CAESARS NFL WIN TOTALS 2022 FULL
CAESARS NFL WIN TOTALS 2022 FREE

CAESARS NFL WIN TOTALS 2022 FULL

Management has historically used Adjusted EBITDA when evaluating operating performance because we believe that the inclusion or exclusion of certain recurring and non-recurring items is necessary to provide a full understanding of our core operating results and as a means to evaluate period-to-period results. Reconciliation of GAAP Measures to Non-GAAP MeasuresĪdjusted EBITDA (described below), a non-GAAP financial measure, has been presented as a supplemental disclosure because it is a widely used measure of performance and basis for valuation of companies in our industry and we believe that this non-GAAP supplemental information will be helpful in understanding our ongoing operating results.

CAESARS NFL WIN TOTALS 2022 FREE

using ample free cash flow,' said Bret Yunker, Chief Financial Officer. We continue to invest in our brick & mortar and digital platforms across the U.S. 'We successfully closed the William Hill non-US sale on July 1 st and have applied $730 million in net proceeds to debt reduction as of July 22 nd. Revolver capacity includes $1,145 million under our CEI Revolving Credit Facility, asĪmended, maturing in July 2025, $1,025 million under our CRC Revolving Creditįacility, maturing in December 2022 and $10 million under our Baltimore RevolvingĬredit Facility, as amended, maturing in July 2023. Total cash and cash equivalents were $997 million, excluding restricted cash of $355 million. The most comparable financial measure calculated in accordance with GAAP.Īs of June 30, 2022, Caesars had $14.2 billion in aggregate principal amount of debt outstanding. See 'Reconciliation of GAAP Measures to Non-GAAP Measures' belowįor a definition of Adjusted EBITDA and a quantitative reconciliation of Adjusted EBITDA to net income (loss), which the Company believes is Widely used measure of operating performance in the gaming industry. To enable the comparison of current results with results of prior periods.Īdjusted EBITDA is not a GAAP measurement and is presented solely as a supplemental disclosure because the Company believes it is a The additional financial information is included Statements and have not been reviewed by the Company's auditors for the periods presented.

Such figures are based on unaudited internal financial Louisiana Downs and Caesars UK group prior to divestiture, for the relevant periods. Of results of operations for MontBleu, Evansville, Belle of Baton Rouge and discontinued operations of Caesars Southern Indiana, Harrah's Operations for Horseshoe Baltimore for periods prior to the consolidation resulting from the Company's increase in its ownership interest onĪugand William Hill prior to its acquisition on April 22, 2021, for the three and six months ended Jand (ii) subtraction Second Quarter 2022 Financial Results Summary and Segment InformationĪfter considering the effects of our recent acquisitions and planned or completed divestitures, the following tables present adjustments to net revenues, net income (loss) and adjusted EBITDA as reported, in order to reflect a same-store basis:Īdjustment for pre-consolidation, pre-acquisition, and pre-disposition results of operations on a net basis reflecting (i) addition of results of Operating results in our digital segment improved dramatically versus the first quarter and we are optimistic regarding trends in this segment for the balance of the year.'

Tom Reeg, Chief Executive Officer of Caesars Entertainment, Inc., commented, 'Our second quarter results reflect a consolidated EBITDA record for our brick and mortar properties led by an all-time quarterly EBITDA record in Las Vegas and continued strength in our regional markets when compared to 2019.

As of July 2022 the company has repaid approximately $770 million of outstanding debt on a year-to-date basis, including a $630 million repayment of the Caesars Resort Collection Term B-1 Loan and $100 million of open market repurchases of our outstanding notes.

Caesars Digital same-store Adjusted EBITDA of $(69) million versus $2 million for the comparable prior-year period.

Same-store Adjusted EBITDA, excluding our Caesars Digital segment, of $1.05 billion versus $1.01 billion for the comparable prior-year period.

Same-store Adjusted EBITDA of $978 million versus $1.0 billion for the comparable prior-year period.

GAAP net loss of $123 million compared to net income of $71 million for the comparable prior-year period.

GAAP net revenues of $2.8 billion versus $2.5 billion for the comparable prior-year period.

Second Quarter 2022 and Recent Highlights:

Caesars nfl win totals 2022