Despite record breaking revenue numbers for Nevada and Las Vegas, Caesars Entertainment in hemorrhaging cash. While the company was able to generate $2.3 billion in revenue, which is up from $1.8 billion the year before, their net losses somehow increased from $423 in 2021 to $680 million this year. Part of the reason for the counterintuitive results lies in the fact that Caesars operational expenses are up over 45%. Those expenses came to $2.3 billion, which was their exact revenue that the company reported. Additionally, they lost $53 million from their digital segment, which had been profitable to the tune…

An Indianapolis Colts betting deal with Caesars Entertainment and William Hill marks a new way for football fans to engage in sports betting this season in Indiana. The agreement means that Caesars Rewards will sponsor a free-to-play “Pick 6 Predictor” game on the Colts Mobile App. The Pick 6 Predictor generates a series of questions and fans predict the outcome prior to games. Correct picks are rewarded with weekly prizes. Once the game receives approval from regulators, the “Caesars Sports Book by William Hill” app will integrate it into the Colt’s media and marketing efforts, bringing exclusive offers and promos…

Don’t look now, but one Las Vegas operator has made a change: Caesars is charging for parking again. While Nevada residents and hotel guests will not be charged, other guests will have to pay for self-parking. These fees will be collected at Caesars Palace, Paris Las Vegas, Bally’s Las Vegas, Flamingo Las Vegas, The LINQ Hotel + Experience and Harrah’s Las Vegas. Caesars officials say this change is intended to improve the overall guest experience. Fees will start to be collected on October 30th, and you can read more about why Caesars is charging for parking at their resorts at…

More interesting headlines today, as Caesars sells Bally’s brand name to the Twin River Holdings in Rhode Island for $20 million. The move comes after Twin River bought three properties, including Bally’s Atlantic City, from Caesars and Eldorado Resorts as the two giant companies were offloading properties in hopes of having its merger approved by regulators. After the Caesars-Eldorado merger there were rumors that the new company would sell one of their Las Vegas Strip properties. Bally’s Las Vegas is still listed as a Caesars Entertainment property, but that could change in the near future. The sale of the brand…

Less than a week after Caesars Entertainment purchased the British bookmaker for $3.7 billion, talk has already started that they will breakup William Hill and sell off pieces of the company. Caesars seems clearly set to focus on the American assets of William Hill, saying that they will “seek suitable partners or owners” for the UK portions of the company. They estimate the U.S. sports and online betting market to be worth somewhere near $35 billion. Analysts estimated William Hill’s non-U.S. assets could fetch Caesars between $2 billion and $4.5 billion. The company could put that money toward repaying its…

It’s been a crazy month for sports betting in America. Caesars Entertainment was brokering deals after being purchased by Eldorado Resorts. The biggest being their acquisition of William Hill. Their CEO, Tom Reeg, recently spoke to CNBC about the legalization of sports betting in this country, and how it’s one of the biggest growth opportunities for gaming in twenty years. “This is an enormous opportunity. I’d liken it to when states outside of Nevada and New Jersey started to legalize riverboat casinos in the ’90s,” Reeg said. “We think there’s a lot of money to be made here over time,…