February 9, 2012 -
Shares of Caesars Entertainment, a company with casinos in Atlantic City and the Philadelphia suburbs, rose nearly 70 percent last Wednesday, the first day of an initial public offering. Shares of Caesars, with a ticker symbol of CZR, opened just over $9 as an IPO and climbed to a high of $17.90 before closing at $15.39. On Feb. 14, CZR closed at 12.59. For more on Caesar’s IPO, click here.
Caesars Entertainment owns four casinos in Atlantic City, including Harrah’s Resorts, Caesars Atlantic City, Bally’s Atlantic City and Showboat, as well as Harrah’s Chester in Delaware County, Pa. Caesars is the world’s largest casino company and owns or operates casinos in the United States and abroad. It also owns the World Series of Poker brand.