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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

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