Caesars Revenues Struggle in Third Quarter

American betting group Caesars Entertainment has posted their third-quarter financial results, noting that the company posted a Net Loss of $926 million during the quarter.

Key financial indicators for the quarter ending September 30th, 2020 were:

  • Revenues of $1.38 billion
  • Las Vegas properties accounted for $391 million, down 54.9% from last year
  • Regional casino revenues outside of Vegas came in at $1.35 billion, down 19.7% from last year
  • Caesars Interactive, international operations, and managed services came in at $92 million, down 34.8%

The company also shared that things will be looking up, as the company has submitted a $3.72 billion offer to purchase William Hill. That proposal will go in front of Hill’s shareholders for a vote in just under two weeks.

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