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Tag: Caesars Entertainment

Caesars Entertainment, Inc. Reports Second Quarter 2022 Results
Entertainment

Caesars Entertainment, Inc. Reports Second Quarter 2022 Results

LAS VEGAS and RENO, Nev., Aug. 2, 2022 /PRNewswire/ -- Caesars Entertainment, Inc., (NASDAQ: CZR) ("Caesars," "CZR," "CEI" or "the Company") today reported operating results for the second quarter ended June 30, 2022. Second Quarter 2022 and Recent Highlights: GAAP net revenues of $2.8 billion versus $2.5 billion for the comparable prior-year period. GAAP net loss of $123 million compared to net income of $71 million for the comparable prior-year period. Same-store Adjusted EBITDA of $978 million versus $1.0 billion for the comparable prior-year period. Same-store Adjusted EBITDA, excluding our Caesars Digital segment, of $1.05 billion versus $1.01 billion for the comparable prior-year period. Caesars Digital same-store Adjusted EBITDA of $(69) million versus $2 million for the comparab...