XAG/SAR Price & Performance (XAGSAR)

Caesars Entertainment is considering a public spinoff of its digital assets, including its sportsbook and iCasino products. The move aims to unlock value within its growing digital segment, which saw a 60% rise in iGaming revenue in 2024. CEO Tom Reeg highlights that these assets are undervalued within the current corporate structure.12

Activist investor Carl Icahn has secured two additional seats on Caesars Entertainment's board, further solidifying his influence. The move comes as Icahn continues to push for strategies to enhance shareholder value, potentially signaling future restructuring or asset sales within the company.13

Caesars Entertainment posted better-than-expected earnings per share of $0.05 for Q4 2024, but missed revenue forecasts, reporting $2.8 billion. Despite challenges in regional markets, the digital segment showed strong growth, and the company reduced debt by $500 million, signaling progress in its financial strategy.14