Caesars’ Q3 figures show revenue rise

Caesars Entertainment has reported operating results for the third quarter ended September 30, which reveal net revenues of $3bn versus $2.9bn for the comparable prior-year period.

Net income was $74m compared to $52m for the comparable prior-year period. Consolidated adjusted EBITDA was $1.04bn versus $1.01bn. 

Tom Reeg, CEO, commented: “During the third quarter of 2023, the company achieved an all-time consolidated adjusted EBITDA record.

We experienced adjusted EBITDA growth year over year in all three of our primary operating segments including Las Vegas, regional and Caesars Digital.

Our regional segment achieved an all-time quarterly adjusted EBITDA record as we harvest the recent portfolio investments within this segment.”