Mergers & Acquisitions ·
Caesars Entertainment reported second quarter 2026 financial results, posting GAAP net revenues of $3.0 billion, a…
CZRCaesars Entertainment, Inc.
Caesars Entertainment reported second quarter 2026 financial results, posting GAAP net revenues of $3.0 billion, a 3.0% increase from the prior-year period. The company recorded a GAAP net loss of $62 million, an improvement from the $82 million loss in the comparable prior-year quarter. Consolidated Adjusted EBITDA was $920 million, down 3.7% from $955 million in the prior year. As of June 30, 2026, the company held $11.8 billion in aggregate debt and $965 million in cash. The filing notes that Caesars will not host a quarterly conference call due to a pending definitive agreement to be acquired by Fertitta Entertainment, Inc., announced on May 28, 2026. Upon completion, the company will become a private entity and its stock will delist from NASDAQ. Caesars Entertainment operates as the largest casino-entertainment company in the US, offering gaming, hospitality, and digital betting services.