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Caesars Entertainment’s Digital Business Delivers A Record $69 Million EBITDA But Is It Enough?

Caesars Entertainment Inc. reported first quarter 2026 results reflecting modest growth and operational improvements across its core businesses, alongside ongoing investments and strategic initiatives. Consolidated net revenues increased 3% year-over-year to $2.9 billion, while adjusted EBITDAR rose slightly by $3 million to $887 million. The company’s diversified portfolio includes three segments: Las Vegas, Regional, and Digital, each demonstrating differing performance dynamics. In Las Vegas, revenues remained flat compared to the prior year quarter, with adjusted EBITDAR decreasing slightly to $426 million from $433 million. Occupancy improved notably to 95.3%, supported by a 1% increase in average daily rate and strong group and convention bookings accounting for 19% of occupied rooms. Leisure business trends showed signs of sequential improvement but remained below prior year levels.