Caesars Entertainment director David Tomick sells $415,431 in shares
Caesars Entertainment Director David Tomick sold $415,431 worth of the company's shares in September 2026. He disposed of 7,000 shares on September 10 for $29.6674 each, followed by another 7,000 shares on September 11 at $29.68 per share. This sale happened while the stock was near its 52-week high of $30.88, and had increased nearly 27% year-to-date.
Post-sell, Tomick still owns 31,911 shares directly, with his spouse indirectly owning 7,650 shares through beneficial ownership. Despite this sale, Caesars Entertainment reported mixed Q2 results: a $3.0 billion revenue, up 3.0% year-over-year, but a GAAP net loss of -$0.30 per share, missing the -$0.04 per share estimate. The company's Fertitta acquisition is almost finished.
Moreover, a federal appeals court has reinstated a class action lawsuit against Atlantic City casino operators, including Caesars Entertainment. Allegedly, they used AI software to overcharge customers by coordinating room prices through Cendyn's AI-driven platform.
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