TLDR Caesars Entertainment posted Q2 2026 revenue of $2.99 billion, up 3% from last year, but adjusted EBITDA fell to $920 million. The company skipped its usual earnings call because of its pending $17.6 billion acquisition by Tilman Fertitta. Las Vegas revenue dropped 3.5% while regional casinos grew 9.4%, helped by the recent Caesars Windsor acquisition. Caesars Digital revenue increased, but profit fell as marketing and customer acquisition costs rose. The Fertitta acquisition has cleared early regulatory hurdles and could close in late 2026 or early 2027.
Caesars Entertainment filed its final quarterly report as a public company this week. The report came without a conference call and without any executives taking questions from analysts.
The company skipped the call because of its pending $17.6 billion sale to Tilman Fertitta’s Fertitta Entertainment. The last time management answered questions was back in April.
Revenue for the second quarter came in at $2.99 billion. That is up 3% from the same quarter last year and slightly ahead of Wall Street expectations.
The net loss narrowed to $62 million, an improvement from a $82 million loss a year earlier. Adjusted EBITDA, a measure of core profit, fell 3.7% to $920 million, missing analyst forecasts.
Part of the reason Caesars keeps losing money on paper comes down to debt. The company paid $573 million in interest expense during the quarter, which outweighed its operating income of $513 million.
Total debt stood at $11.8 billion, with $965 million in cash on hand.
Las Vegas Slows While Regional Casinos Grow
Las Vegas had a weak quarter. Revenue fell 3.5% to $1.01 billion, and profit in that segment dropped 12.6%.
Table games hold, which measures the share of bets the casino keeps, was the lowest since late 2022. Hotel occupancy also slipped, and fewer