Citigroup Reduces Stake in Caesars Entertainment

Institutional investor cuts holdings in casino company by over 80%

Published on Mar. 4, 2026

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Citigroup Inc. has significantly reduced its stake in Caesars Entertainment, Inc. (NASDAQ:CZR), selling off over 818,000 shares during the third quarter. The institutional investor now owns approximately 181,120 shares, worth around $4.9 million, representing just 0.09% ownership in the casino company.

Why it matters

Citigroup's decision to substantially trim its position in Caesars Entertainment reflects broader market sentiment and uncertainty around the casino industry, which has faced challenges from the pandemic and economic headwinds. The move could signal a shift in investor confidence in the company's long-term prospects.

The details

According to a recent filing with the Securities and Exchange Commission, Citigroup reduced its holdings in Caesars Entertainment by 81.9% during the third quarter. The investment bank previously owned 818,736 shares but has now cut that position down to 181,120 shares, worth around $4.9 million. Caesars Entertainment, one of the largest casino-entertainment companies in the US, has seen its stock price fluctuate amid the industry's recovery from the COVID-19 pandemic.

  • Citigroup reduced its Caesars Entertainment holdings during the third quarter of 2025.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation headquartered in New York City.

Caesars Entertainment, Inc.

A leading integrated gaming and hospitality company with a global portfolio of resorts, casinos, and entertainment venues.

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The takeaway

Citigroup's significant reduction in its Caesars Entertainment stake reflects broader uncertainty in the casino industry, which has faced challenges from the pandemic and economic conditions. This move could signal a shift in investor sentiment around the company's long-term prospects.