Caesars Reports Strong Digital Growth Despite Challenges in Las Vegas

By John Isaac,
Editor at online-gambling.com

John Isaac Editor at online-gambling.com

John Isaac is an editor with many years of experience in the gambling industry. He writes expert articles on card games like blackjack and poker. In addition, he is also well aware of the US gambling laws and the Indian and Dutch gambling markets. You can rely on verified information and insightful details.

• Twitter
• Email

More About John Isaac

Last updated: August 8, 2025

Caesars Entertainment’s second-quarter results were much like the first one, only more pronounced. The Las Vegas and regional divisions performed about average, while the digital segment continued to break records.

Record-Breaking Quarter for Caesars Digital

Caesars Entertainment CEO Tom Reeg said the Caesars Digital segment had one of its best quarters yet. He noted that the company is steadily moving toward the financial goals it set in 2021. This digital growth was fueled by the smart use of the Caesars Rewards member database, which helped attract and keep customers across its online platforms.

Caesars Digital generated $343 million in revenue for the quarter, up 24.3% from $276 million in Q2 2024. Adjusted EBITDA for the segment doubled year-over-year, highlighting the company’s continued growth in regulated US sports betting and iGaming markets. Overall, Caesars reported total net revenue of $2.9 billion for the quarter, a 2.9% increase compared to $2.8 billion during the same period last year.

Regional revenue increased year-over-year, driven by the addition of two new properties and targeted reinvestment in the Caesars Rewards customer database. Caesars also enhanced the customer experience in Nevada by launching a universal digital wallet and its own player account management system.

Challenges in Las Vegas and Regional Segments

Caesars faced some challenges in its Las Vegas segment, where market demand softened and occupancy dropped to 97%, down from 99% the year before. The Regional segment was also impacted by a few one-time issues, including construction disruptions and a large lawsuit settlement.

Las Vegas gaming struggled compared to the same time last year, with lower table game volume and hold. The summer season is expected to slow, with a similar decline anticipated in the third quarter. International travel, particularly from Canada, was also down, leading to fewer room nights.

Focused Debt Reduction and Strong Liquidity Position

During the quarter, the company remained focused on reducing its debt. CFO Bret Yunker highlighted a refinancing deal completed in July that will help lower its annual borrowing costs.

Yunker explained that Caesars used $225 million from the sale of its WSOP seller note and funds from its revolving credit facility to fully pay off $546 million in 8.125% senior unsecured notes due in 2027. This move will save the company $44 million in annual interest. As of June 30, 2025, Caesars had $12.27 billion in total debt and $11.29 billion in net debt. Cash and cash equivalents rose to $982 million, up from $866 million at the end of 2024.

The company’s total available liquidity reached $3.08 billion, including cash on hand and unused credit under its revolving facilities. This strong financial position supports continued investment in its digital efforts and improvements to its land-based properties.