Caesars Entertainment Corp. said Aug. 10 that its board increased the company's share buyback authorization to $750 million from the previously announced $500 million.

The casino and gaming company authorized the $500 million share repurchase on May 2. Since then, Caesars has bought back 23 million shares, representing 3.3% of the company's outstanding shares. The company bought the shares at $10.22 per share for a total consideration of $232 million.

With the increase, Caesars has $518 million remaining under its share repurchase program.