Caesars Entertainment Reports $2.87 Billion Revenue with Strategic Acquisition of Caesars Windsor

Caesars Entertainment, Inc. reported a net revenue of $2.87 billion for the first quarter of 2026, marking a 2.7% increase from $2.79 billion in the same period last year. The growth was primarily driven by a 4.5% rise in casino revenues, which reached $1.67 billion, up from $1.59 billion. The company also saw increases in food and beverage revenues, which totaled $424 million, and hotel revenues, which reached $487 million. However, the overall profitability was impacted by a net loss attributable to Caesars of $98 million, an improvement from a loss of $115 million in the prior year, resulting in a basic and diluted loss per share of $0.48.

Operating expenses for the quarter increased to $2.37 billion from $2.31 billion, reflecting higher costs associated with casino operations, which rose to $902 million from $861 million. General and administrative expenses also saw a rise, totaling $504 million compared to $483 million in the previous year. The increase in expenses was attributed to higher labor costs and gaming taxes, particularly in states where tax rates on sports betting and iGaming increased. Despite these challenges, the company reported an Adjusted EBITDA of $887 million, slightly up from $884 million in the same quarter of 2025.

A significant strategic development for Caesars was the acquisition of Caesars Windsor, which the company began operating on March 3, 2026, under a 20-year agreement with the Ontario Lottery and Gaming Corporation. This acquisition included approximately $42 million in furniture and equipment and is expected to enhance the company's regional segment revenues. The consolidation of Caesars Windsor contributed to the overall revenue growth in the Regional segment, which reported net revenues of $1.43 billion, up from $1.39 billion.

In terms of operational metrics, Caesars reported a total of 53 properties across 19 jurisdictions in North America, with approximately 52,600 slot machines and 46,300 hotel rooms. The company continues to expand its digital footprint, operating retail and online sports betting across 34 jurisdictions, with 27 offering online sports betting. The Caesars Digital segment saw a notable increase in net revenues to $374 million, up from $335 million, driven by a 19.7% increase in iGaming handle.

Looking ahead, Caesars Entertainment anticipates continued growth in its digital segment as more jurisdictions legalize online gaming and sports betting. The company plans to invest in its digital platforms and expand its market presence. Despite the challenges posed by rising operational costs and competitive pressures, Caesars remains optimistic about its ability to generate cash flow and meet its financial obligations, including servicing its debt and funding capital expenditures.