Caesars Entertainment has reported revenue of $2.8bn for the fourth quarter of 2022.<\/p>\n\n\n\n\n\n\n\n
US.- Caesars Entertainment<\/strong> has reported financial results for the quarter ended December 31. The company has reported revenue of $2.8bn<\/strong>, up 8.9 per cent compared to the same period in the previous year. Adjusted EBITDA was $957m, while net loss was $148m.<\/p>\n\n\n\n Caesars Entertainment registered $1.55bn in casino revenue, $511m in hotel revenue, $424m in food and beverages and $335m in other revenue. Regional revenue was $1.4bn, up 0.4 per cent year-on-year, while Las Vegas revenue also increased by 11 per cent to $1.15bn. Digital revenue more than doubled from $116m to $237m, managed and branded revenue was level at $72m and other revenue hit $2m.<\/p>\n\n\n\n Tom Reeg<\/strong>, Caesars CEO, said: “Our fourth quarter delivered another set of strong operating results as both our Las Vegas and regional segments each set a new fourth quarter record for adjusted EBITDA. Consumer demand remains strong in all of our verticals and we are optimistic for the year ahead.”<\/p>\n\n\n\n \u201cAdditionally, our Las Vegas segment set a new full-year record for adjusted EBITDA. Caesars Sportsbook <\/strong>delivered significantly improved operating results during the fourth quarter which sets the foundation for a strong 2023. Consumer demand remains strong in all of our verticals, and we are optimistic for the year ahead.\u201d<\/p>\n\n\n\n For the full year, the company reported net revenue of $10.8bn<\/strong>, an increase of 13 per cent year-on-year, and a net loss of $899m, down from a net loss of $1bn the previous year. Adjusted EBITDA for the full year was $3.2bn.<\/p>\n","protected":false},"excerpt":{"rendered":" Caesars Entertainment has reported revenue of $2.8bn for the fourth quarter of 2022.<\/p>\n","protected":false},"author":226,"featured_media":116346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"footnotes":""},"categories":[11,6],"tags":[133],"_links":{"self":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts\/777006298"}],"collection":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/users\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/comments?post=777006298"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts\/777006298\/revisions"}],"predecessor-version":[{"id":777006313,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/posts\/777006298\/revisions\/777006313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/media\/116346"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/media?parent=777006298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/categories?post=777006298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/wp-json\/wp\/v2\/tags?post=777006298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}