Financial News

Bank of America Merrill Lynch breaks down possible MGM casino deal

2018 Indian gaming revenues of $33.7 billion show a 4.1 percent increase

Ohio Gaming Industry Reports Monthly Gain, Casinos Win $164.3M in August

Okada Manila numbers soar in July, more hotel rooms set to open

Caesars slips back into loss in 2Q19 but US properties showing growth ahead of Eldorado merger

“Caesars delivered solid financial results in the second quarter driven by the contribution from Centaur and strength from our Las Vegas hotel and food and beverage businesses,” said Caesars CEO Tony Rodio. “Our Las Vegas performance was the result of strong group and leisure demand, which produced an all-time quarterly record for hotel cash revenue and occupancy for the second consecutive quarter. These results were partially offset by competitive pressures in Atlantic City and other parts of our regional portfolio as well as unfavorable hold predominately at Caesars Palace. “As we work toward successful completion of the proposed merger with Eldorado Resorts, the management team and I remain focused on improving the company’s operations and financial profile through incremental revenue opportunities and operating efficiencies. I’m confident that the proposed transaction will create an industry leading platform poised to succeed in our dynamic industry.”

Latest Articles

Caesars slips back into loss in 2Q19 but US properties showing growth ahead of Eldorado merger

by Administrator

“Caesars delivered solid financial results in the second quarter driven by the contribution from Centaur and strength from our Las Vegas hotel and food and beverage businesses,” said Caesars CEO Tony Rodio. “Our Las Vegas performance was the result of strong group and leisure demand, which produced an all-time quarterly record for hotel cash revenue and occupancy for the second consecutive quarter. These results were partially offset by competitive pressures in Atlantic City and other parts of our regional portfolio as well as unfavorable hold predominately at Caesars Palace. “As we work toward successful completion of the proposed merger with Eldorado Resorts, the management team and I remain focused on improving the company’s operations and financial profile through incremental revenue opportunities and operating efficiencies. I’m confident that the proposed transaction will create an industry leading platform poised to succeed in our dynamic industry.”

Read moreCaesars slips back into loss in 2Q19 but US properties showing growth ahead of Eldorado merger