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08/05/2019

Caesars reports strong 2nd quarter in Las Vegas

Caesars properties in Las Vegas recorded a good second quarter, according to an earnings breakdown released today.

The company reported a 6.3% year-over-year increase in hotel revenue in Las Vegas for the three-month period that ended June 30, along with a 6.2% jump in revenue per available room.

In a statement, Caesars CEO Tony Rodio said strong Las Vegas hotel, food and beverage numbers for the quarter were largely the result of increased leisure and group demand.

“Our Las Vegas performance produced an all-time quarterly record for hotel cash revenue and occupancy for the second consecutive quarter,” Rodio said.

https://vegasinc.lasvegassun.com/business/gaming/2019/aug/05/caesars-reports-strong-2nd-quarter-in-las-vegas/

Lux Advisors Sales | Property Management
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