Caesars Entertainment (CZR) Tops Q2 EPS

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Go back to Caesars Entertainment (CZR) Tops Q2 EPS

Caesars Entertainment, Inc. Reports Second Quarter 2023 Results

August 1, 2023 4:04 PM EDT

LAS VEGAS & RENO, Nev.--(BUSINESS WIRE)-- Caesars Entertainment, Inc., (NASDAQ: CZR) (Caesars, CZR, CEI or the Company) today reported operating results for the second quarter ended June 30, 2023.

Second Quarter 2023 and Recent Highlights:

GAAP net revenues of $2.9 billion versus $2.8 billion for the comparable prior-year period. GAAP net income of $920 million compared to net loss of $123 million for the comparable prior-year period, with the increase primarily driven by a release of $940 million of valuation allowance against deferred tax assets associated with our REIT leases. Same-store Adjusted EBITDA of $1.0 billion versus $978... More