Caesars Grows Third-Quarter Revenue as Net Loss Widens

Caesars Entertainment posted total revenue of 2.94 billion dollars for the three-month period ended September 30. That figure represents a 2.5 percent increase compared with the same period a year earlier. However, adjusted EBITDA fell 2.1 percent to 865 million dollars, and the net loss widened to 123 million dollars.

The company did not share a detailed analysis of the results. The main reason is Fertitta Entertainment's 17.6 billion dollar acquisition offer. Shareholders approved the offer last month, and the deal is targeted to close in June 2027.

Gaming revenue rose 6.8 percent to 1.75 billion dollars and remained the company's largest revenue line. Meanwhile, hotel and food and beverage revenue declined. Digital revenue increased 4.8 percent to 326 million dollars, and regional revenue rose 5.9 percent to 1.63 billion dollars. Las Vegas revenue fell 2.3 percent to 930 million dollars.

Operating expenses increased from 2.36 billion dollars to 2.48 billion dollars. Increases in casino operations, hotel, general and administrative, and depreciation costs stood out. For the nine-month period, revenue grew 2.7 percent to 8.8 billion dollars, while net income fell 3.7 percent to 1.47 billion dollars.