Caesars Hotels & Casinos benefit from Las Vegas recovery, reduces losses in Q3 with an impressive 86.1% revenue growth

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Total revenue for the three months through to September 30 amounted to $2.69bn, up from $1.44bn in the corresponding period last year.

Financial Summary:

Three month period Revenue (in billions)
September 2020 – September 2021 $2.69
September 2019 – September 2020 $1.44

Caesars saw a rise in revenue due to the relaxation of Covid-19 restrictions on its casinos. This was in contrast to the reduced capacity limits and social distancing measures implemented in the third quarter of the previous year.

Finance Report:

Category Revenue (in millions)
Casino and Part-Mutuel Commissions $1,510
Hotel Revenue $511

Caesars witnessed a substantial increase in food and beverage revenue, soaring by 173.2% to reach $347 million. Similarly, other revenue also experienced significant growth, rising by 134.8% to reach $317 million.

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Landry Jackson is an esteemed writer with a deep passion for gambling and online gaming. With over a decade of experience, Landry has become a trusted voice in the industry, providing insightful and thoroughly researched content on casinos, sports betting, poker, and the latest developments in online gambling. Known for his clear, engaging writing style, Landry excels at breaking down complex topics into accessible and enjoyable reads for audiences of all skill levels. His articles offer in-depth reviews, strategic advice, and the most current industry trends, equipping readers with the knowledge they need to make informed decisions and elevate their gaming experiences.
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