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Caesars publishes Q3 financials as reports say CEO Reeg will head Fertitta's leisure segment. October 28, 2026 Key Points * Q3 revenue rose 2.5% to $2.9 billion, while net loss widened to $123 million * Caesars Digital adjusted EBITDA increased to $44 million, slightly offsetting a broader EBITDA decline * Tom Reeg is reportedly set to oversee Caesars, Golden Nugget, Landry's dining and Fertitta's hospitality operations American casino giant Caesars Entertainment has published its financial results for the third quarter of the year. In addition to that, the company, whose shareholders just greenlit its acquisition by Fertitta Entertainment, is said to be considering Caesars CEO Tom Reeg as the CEO of the combined operation. Caesars reported stronger revenue & wider net loss. Caesars Entertainment's Q3 report outlined net revenues of $2.9 billion, marking an increase of 2.5% from the prior-year period. The company's detailed report showed improvements across the Regional, Caesars Digital, and Corporate and Other segments, slightly offset by decreases in the Las Vegas and Managed and Branded segments. Net loss attributable to Caesars was $123 million, marking an increase from $55 million for the comparable prior-year period. Consolidated adjusted EBITDA for Q3 reached $865 million, marking a decrease from $884 million for the comparable prior-year period. Caesars Digital's adjusted EBITDA, however, increased to $44 million from $28 million in Q3 2025. Caesars Entertainment's year-to-date results painted a similar picture, with the overall net revenue increasing by 2.7% to $8.8 million. This included improvements in the Regional and Caesars Digital segments and declines in the Managed and Branded and Las Vegas segments. As of September 30, Caesars' outstanding debt stood at $11.7 billion. The company also had $864 million in cash and cash equivalents, excluding restricted cash of $113 million. Reports say Tom Reeg will lead the Fertitta leisure division. In the meantime, new reports claim that Caesars Entertainment's CEO, Tom Reeg, will be appointed as the leader of Fertitta Entertainment's gaming portfolio following the latter's acquisition of Caesars. This is effectively a promotion that would recognize Reeg's leadership capabilities, allowing him to direct a strong roster of businesses, which would include the Caesars and Golden Nugget gaming brands. Reeg will reportedly also lead the Landry dining brand and Fertitta's hospitality operations. Vital Vegas, which broke the news, stated that this is a somewhat unusual case of a chief executive officer of an acquired company not only sticking around, but also receiving a promotion. While a conference call might have confirmed or denied this report, Caesars Entertainment decided to forgo its quarterly call due to the pending definitive agreement to be acquired by Fertitta Entertainment. In other news, MGM and Caesars recently said that they prefer to stay out of the prediction markets space over potential gaming license risks.

Caesars Q3 net loss doubles as Fertitta sale nears. Casino News October 28, 2026 Caesars Q3 2026 results show a $123 million net loss, more than double last year, as the Fertitta sale nears. Caesars Entertainment reported its third quarter numbers on Oct. 27, 2026, without an earnings call. Caesars net revenue rose 2.5% to $2.94 billion, according to CasinoBeats. Caesars adjusted EBITDA slipped to $865 million from $884 million. The net loss attributable to Caesars grew from $55 million to $123 million, SBC Americas reported. Why Las Vegas is the weak link. The Las Vegas segment carried most of the pain. Las Vegas revenue fell 2.3% to $930 million. Las Vegas adjusted EBITDA dropped 9.5% to $343 million, per Yogonet. The Regional segment moved the other way. Regional revenue climbed 5.9% to $1.63 billion. Regional adjusted EBITDA rose 3.6% to $524 million. Caesars Digital posted the biggest percentage gain of any Caesars segment. Digital adjusted EBITDA jumped 57.1% to $44 million from $28 million. Digital revenue rose 4.8% to $326 million. Yet Citizens analysts estimate Caesars Digital lost market share in online casino and sports betting. Caesars iGaming share fell from 7.1% to 6.4%, per Citizens estimates cited by SBC Americas. Caesars sports betting handle share slipped from 5.2% to 4.9%. Caesars now ranks fourth in iGaming share behind FanDuel, DraftKings and Rush Street Interactive. Caesars offers online casino in six jurisdictions and stays out of prediction markets, Yogonet reported. The nine month view tells a similar story. Caesars net revenue rose 2.7% to $8.80 billion through Sept. 30, per CasinoBeats. Caesars consolidated adjusted EBITDA fell 1.9% to $2.67 billion over the same nine months. Digital adjusted EBITDA climbed 19.9% to $181 million in that span. The Digital net loss still nearly tripled from $18 million to $53 million, SBC Americas reported. Corporate and Other adjusted EBITDA losses widened to $63 million from $47 million in the quarter. The quarter landed during a pending sale. Fertitta Entertainment agreed in May 2026 to buy Caesars for $31 per share in cash. The Fertitta deal values Caesars at about $17.6 billion including debt. Caesars shareholders approved the merger on Sept. 22, 2026. That is why Caesars skipped its earnings call for a second straight quarter. Tom Reeg, Chief Executive Officer at Caesars Entertainment, defended the private route at G2E on Sept. 29. "We're forced as public companies to think in 90-day increments far more than is healthy," Reeg said. Debt is the next story. Caesars ended September with about $11.7 billion of debt and $864 million in cash. "I think, ultimately, the minute this closes, the deleveraging story starts," said Alex Dixon, Senior Advisor at GMA Consulting. Yogonet published the Dixon comment. The Fertitta deal targets a June 26, 2027 closing date, subject to regulatory approvals. The FTC requested more merger information on Sept. 17, 2026, Yogonet reported. That FTC request extends federal review by at least 30 days. Overlapping markets include Lake Charles, Biloxi, Atlantic City and Lake Tahoe. Reeg said at G2E that "a property or two" could ultimately be divested. Dixon named the Linq, the Flamingo and Caesars Louisiana properties as possible candidates. MGM Resorts reports its Q3 2026 results after the market closes on Oct. 28, 2026. That MGM report will test whether the Las Vegas slump extends beyond Caesars. Read how Fertitta agreed to buy Caesars in a $17.6 billion cash deal. 100K Crown Coins + 2 SC No purchase necessary NO CODE NEEDED

Caesars Q3 loss widens as Digital EBITDA improves. Caesars Q3 loss widens as Digital EBITDA improves vanja mitic october 28, 2026 latest casino and gambling news. Caesars Entertainment reported a wider third-quarter loss for 2026 as group revenue remained broadly unchanged and Las Vegas performance weakened. For the three months ended September 30, the company posted GAAP net revenue of about $2.9 billion, in line with the prior-year period. Net loss attributable to Caesars increased to $123 million from $55 million. Adjusted EBITDA declined to $865 million from $884 million a year earlier. Caesars reported a loss of $0.61 per share on revenue of $2.94 billion. Analyst expectations had called for earnings of $0.08 per share on revenue of $2.96 billion. The results come as Caesars prepares for its $17.6 billion acquisition by Fertitta Entertainment. Shareholders approved the transaction on September 22, with a preliminary closing date of June 26, 2027. Once completed, Caesars is expected to become a wholly owned subsidiary of Fertitta Gaming and delist from Nasdaq. Digital EBITDA improves. Caesars Digital posted the strongest year-on-year EBITDA growth among the company's segments. Adjusted EBITDA rose 57.1% to $44 million from $28 million. The supplied reports differ slightly on Digital revenue, with one placing the figure at $326 million and another at $320 million. Both indicate year-on-year growth of about 4.8%. For the first nine months of 2026, the Digital segment recorded a net loss of $53 million, compared with $18 million during the same period last year. Separate market analysis suggested Caesars lost share in both US online sports betting and iGaming. Its estimated sports betting handle share slipped from 5.2% to 4.9%, while sports GGR share declined from 4.1% to 3.6%. Estimated online casino share fell from 7.1% in Q3 2025 to 6.4%. Las Vegas weakens while regional revenue rises. Revenue from Caesars' nine Las Vegas properties fell 2.3% to $930 million from $952 million. Adjusted EBITDA for the segment dropped 9.5% to $343 million, although its net loss improved from $132 million to $79 million. Regional operations performed better. Revenue increased 5.9% to about $1.6 billion, while adjusted EBITDA rose 3.6% to $524 million. Regional net loss increased to $66 million. Revenue from Caesars-managed and branded properties declined 20.5% to $55 million from $73 million. As of September 30, Caesars had $11.7 billion in aggregate principal debt, down from $11.9 billion a year earlier. Cash and cash equivalents stood at $864 million, excluding $113 million in restricted cash. Caesars shares closed at $28.85, down 0.48%, after 6.2 million shares traded. The stock moved slightly lower in after-hours trading. Fertitta deal shapes next phase. Caesars did not hold a third-quarter earnings call because of the pending acquisition, marking the second consecutive quarter without one. Chief executive Tom Reeg discussed the transaction earlier at the Global Gaming Expo. "What's exciting for me about the combination is we're combining into a restaurant and hospitality business that has over 400 outlets across the country, and you can combine them into a single ecosystem," Reeg said. "That's a big opportunity for us." He also said private ownership could give management more freedom to focus beyond quarterly reporting cycles. "We're forced as public companies to think in 90-day increments far more than is healthy, because that's not how you run a business," Reeg said. Reeg also indicated that selected property sales could follow the transaction. "There are markets that are not particularly material to the whole enterprise, so you shouldn't be surprised if there's a property or two that ultimately gets divested," the CEO replied. Caesars therefore enters its planned transition to private ownership with flat revenue, a larger quarterly loss and stronger Digital EBITDA, while Las Vegas remains the weaker part of the operating picture. Featured casino offer A casino offer for players in your country, from the World Casino Directory listings. 18+ · T&Cs apply · Please gamble responsibly