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Caesars Q3 Las Vegas Revenue Dips 2.3% Amid Buyout
financeHotel Dive··1 min·For: Owner, Investor, Revenue, GM

Caesars Q3 Las Vegas Revenue Dips 2.3% Amid Buyout

Caesars Entertainment reported a 2.3% decline in Q3 Las Vegas net revenues as its $17.6 billion acquisition by Fertitta Entertainment progresses toward closing. Strong regional and digital performance offset local declines, driving total net revenue up 2.5% systemwide.

Key Takeaways

  1. 1Las Vegas net revenues dropped 2.3% and segment adjusted EBITDA fell 9.5% year over year.
  2. 2Systemwide net revenues grew 2.5%, bolstered by gains in regional (5.9%) and digital (4.8%) segments.
  3. 3Shareholders approved Fertitta's $17.6 billion takeover, which now awaits antitrust and regulatory clearances.

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Source: Hotel Dive

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