Caesars Entertainment

Caesars runs casinos, hotels, and online gaming for leisure and business travelers. Its services offer entertainment, lodging, and digital betting for adults seeking recreation or business events. Guests use Caesars for vacations, conferences, or online sports betting from home.

Chips, Beds, and Bets: What Caesars Sells

• Casino Operations (56%): Slot machines, table games, and sports betting for adult gamers in physical and online settings.
• Hotel Accommodations (18%): Rooms and suites for leisure and business travelers; approximately 45,600 rooms and suites as of December 31, 2024.
• Food & Beverage (15%): Restaurants, bars, and lounges serving guests at casino and hotel properties.
• Digital Gaming (approximately 10%): Online sports betting and casino games through Caesars Sportsbook and iGaming apps.
• Managed & Branded (approximately 2%): Management services and brand licensing for third-party properties and events.

Rolling the Dice on Growth

• Acquired William Hill in 2021, expanding digital betting capabilities.
• Opened new properties: Caesars Virginia (Dec 2024) and Harrah’s Columbus Nebraska (May 2024).
• Launched Horseshoe Online Casino app in October 2024, growing digital reach.
• Sold WSOP trademark ($500M) and LINQ Promenade ($275M) in 2024 to fund debt repayment.
• Formed exclusive partnerships with major sports leagues and NYRABets for horse racing.

What Makes Caesars Stand Out

Caesars operates in 18 states, blending physical casinos with digital gaming platforms. Its loyalty program, Caesars Rewards, links customer activity across all channels. The company leverages well-known brands and cross-promotes between hotels, casinos, and online services.

Five Things You Need to Know

• Net revenues were $11.25 billion in 2024, down 2.5% from 2023.
• Casino operations made up 56% of 2024 revenue, hotels 18%, food 15%.
• Las Vegas and regional segments both saw revenue and profit declines in 2024.
• Digital segment revenue rose 19.5% in 2024, with improved profitability.
• Net loss was $211 million in 2024, compared to $828 million profit in 2023.

Bottom Line

Caesars has evolved from a traditional casino operator to a diversified gaming and hospitality business. Its mix of physical and digital offerings, plus a broad loyalty program, supports adaptability in a changing market.