US – Caesars sets new quarterly EBIDTA records as Las Vegas occupancy increases

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With a ‘dramatic improvement’ in Las Vegas, Caesars Entertainment increased revenue by more than $700m to $2.5bn in Q2. This sets a new quarterly adjusted EBITDA record along the way.

Net income was $71 million, comparing to a net loss of $100 million in the same period last year. With this, the company sets ‘all-time records in quarterly Adjusted EBITDA and Adjusted EBITDA margin.’

“Our second-quarter operating results improved significantly versus the first quarter of 2021. It is because of continued strength in our regional markets and a dramatic improvement in results in our Las Vegas segment,” said Tom Reeg, CEO of Caesars Entertainment. With the completion of the William Hill acquisition, we have officially renamed our sports betting operations Caesars. And we will launch our new comprehensive marketing campaign on August 2, 2021.”

 

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Nassima Azmzm

Nassima Azmzm

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