Caesars has opened early sign-ups for its online sportsbook in Missouri, getting a head start before the state launches legal sports betting on December 1.
Once the market...
Caesars reports $1.05 billion in Q2 Las Vegas revenue
Caesars Entertainment Las Vegas reported Q2 revenue of $1.05 billion, lower 3.7% year-over-year. Executives mark a slowdown in visitation and gaming activity.
Net income of Caesars’ Las Vegas segment dropped nearly 21% to $212 million. The company expects a recovery in group bookings later in 2025 and into 2026. Its online and regional businesses posted gains.
CEO Tom Reeg said during an earnings call:
“Vegas started leaking as a market (at the) end of May. That leak accelerated into June. I expect the third quarter to be soft.”
Reeg credited part of the softness to the lack of high-profile entertainment acts like Adele and Garth Brooks, who increased demand in the same period last year. He added that the decline reflects a return to “normal seasonality” and that forward bookings for Q4 and early 2026 look strong.
Reeg further said:
“It’s like your tire had a leak, and you patched it at this point. The fourth quarter, first quarter, and second quarter, we’re projecting a record group year in Vegas for 2025, and 2026 should be another one.”
Las Vegas EBITDA is at $469 million, with occupancy at 97%, down from 99% a year earlier.
President and COO Anthony Carano called the company’s Q2 performance in Las Vegas “solid results in the face of softer demand in our hospitality vertical,” and said the group booking calendar for late 2025 and early 2026 remains “encouraging.”
Meanwhile, Caesars Digital had a net revenue rise of 24% year-over-year to $343 million. Revised earnings reached a record $80 million, doubling the figure from the previous year. Sports betting and iCasino revenues climbed 28% and 51%.
Caesars Entertainment will pay a $7.8 million fine and follow a series of new compliance rules after Nevada regulators said the company failed to properly follow anti-money...
