Regional market successes and a dramatic improvement in its Las Vegas segment were the key features of a strong second quarter reported by Caesars Entertainment.
Net revenues of $2.5bn compared with the Covid-hit $127m of last year. Net income was $71m compared with a net loss of $100m and EBITDA was $1bn versus a negative $131m. An all-time record in adjusted EBITDA was reported.
The company closed its William Hill acquisition last month and has now rebranded its sports betting operations to “Caesars” with a new marketing campaign that started this week.