Financial Performance - For the three months ended June 30, 2024, total net revenues were $2.83 billion, a decrease of 1.7% from $2.88 billion in the same period of 2023[156]. - Net income for Q2 2024 was a loss of $102 million, compared to a net income of $928 million in Q2 2023, reflecting a net income margin of -3.6%[156]. - Adjusted EBITDA for Q2 2024 was $1,000 million, a slight decrease of 0.7% from $1,007 million in Q2 2023[192]. - The company recorded a loss on early extinguishment of debt of $3 million for Q2 2024, with total losses of $51 million and $197 million for the six months ended June 30, 2024 and 2023, respectively[155]. - Operating cash inflows for the six months ended June 30, 2024, were $534 million, down from $953 million in the same period of 2023[196]. Segment Performance - Caesars Digital segment reported net revenues of $276 million for Q2 2024, up 28% from $216 million in Q2 2023[156]. - Adjusted EBITDA for the Las Vegas segment for the six months ended June 30, 2024, decreased by $91 million, or 8.7%, to $954 million compared to the same period in 2023[173]. - Casino revenues in the Las Vegas segment for the six months ended June 30, 2024, decreased by $87 million, or 14.0%, to $535 million compared to the same period in 2023[173]. - The Las Vegas segment's net revenues for the six months ended June 30, 2024, decreased by $130 million, or 5.8%, to $2,129 million compared to the same period in 2023[173]. - Caesars Digital reported strong revenue growth driven by improved sports betting hold and increases in both iGaming handle and iGaming hold[158]. Impairment and Charges - The company recognized impairment charges totaling $118 million for the three and six months ended June 30, 2024, due to decreased projected future cash flows at certain properties[155]. - The company recorded impairment charges of $118 million in June 2024 due to decreased projected future cash flows at certain properties[163]. - Regional segment net revenues declined due to inclement weather and increased competition, with impairments totaling $118 million recorded during the six months ended June 30, 2024[178][179]. Debt and Financing - The company refinanced $4.4 billion of debt during the six months ended June 30, 2024, including a new $425 million delayed draw term loan[155]. - As of June 30, 2024, long-term variable-rate borrowings totaled $6.1 billion, representing approximately 49% of consolidated long-term debt[223]. - The CEI Term Loan B-1 was incurred in February 2024 for $2.9 billion, maturing on February 6, 2031[197]. - Estimated debt service for the remainder of 2024 is approximately $510 million[208]. - The weighted average interest rates on variable and fixed rate debt were 8.00% and 6.70%, respectively, as of June 30, 2024[223]. Capital Expenditures and Investments - Capital expenditures for the six months ended June 30, 2024, totaled $593 million, compared to $573 million in the same period of 2023[207]. - The company plans to invest approximately $800 million in capital expenditures for the remainder of 2024, excluding expenditures related to Caesars Virginia[207]. - The permanent facility of Caesars Virginia is expected to open in December 2024, with a budget of $650 million[204]. - Caesars Virginia, LLC secured a new five-year $425 million pro rata bank financing to fund remaining capital expenditures for the casino resort facility expected to open in December 2024[209]. Operational Metrics - Hotel occupancy in the Las Vegas segment improved to 98.7% for the three months ended June 30, 2024, compared to 97.6% in the same period in 2023[173]. - The company operates retail and online sports wagering across 32 jurisdictions in North America, with 26 offering online sports betting[144]. - The Caesars Racebook app was launched in 21 states as of June 30, 2024, providing access for pari-mutuel wagering at over 300 racetracks[144]. - Slot win percentage in the Las Vegas segment was within the typical range for the three and six months ended June 30, 2024[175]. Shareholder and Compliance - As of June 30, 2024, the company has repurchased 223,823 shares of common stock at an aggregate value of $9 million, averaging $40.80 per share[216]. - The company expects current liquidity and cash flows from operations to be sufficient to fund operations and capital requirements for the next twelve months[210]. - Compliance with all applicable financial covenants was maintained as of June 30, 2024[213]. - The company has not utilized any off-balance sheet arrangements as of the reporting date[221]. - There have been no material changes in critical accounting policies since December 31, 2023[220].

Exhibit 99.1 Caesars Entertainment, Inc. Reports Second Quarter 2024 Results LAS VEGAS and RENO, Nev. (July 30, 2024) – Caesars Entertainment, Inc., (NASDAQ: CZR) ("Caesars," "CZR," "CEI" or "the Company") today reported operating results for the second quarter ended June 30, 2024. Second Quarter 2024 and Recent Highlights: Tom Reeg, Chief Executive Officer of Caesars Entertainment, Inc., commented, "On a consolidated basis, the Company generated $1 billion of Adjusted EBITDA. Our operating results reflect ...

Caesars Entertainment, Inc. (CZR) is scheduled to report second-quarter 2024 results on Jul 30, after the closing bell. In the last reported quarter, the company reported a negative earnings surprise of 1,733.3%. Also, inflationary pressure, primarily in food and beverage and hotel expenses, further strains CZR's profitability. Furthermore, the bottom line is likely to have affected increased property openings and ongoing investments in new projects. For revenues, the consensus mark is pegged at $2.86 billi ...

Caesars Entertainment (CZR) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on July 30, 2024, might help the stock move higher if these key numbers are better th ...

Caesars Entertainment, Inc. (CZR) has announced a significant expansion of its mobile sports betting platform, Caesars Sportsbook, in Washington, D.C. This move comes just in three years after the company made history by opening the first sportsbook in a U.S. professional sports venue at Capital One Arena. The expansion allows sports fans aged 21 and older to access the Caesars Sportsbook app on iOS, Android or desktop district-wide, with exceptions for federal lands and areas surrounding other professional ...

However, with the legalization of online sports betting in certain locales, the game has changed. Various bans put forward by the U.S. Supreme Court have been lifted in some states, with the number now allowing online gaming growing. Although the legalization of sports betting has swarmed in almost all states in the U.S., the sector is continuously expanding. Middlemen are now actively looking for new betters and have continued to broaden their betting strategies. This presents the best time to invest in sp ...

Caesars Entertainment, Inc. (CZR) has successfully finalized the acquisition of WynnBET's Michigan iGaming operations. This strategic move aligns with Caesars' ongoing expansion efforts and enhances its presence in the rapidly growing iGaming sector. Looking ahead, Caesars plans to announce a new online casino brand and transition WynnBET's operations to its Michigan iGaming Platform in the latter half of 2024. This transition is contingent upon regulatory approvals, showcasing Caesars' proactive approach t ...

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It has been about a month since the last earnings report for Caesars Entertainment (CZR) . Shares have lost about 11.6% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Caesars Entertainment due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Caesars Entertainment Q1 ...

Caesars Entertainment, Inc. (CZR) will likely benefit from improving occupancy, strategic partnerships and increased sports betting volumes. Also, the focus on property development and digitalization bodes well. However, increased expenses and competitive pressure are headwinds. Also, weather-related woes in the Regional segment are other concerns. Let us discuss the factors that highlight why investors should retain the stock for now. Factors Likely to Drive Growth Concerns Shares of the Zacks Rank #3 (Hol ...