Caesars Entertainment, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 30, 2024 at 04:01 pm
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Caesars Entertainment, Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was USD 2,071 million compared to USD 2,109 million a year ago. Sales was USD 2,071 million compared to USD 2,109 million a year ago. Revenue was USD 2,830 million compared to USD 2,879 million a year ago. Revenue was USD 2,830 million compared to USD 2,879 million a year ago. Net loss was USD 122 million compared to net income of USD 920 million a year ago. Net loss was USD 122 million compared to net income of USD 920 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to basic earnings per share from continuing operations of USD 4.27 a year ago. Basic loss per share from continuing operations was USD 0.56 compared to basic earnings per share from continuing operations of USD 4.27 a year ago. Diluted loss per share from continuing operations was USD 0.56 compared to diluted earnings per share from continuing operations of USD 4.26 a year ago. Diluted loss per share from continuing operations was USD 0.56 compared to diluted earnings per share from continuing operations of USD 4.26 a year ago.
For the six months, sales was USD 4,099 million compared to USD 4,197 million a year ago. Sales was USD 4,099 million compared to USD 4,197 million a year ago. Revenue was USD 5,572 million compared to USD 5,709 million a year ago. Revenue was USD 5,572 million compared to USD 5,709 million a year ago. Net loss was USD 280 million compared to net income of USD 784 million a year ago. Net loss was USD 280 million compared to net income of USD 784 million a year ago. Basic loss per share from continuing operations was USD 1.29 compared to basic earnings per share from continuing operations of USD 3.65 a year ago. Basic loss per share from continuing operations was USD 1.29 compared to basic earnings per share from continuing operations of USD 3.65 a year ago. Diluted loss per share from continuing operations was USD 1.29 compared to diluted earnings per share from continuing operations of USD 3.63 a year ago. Diluted loss per share from continuing operations was USD 1.29 compared to diluted earnings per share from continuing operations of USD 3.63 a year ago.
Caesars Entertainment, Inc. specializes in the holding and operation of gaming establishments and hotel complexes. At the end of 2023, the group operated 52 establishments under the Caesars Palace, Harrah's, Horseshoe, Eldorado, Silver Legacy, Circus Circus Reno, Tropicana, Paris Las Vegas, Planet Hollywood Resort & Casino, The Cromwell, Grand Victoria Casino and Isle Casino brands. Net sales break down by activity as follows:
- casino operations (55.4%): approximately 51,300 slot machines and video lottery terminals and approximately 2,700 gaming tables operated at the end of 2023. The group is also developing a sports betting and online gambling operating activity;
- hotel operations (18.1%): 44,700 rooms;
- operation of restaurants, bars and lounges (14.8%);
- other (11.7%): including the operation of nightclubs, entertainment establishments, stores and conference rooms.
CAESARS ENTERTAINMENT, INC. 
