<\/p>\n
Caesars Entertainment felt the summer slowdown on the Strip, reporting a nearly 10 percent drop in Las Vegas revenue for the third quarter amid softer demand and weak table-game results.<\/p>\n
The Reno-based gaming company, which operates eight casinos on Las Vegas Boulevard, generated $952 million in revenue in July, August and September, according to public filings with the U.S. Securities and Exchange Commission. Net income from Las Vegas for the quarter fell to $132 million, down more than 40 percent from $221 million a year earlier.<\/p>\n
\u201cWe told you on the last (quarterly earnings) call that Vegas was going to be a soft summer<\/a>. It was a soft summer,\u201d Tom Reeg, Caesars Entertainment\u2019s chief executive officer, said Tuesday during the company\u2019s third-quarter earnings call. \u201cOur (average daily rate) was down a little over 6 percent, (and) occupancy was down about five percentage points. So, that\u2019s about 90,000 room nights for us.\u201d<\/p>\n Slot handle fell 2 percent, while table game hold percentage dropped sharply, which Reeg said weighed heavily on results.<\/p>\n \u201cHold was down almost 600 basis points in Vegas in the quarter\u2026it impacted us a little over $30 million,\u201d he said.<\/p>\n Even against the summer headwinds, Reeg said Las Vegas business improved throughout the period.<\/p>\n \u201cJuly was the worst month of the quarter. August got better. September got better,\u201d he said.<\/p>\n Year-to-date, revenue from Caesars Entertainment\u2019s Las Vegas operations is down 5.1 percent compared to the same period in 2024. Through the first nine months of 2025, Caesars Entertainment reported $521 million in net income from Las Vegas, down roughly 24 percent from the same period last year.<\/p>\n Caesars Entertainment\u2019s cash room revenue forecast for the fourth quarter is down only slightly compared with last year, a notable improvement from the 11 percent year-over-year decline in the third quarter. The company credited a more favorable group calendar and a strong lineup of events, including BravoCon and the Formula One Las Vegas Grand Prix.<\/p>\n \u201cF1 for us is looking considerably better than it did last year\u2026up from last year, though not as good as year one,\u201d Reeg said.<\/p>\n Group and convention business is the backbone of the company\u2019s optimism heading into 2026. Reeg said group bookings are expected to set an all-time record this year and again next year.<\/p>\n \u201cGroups should be\u2026a record in \u201925 versus \u201924, largely on the strength of the fourth quarter,\u201d he said. \u201cAnd then \u201926 should be a new record for the full year ahead of \u201925, largely on strength in the first quarter of the year.\u201d<\/p>\n While leisure demand has softened, particularly among lower-tier Strip properties, Reeg said premium resorts have held up better.<\/p>\n \u201cAs you go down the customer spectrum, or move out from the center of the Strip, demand for those were soft. Premium has held up better,\u201d he said.<\/p>\n Overall, Reeg said the underlying trend remains positive.<\/p>\n \u201cWhat we told you when we talked to you in the beginning of the quarter was (summer) would be soft, (and) we would expect recovery in the fourth quarter. That is what we are seeing,\u201d he said.<\/p>\n Contact David Danzis at ddanzis@reviewjournal.com<\/a> or 702-383-0378. Follow @AC2Vegas_Danzis<\/a> on X.<\/p>\n<\/p><\/div>\n \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n \u2018 Some details of this article were extracted from the following source www.reviewjournal.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Caesars Entertainment felt the summer slowdown on the Strip, reporting a nearly 10 percent drop in Las Vegas revenue for the third quarter amid softer demand and weak table-game results. The Reno-based gaming company, which operates eight casinos on Las Vegas Boulevard, generated $952 million in revenue in July, August and September, according to public […]<\/p>\n","protected":false},"author":2,"featured_media":2121591,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[],"class_list":["post-2121590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/10\/Caesars-Entertainments-Las-Vegas-casino-revenue-down-10-in-3Q.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2121590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2121590"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2121590\/revisions"}],"predecessor-version":[{"id":2121592,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2121590\/revisions\/2121592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2121591"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2121590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2121590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2121590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}