{"id":20989,"date":"2024-05-01T13:47:12","date_gmt":"2024-05-01T13:47:12","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=20989"},"modified":"2024-05-01T13:47:12","modified_gmt":"2024-05-01T13:47:12","slug":"caesars-entertainment-reports-a-significant-drop-in-revenue-through-q1-of-2024","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/caesars-entertainment-reports-a-significant-drop-in-revenue-through-q1-of-2024\/","title":{"rendered":"Caesars Entertainment Reports A Significant Drop In Revenue Through Q1 Of 2024"},"content":{"rendered":"<p><strong>The first quarter of 2024 was a disappointing one for Caesars Entertainment, with revenue dropping to much lower than Wall Street predicted .\u00a0\u00a0<\/strong><\/p>\n<p>Caesars reported $2.7Billion revenue through the first quarter which was down significantly by 1.2% compared to Q1 in 2023. Las Vegas and Regional locations all saw declines in revenue in what was a difficult month all round for the company.<\/p>\n<p>CEO of Caesars, Tom Reeg, has said the operator is still &#8220;optimistic toward improved operating results throughout the balance of the year,\u201d despite the Q1 results.<\/p>\n<p>Caesars reported a total of $158Million net loss in Q1 this year &#8211; down 8.2% from figures in 2023.<\/p>\n<p>Reeg stated that \u201cOperating results during the first quarter in Las Vegas are a combination of record occupancy, driven by the Super Bowl and international visitation for Chinese New Year, offset by lower-than-expected hold.<\/p>\n<p>\u201cIn our Regional segment, results reflect weather related weakness in January and early February partially offset by our new property openings.\u201d<\/p>\n<p>Caesars reported a 4.5% drop in revenue compared to 2023 from Las Vegas, while Regional operations fell by 1.7% to $1.37Billion.<\/p>\n<h4>Caesars Digital Revenue On The Up<\/h4>\n<p>Despite the disappointing results for Caesars revenue through Q1, one sector did enjoy a good start to the year with the Digital department improving by 18.5% in revenue on 2023.<\/p>\n<p>\u201cCaesars Digital delivered strong revenue growth despite lower-than-expected hold in online sports due to unfavourable outcomes for the Super Bowl and March Madness.\u201d<\/p>\n<p>The Kansas City Chiefs won the Super Bowl with Vegas taking a heavy hit despite Kansas City being underdogs. Vegas also took a big hit when market favorites UConn came out victorious following March Madness.<\/p>\n<p><span>Explore the top instant withdrawal casinos at <a href=\"https:\/\/instantcasinos.com\/\">InstantCasinos<\/a> today!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The first quarter of 2024 was a disappointing one for Caesars Entertainment, with revenue dropping to much lower than Wall Street predicted .\u00a0\u00a0 Caesars reported $2.7Billion revenue through the first quarter which was down significantly by 1.2% compared to Q1 in 2023. Las Vegas and Regional locations all saw declines in revenue in what was &hellip; <\/p>\n","protected":false},"author":64,"featured_media":17369,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-20989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Caesars Reports A Significant Drop In Revenue Through Q1 2024<\/title>\n<meta name=\"description\" content=\"The first quarter of 2024 was a disappointing one for Caesars Entertainment, with revenue dropping to much lower than Wall Street predicted .\u00a0\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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