Caesars reports Q2 EPS (39c), consensus 9c

Reports Q2 revenue $2.91B, consensus $2.86B. Reports same-store Adjusted EBITDA of $955 million versus $996 million for the comparable prior-year period. Tom Reeg, Chief Executive Officer of Caesars (CZR) Entertainment, Inc., commented, “Our Caesars Digital segment posted one of its strongest quarters ever, as momentum continues to build toward the financial goals that we originally laid out in 2021. In Las Vegas, we posted solid gaming results in the face of softer market demand in our hospitality verticals. Net Revenues in our Regional segment increased 4% driven primarily by Caesars Virginia and New Orleans, coupled with strategic reinvestment into our Caesars Rewards database.”