2024.07.18
bellagio casino diceIn its first earnings report in new form, Caesars Entertainment (NASDAQ:CZR) reported a loss of 0 million on revenue of 6.5 million, down from net income of .9 million a year earlier. (Image: Travel Channel)The “new Caesars” — the combination of the old version of that company and its acquirer, Eldorado Resorts — joins a growing list of gaming companies reporting dismal second-quarter results because of the coronavirus pandemic.The combined company’s properties were closed for all of April, with some regional venues coming back online in May. He didn’t mention a specific Sin City venue that could be sold.“Everything’s for sale every day,” said Reeg.In terms of expansion, the CEO said there isn’t an immediate need to enter cities or regions in which Caesars currently doesn’t have a footprint, and implied international expansion is off the table for the foreseeable future.As of June 30, Caesars had .7 billion in debt and .7 billion in cash.online gambling vtSoon after Eldorado announced its offer for Caesars in June 2019, Reeg said the iGaming and sports wagering units could eventually be spun-off from the parent company to maximize value for investors.Today, Reeg said a “permanent solution” on the online casinos and sports wagering businesses could be announced within the current calendar year. The lobby at Caesars Palace Las Vegas. (Image: Travel Channel)The “new Caesars” — the combination of the old version of that company and its acquirer, Eldorado Resorts — joins a growing list of gaming companies reporting dismal second-quarter results because of the coronavirus pandemic.The combined company’s properties were closed for all of April, with some regional venues coming back online in May. pechanga casino discount code online poker youtubefour winds casino rewardsThe CEO pointed out some of that softness is being offset by gains from unrated players.Sports BoomIn his opening remarks on a conference call with analysts and investors, Reeg said he frequently takes questions regarding the fate of the combined company’s online casino and sports betting businesses. But perhaps change your video conferencing background when lounging poolside. The package levels are named “The Associate,” “The Manager,” and “The Executive.” Room sizes and views increase per tier, as do resort credits and amenities.“We understand that working fcasino vicksburgThis year, the company’s online gaming unit in New Jersey alone could account for 5 million in turnover, with margins in the high 30s on a percentage basis, said Reeg.The CEO added “there’s room for multiple success stories in this space,” and that he’s convinced Caesars is going to be one of them.Tacaptain jack casino active bonus codeslking DivestmentsLeading up to the completion of the acquisition, Eldorado said it would sell at least one property on the Las Vegas Strip. New Caesars reported a Q2 loss, but there was interesting sports betting news. MGM says come to Las Vegas, get your work done, and then enjoy the perks of Sin City. firekeepers casino golf packages big dollar casino signup bonuscasino 6 deck card shufflerBut perhaps change your video conferencing background when lounging poolside. The lobby at Caesars Palace Las Vegas. The package levels are named “The Associate,” “The Manager,” and “The Executive.” Room sizes and views increase per tier, as do resort credits and amenities.“We understand that working fBut perhaps change your video conferencing background when lounging poolside. The shares closed around today.But he cautioned against “knee jerk reactions,” simply because financial markets are assigning lofty valuations to those fast-growing segments.He said Caesars’ iGaming and sports betting business could generate 0 million to 0 million in revenue next year. brian christopher slots cruise boomtown online casino |