Small boost to Caesar Entertainment’s net revenue

The gaming corporation reported that it had generated $963m for Q1 2017, attributing the growth to improved hotel performance, particularly in the Las Vegas region.

Adjusted EBITDA grew 5% year-over-year to $274m.

Mark Frissora, President and CEO of the company, said: “Caesars Entertainment delivered another quarter of successful execution, highlighted by strong growth in hotel revenues fuelled by a double-digit percentage increase in Las Vegas Cash ADR. These gains reflect the positive impact of our investments in property renovations.

“The conclusion of CEOC’s restructuring is on track for the second half of the third quarter and represents an important milestone that will allow us to expand the range of growth opportunities available to us.”

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Josh Fisher

Journalist

Josh Fisher is an experienced journalist and editorial leader who contributed to Gambling Insider as a guest writer, providing industry-focused news coverage and insight for the publication. His work for Gambling Insider included reporting on marketing strategy and brand development within the online casino sector, such as Mansion’s high-profile TV and marketing campaign for Casino.com.

Joshua has since built a distinguished career in B2B media and currently serves as Editor in Chief at Endeavor Business Media, where he oversees editorial direction, content strategy and publication quality across a diverse portfolio.

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