Caesars Reports 2.9% Revenue Increase in Q2 2025 With $82m Net Loss
Caesars Entertainment has reported encouraging figures for the second quarter of 2025, which show a modest revenue growth and a reduction in net losses.
The largest casino entertainment company in the US generated $2.9 billion in net revenue which represented a modest increase of 2.9 per cent year-on-year.
That produced a net loss of $82 million for Q2 2025 but evidenced a sharp turnaround year-on-year for the firm as it represented a 34.9 per cent decrease in losses generated in Q2 2024.
Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortisation) fell 4.1 per cent year-on-year to $955m, which was attributed to declines in its core Las Vegas and Regional casino operations.
Caesars Digital Driving Growth
Caesars Digital, the online gaming and sports betting segment, has continued to be the company’s primary growth driver.
Its operation generated $343 million in revenue in Q2 to produce the largest year-on-year increase, representing a hefty 24.3 per cent rise on Q2 2024.
In Q1 2025 Caesars Digital had posted a 19 per cent increase to $335 million and overall for the first half of 2025, the online operations have earned $678 million, a 21.5 per cent improvement on the first six months of last year.
Tom Reeg, CEO of Caesars, was quick to acknowledge the success of the firm’s online casino and sportsbook operation.
“Our Caesars Digital segment posted one of its strongest quarters ever, as momentum continues to build toward the financial goals that we originally laid out in 2021,” he said .
Mixed Review For Las Vegas And Regional
Las Vegas revenue declined 3.7 per cent to $1.05 billion, while adjusted EBITDA fell 8% to $469m.
The net income from the operation dropped to $212m, a fall of 20.9 per cent.
There was slightly better news for the Regional segment with revenue up 3.6 per cent to $1.44 billion, but Adjusted EBITDA dropped 6.4 per cent to $439 million.
“In Las Vegas, we posted solid gaming results in the face of softer market demand in our hospitality verticals,” Reeg said.
“Net Revenues in our Regional segment increased 4 per cent driven primarily by Caesars Virginia and New Orleans, coupled with strategic reinvestment into our Caesars Rewards database.”
Caesars Bid For A New York Casino
The company is one of eight to have submitted bids for a license to operate a land-based casino in New York.
Award-winning rapper Jay-Z was among representatives for Caesars Palace and SL Green as they presented their $5.4 billion Caesars Palace Times Square casino bid to the Community Advisory Committee (CAC) for one of the three $500 million downstate licenses available.
As part of its proposal, the group has pledged $250 million in community benefits with the ambition of putting a casino in the heart of Manhatta
Jim Munro is a betting industry and gambling expert who has been a national newspaper journalist for over 30 years, predominantly at The Sunday Times and The Sun, where he wrote a weekly soccer betting column. Jim also worked on the launch of Virgin Bet with Gamesys and was subsequently head of editorial at LiveScore, the sports media and betting group.
