Financial Times<\/em> noted how the Reno-based operator is led by CEO Tom Reeg who was a one-time junk bond trader.<\/p>\nCaesars operates more than 50 casinos across North America using the Caesars, Harrah\u2019s, Horseshoe, and El Dorado brands.<\/p>\n
Private equity groups Apollo and TPG bought the company, then known as Harrah\u2019s, in 2008 for $30 billion just as the global financial crisis was beginning, the story noted. In 2015, Caesars filed for bankruptcy.<\/p>\n
As part of the restructuring, Caesars properties were spun off to Vici with the operator leasing them back.<\/p>\n
\u201cA surge in interest in gaming stocks during the Covid-19 pandemic, as gamblers were spending heavily online while stuck at home, boosted Caesars\u2019 market value to roughly $24 billion, but it has since fallen more than 80% from its highs,\u201d the story said.<\/p>\n
In its fourth quarter earnings report earlier this month, Caesars reported gains in net revenue and adjusted earnings led by a strong showing in its digital segment.<\/p>\n
In the fourth quarter, Caesars reported net revenues of $2.9 billion versus $2.8 billion for the comparable prior-year period. Las Vegas revenue fell 3.4% from $1.08 billion to $1.04 billion. Regional revenue rose 4% from $1.34 billion to $1.39 billion.<\/p>\n
Same-store adjusted EBITDA was $901 million versus $882 million for the comparable prior-year period. It fell 6.5% in Las Vegas and 1.5% at regional properties.<\/p>\n
The CEO of Caesars Entertainment said Tuesday there\u2019s \u201cno crisis\u201d on the Las Vegas Strip, which he claims is holding up \u201cquite well,\u201d and that the fourth quarter improvement \u2013 a top-four result in the company\u2019s history \u2013 is continuing into the first quarter, auguring well for 2026.<\/p>\n
Reeg told Wall Street analysts during the earnings call that Caesars is coming off a soft summer in Las Vegas because of a decline in leisure travel. It remains soft but is not as pronounced as it was over the summer.<\/p>\n
Group business helped fill in the fourth quarter, and Reeg expects that to offset leisure travel in the first quarter. Group business picks up even more in the second quarter, and he said he feels good about the rest of the year. The one unknown is how leisure travel will be during the summer, considering that was the issue in 2025.<\/p>\n
What\u2019s happening in Las Vegas with a 7.5% decline in visitation in 2025 is a \u201cnormal economic cycle activity in leisure,\u201d Reeg said. Drive-in traffic from California was down in 2025 as people stayed closer to home, and visitation from Canada was down.<\/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 cdcgaming.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"The Financial Times reported Thursday that Caesars Entertainment is weighing takeover offers, and cited a potential bid from Texas billionaire Tilman Fertitta, who currently is serving as U.S. ambassador to Italy. The publication said the news sets the stage \u201cfor a potential buyout of one of the jewels of the Las Vegas Strip.\u201d The Financial […]<\/p>\n","protected":false},"author":2,"featured_media":2174812,"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":[358145,446023,355198],"class_list":["post-2302159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-caesars","tag-fertitta-entertainment","tag-mergers-acquisitions"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/11\/Ballys-chair-Soo-Kim-on-the-approval-for-Star-Entertainment.gif","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2302159","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=2302159"}],"version-history":[{"count":1,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2302159\/revisions"}],"predecessor-version":[{"id":2302160,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2302159\/revisions\/2302160"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2174812"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2302159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2302159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2302159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}