Sector: Consumer Cyclicals | Industry: Casinos & Gaming |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 100 West Liberty Street, 12Th Floor RENO NV 89501 |
Tel: | N/A |
Website: | https://www.caesars.com |
IR: | See website |
Key People | ||
Gary L. Carano Executive Chairman of the Board | Anthony L. Carano President, Chief Operating Officer | Thomas R. Reeg Chief Executive Officer, Director |
Bret Yunker Chief Financial Officer | Edmund L. Quatmann Executive Vice President, Chief Legal Officer and Secretary | Stephanie D. Lepori Chief Administrative and Accounting Officer | Josh Jones Chief Marketing Officer |
Business Overview |
Caesars Entertainment, Inc. is a diversified gaming and hospitality company. The Company operates through four segments: Las Vegas, Regional, Caesars Digital, and Managed and Branded, in addition to Corporate and Other. Its Las Vegas Segment properties include The Cromwell, Flamingo Las Vegas, and The LINQ Hotel & Casino. Its Regional properties include Circus Circus Reno, Grand Victoria Casino, and Horseshoe Baltimore. Its Managed and Branded properties include Harrah's Ak-Chin, Harrah's Cherokee, and Harrah's Cherokee Valley River. Its resorts operate primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names. It offers diversified gaming, entertainment and hospitality amenities, destinations, and a full suite of mobile and online gaming and sports betting experiences. Its business include casino, which includes its retail and online sports betting and iGaming, food and beverage, hotel, casino management services, entertainment, retail, and other business operations. |
Financial Overview |
For the fiscal year ended 31 December 2023, Caesars Entertainment Inc revenues increased 7% to $11.53B. Net income before extraordinary items totaled $786M vs. loss of $513M. Revenues reflect Caesars Digital segment increase of 78% to $973M, Las Vegas segment increase of 4% to $4.47B. Net Income reflects General and administrative decrease of 3% to $2.01B (expense), Amortization of Intangibles decrease of 23% to $144M (expense). |
Employees: | 51,000 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $32,366M as of Dec 31, 2023 |
Annual revenue (TTM): | $11,528M as of Dec 31, 2023 |
EBITDA (TTM): | $3,822M as of Dec 31, 2023 |
Net annual income (TTM): | $786.00M as of Dec 31, 2023 |
Free cash flow (TTM): | $515.00M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $24,043M as of Dec 31, 2023 |
Shares outstanding: | 216,299,768 as of Feb 15, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |