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

Jan Jones Blackhurst Joins Caesars Entertainment’s Board of Directors

“Jan is not only a driven and accomplished leader, but she is also a legend in Las Vegas – the city’s first woman mayor and a popular leader in business and politics – and we are thrilled to welcome her to the Board,” said James Hunt, Chairman of Caesars Entertainment. “With her appointment, Caesars will continue to benefit from her vast experience, expertise and incredible relationships and I am confident she will bring valuable leadership and insight to our board."

Administrator
in People
Read moreJan Jones Blackhurst Joins Caesars Entertainment’s Board of Directors

Global Gaming Women Names GLI’s Christie Eickelman its New President

“Global Gaming Women has a strong mission statement, and our guiding principles of courage, integrity, and leadership continue to inspire our Board and the women we serve. We are grateful to the many companies and individuals who back GGW, and as we broaden our donor structure, we will ensure we will have the resources necessary to support the development of women at all levels throughout the industry,” Eickelman said.

Administrator
in People
Read moreGlobal Gaming Women Names GLI’s Christie Eickelman its New President