projected to increase by $80 million. In addition to that, Caesars Entertainment, Inc. (NASDAQ:CZR) also plans to open another property in Virginia by the end of 2024.

A few days ago, Caesars Entertainment, Inc. (NASDAQ:CZR) announced the launch of its Horseshoe Online Casino, an online casino application and desktop platform for seasoned casino players. The Horseshoe brand has been offering unparalleled gaming experiences to players since 1951. The application will ensure the brand’s legacy is alive and that it celebrates established casino players.

Despite challenges in digital sports, betting practices, and regulatory bodies, Caesars Entertainment, Inc. (NASDAQ:CZR) has been showing consistent performance. It has not only been working to reduce its debt burden, but it is also striving to improve its fundamentals and enhance its position in technology.