Caesars Entertainment has released its operating figures for Q1 2023, revealing a growth in revenue despite bad weather in Nevada.
Against the Q1 2022 figures, GAAP net revenues were up at $2.8bn from $2.3bn and GAAP net loss was down to $136m from $680m.
The company ended the quarter with $13.2bn in aggregate principal amount of debt outstanding. Total cash and cash equivalents were $965m, excluding restricted cash of $258m.
“We delivered another strong quarter led by a new Q1 adjusted EBITDA record in Las Vegas,” said Tom Reeg, CEO of Caesars.
“Results in our regional segment remained consistent with prior quarters, especially when excluding the impact of bad weather in northern Nevada during the quarter.
“Our digital segment was nearly break even in the quarter despite launching operations in Ohio and Massachusetts.”
