Caesars says expects Vegas to be soft in Q3, over the summer

Says Las Vegas segment posted solid results in the face of softer market demand in our hospitality vertical. Says regional segment was negatively impacted by several one-time items during the quarter. Says booking window in Vegas is about as short as the company has seen it at this point. Says Vegas started leaking as a market in May and that leak accelerated into June. Says expects Q3 to be soft. Says bookings have stabilized in last three weeks. Says the summer is soft in Vegas. Says total parlay mix improved by approximately 280 basis points year over year and saw growth in average legs per parlay and a higher cash out mix versus the prior year as well. Says Digital had a fantastic quarter. Says momentum in digital is extraordinary, both from a volume and an EBITDA perspective. Says handle is growing. Says battened down the hatches in Vegas for a soft summer. Says sees a strong Q4, Q1 and Q2. Says regional remains on track for flat to a little bit of growth this year and growth in FY26. Comments taken from Q2 earnings conference call.