HG Vora Capital Management’s Stock Picks For 2025

8. Caesars Entertainment Inc (NASDAQ:CZR)

Shares held by HG Vora Capital Management: 2.25 million

Value of Position: $75.20 million

On the other hand, during the fourth quarter of 2024, HG Vora Capital Management boosted its position in Caesars Entertainment Inc (NASDAQ:CZR) by 1.75 million shares. The bet has paid off so far this year, as the stock is more than 18% in the green. Interestingly enough, HG Vora added Caesars Entertainment Inc (NASDAQ:CZR) during the fourth quarter of 2021, when the stock was trading around its all-time highs. As one of the most well-known brands for casinos and hospitality in Las Vegas, Caesars Entertainment stands to benefit from a rebound in tourism and its return to pre-pandemic levels, according to the latest trends. However, the company’s last quarterly results showed a decline in revenue both for the Las Vegas segment and Regional, of 1.3% and 7.6%, respectively. Nonetheless, Caesars Entertainment Inc (NASDAQ:CZR) has been aggressively expanding in the online segment and for the third quarter of 2024, the Digital segment posted revenue growth of nearly 41% to $303 million, helping inch up the total quarterly revenue by 2.6% to $2.9 billion. At the same time, the company swung to a loss of $0.04 per share and missed the consensus estimate by $0.25.