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Caesars Entertainment, Inc. Reports First Quarter 2021 Results

LAS VEGAS and RENO, Nev., May 4, 2021 /PRNewswire/ — Caesars Entertainment, Inc., (NASDAQ: CZR) (“Caesars,” “CZR,” “CEI” or “the Company”) today reported operating results for the first quarter ended March 31, 2021.

First Quarter 2021 and Recent Highlights:

  • Net revenues of $1.7 billion, an increase of 259.2% on a GAAP basis and a decrease of 16.0% on a same-store basis versus the comparable prior-year period.
  • Net loss of $423 million compared to a net loss of $176 million for the comparable prior-year period.
  • Same-store Adjusted EBITDA of $548 million versus $410 million for the comparable prior-year period.
  • Closed the William Hill PLC acquisition on April 22, 2021.
  • Expanded NFL relationship, becoming one of three official sports betting partners while extending Caesars exclusive casino and iGaming rights.

Tom Reeg, Chief Executive Officer of Caesars Entertainment, Inc., commented, “Our

Article source: http://feedproxy.google.com/~r/Entertainmentnutz/~3/ievSyhATZeQ/

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