Caesars lost $25M in Vegas in 2024
February 26th, 2025 at 7:18:51 AM
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Caesars reported an adjusted loss of $25 million for its Las Vegas operations for 2024.
A few years ago I wrote an article about how casinos are often surprisingly unprofitable. I'm not planning to update it any time soon, as I think I've made my point, but today Caesars emailed me their results, so I'm sharing.
Discuss.
A few years ago I wrote an article about how casinos are often surprisingly unprofitable. I'm not planning to update it any time soon, as I think I've made my point, but today Caesars emailed me their results, so I'm sharing.
Discuss.
I run Easy Vegas ( https://easy.vegas )
February 26th, 2025 at 7:22:29 AM
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Quote: MichaelBluejayCaesars reported an adjusted loss of $25 million for its Las Vegas operations for 2024.
A few years ago I wrote an article about how casinos are often surprisingly unprofitable. I'm not planning to update it any time soon, as I think I've made my point, but today Caesars emailed me their results, so I'm sharing.
Discuss.
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Hollywood accounting. It's not just for blockbuster films anymore.
The older I get, the better I recall things that never happened
February 26th, 2025 at 10:23:49 AM
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Do those numbers include results from the REIT operations?
May the cards fall in your favor.
July 18th, 2025 at 5:31:03 PM
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Everyone I'm hearing from is saying Vegas is a ghost town in certain areas and certain times, compared to a 'normal' up year. It is theoretically possible there may be some genuine losses by some casinos out there. The rumor was going around Le Fontaine Bleu lost a ton in the past 2 years, mainly due not understanding their core audience and some weird ideas about how to run the casino/staff the casino.
