Caesars Entertainment posted a net loss of $ 423.0 million (£ 304.4 million / EUR 352.8 million) in the first quarter of the fiscal year, while the operator also posted a 7.1% decline in net sales for the period.
Revenue for the three months ended March 31 was $ 1.70 billion, compared with $ 1.83 billion for the previous Caesars business for the corresponding period in 2020 before the merger with Eldorado Resorts was completed.
Caesars said revenue from its Las Vegas business was down 39.5% year over year to $ 497.0 million, but revenue from regional operations was up 26.8% to 21.2% in part thanks to the business increased to $ 1.11 billion.
Caesars Interactive Entertainment (CIE) managed international and digital revenue decreased 29.1% from $ 127.0 million to $ 90.0 million, while corporate and non-corporate revenue also decreased by 20%. Decreased 0% to $ 4.0 million.
If you break this down, casino and pari-mutuel operations totaled $ 1.14 billion in the first quarter, with food and beverage income of $ 166.0 million and hotel income of $ 215.0 million And other income was $ 178.0 million.
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