Las Vegas leads for Caesars in Q2

Brick and mortar venue revenues, notably in Las Vegas, were a record for Caesars Entertainment in its second quarter, reports the company.

Overall, net revenues reached $2.82bn, up on the $2.54bn of last year, but the net loss remains at $123m compared with a net income of $71m. EBITDA was $978m compared with $1.0bn. The company has repaid $770m of outstanding debt.

CEO Tom Reeg said: “Our second quarter results reflect a consolidated EBITDA record for our brick and mortar properties led by an all-time quarterly EBITDA record in Las Vegas and continued strength in our regional markets when compared to 2019.

“Operating results in our digital segment improved dramatically versus the first quarter and we are optimistic regarding trends in this segment for the balance of the year.”