Company Overview
Caesars Entertainment, Inc. is a gaming and hospitality company that owns and operates gaming facilities. Its principal operating activities are reported through geographic regions and reportable segments, including West, Midwest, South, East and Central. The West segment includes Silver Legacy Resort Casino, and Tropicana Laughlin Hotel and Casino. The Midwest segment includes Isle Casino Waterloo and Isle Casino Bettendorf. The South segment includes Isle Casino Racing Pompano Park, Isle of Capri Casino Lula, Isle of Capri Casino Hotel Lake Charles, Trop Casino Greenville, and Belle of Baton Rouge Casino and Hotel. The East segment includes Presque Isle Downs and Casino, Eldorado Gaming Scioto Downs, and Tropicana Casino and Resort. The Central segment includes Tropicana Evansville, Lumiere Place Casino and Grand Victoria Casino.
Headquarters
100 West Liberty Street, 12Th Floor
Reno, NV
89501
Invested 5/20/2021
@ 99.3
*Caesars Entertainment, Inc. Reports Third Quarter 2022 Results
4:01 PM ET 11/1/22 | Dow Jones
PR Newswire
LAS VEGAS and RENO, Nev., Nov. 1, 2022
LAS VEGAS and RENO, Nev., Nov. 1, 2022 /PRNewswire/ -- Caesars Entertainment, Inc., (NASDAQ: CZR) ("Caesars," "CZR," "CEI" or "the Company") today reported operating results for the third quarter ended September 30, 2022.
Third Quarter 2022 and Recent Highlights:
-- GAAP net revenues of $2.9 billion versus $2.7 billion for the comparable
prior-year period.
-- GAAP net income of $52 million compared to net loss of $233 million for
the comparable prior-year period.
-- Same-store Adjusted EBITDA of $1.0 billion versus $880 million for the
comparable prior-year period.
-- Same-store Adjusted EBITDA, excluding our Caesars Digital segment, of
$1.05 billion versus $1.04 billion for the comparable prior-year period.
-- Caesars Digital same-store Adjusted EBITDA of $(38) million versus $(164)
million for the comparable prior-year period.
-- Company published latest CSR report on October 10, 2022, highlighting ESG
achievements and progress toward long-term targets over the past year.
Tom Reeg, Chief Executive Officer of Caesars Entertainment, Inc., commented, "Our third quarter results reflect a new quarterly record for consolidated adjusted EBITDA. Results in the quarter also reflect a new quarterly record for our brick and mortar properties led by a new all-time high third quarter EBITDA performance in our regional segment and continued strength in Las Vegas. Caesars Digital reported strong revenue growth in the quarter and a smaller than expected EBITDA loss driven by improved operating efficiencies."