Caesars announces $2.6bln in revenue in 2021 Q4
Caesars Entertainment, America-based hotel and casino entertainment company, announces a revenue amounting to $2.6bln during the last trimester of 2021.
The figures demonstrate a rise from the estimates of $1.6bln during the same period of the previous year.
The venue in Las Vegas generated $1.04bln, while in Q4 of the previous year it accounted for $447mln. The biggest revenue represents the regional venues, reaching 1.36blm, compared to 1.02bln from the same period of 2020.
The company speaks about a net loss accounting for $434mln, while in 2020 it reached $555mln. Adjusted EBITDA saw a rise from $348mln to $581mln.
The total revenue of the whole year accounts for $9.6bln up from $3.6bln in the previous year. The net loss equals to $1bln, while in 2020 net loss equaled $1.8bln. Adjusted EBITDA reached $3bln from 1.1bln of the previous year.
The head of the Caesars Entertainment, Tom Reeg, noted:
“The figures of the last trimester demonstrate the results of our operations in the city of Las Vegas and other regions. Our company exceeds our expectancy for user registrations, market share, as well as deposits”.
Caesars Sportsbook is available in 22 regions. 16 from them provide mobile betting services.