Financial News

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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.”

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IGT to Provide Enhanced INTELLIGEN™ Central System to the Oregon Lottery

by Administrator

“Our longstanding partnership with IGT has enabled us to operate our statewide video lottery system with the highest standards of integrity and security, and has helped us grow revenue to fund programs Oregonians care about including schools, parks, and economic development,” said Barry Pack, Oregon State Lottery Director.”  “Through the upgrade of IGT INTELLIGEN, the Oregon Lottery will gain access to industry-leading technology that can help drive revenue and position the Lottery to deploy future functionality,” said Jay Gendron, IGT Chief Operating Officer, Lottery.“The Oregon Lottery has one of North America’s most successful VLT programs, and IGT has been providing it with innovative technology for more than three decades. 

Read moreIGT to Provide Enhanced INTELLIGEN™ Central System to the Oregon Lottery