Caesars Posts $1.2 Billion Loss in 2019

This story was published more than 1 year ago.

This week Caesars Entertainment Corporation posted their 2019 financial results, noting a rise in revenues but posting a net loss of $1.2 billion for the period.

Key financial indicators for the year ending December 31st, 2019 were:

  • Net loss of $1.2 billion
  • Net revenue of $8.74 billion up 4.2%
  • Las Vegas revenues up 4.4% to $3.02 billion
  • Other US revenues up 4.4% to $4.23 billion
  • Other revenues up 1.2% to $598 million

The company said that the revenues were up after the company's purchase by Centaur Holdings, and that strong performance in Sin City aided things. There was lower gaming volume at Atlantic City locations, due largely to poor weather and high competition.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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bgsharpe
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29 February 2020 - 1:18pm
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How about that number for a loss a..obviously they've made quite an investments during the past year and despite the scaring number there it would surely bring the brand a long term gain.