Caesars reports WSOP earnings contribution and forecasts Las Vegas growth
Caesars Entertainment chief executive Tom Reeg said the World Series of Poker delivered the company’s strongest financial result for the event. Caesars Sports & Online president Eric Hession estimated that the event would generate $20m–$25m in EBITDA for the year, while Reeg forecast Las Vegas growth in Q3 and Q4.
The event’s projected EBITDA and the Las Vegas forecast provide investors with indicators of Caesars’ expected performance.