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Caesars Entertainment, Inc. (CZR) Q3 2024 Earnings Call Transcript Summary

Caesars Entertainment, Inc. (CZR) Q3 2024 Earnings Call Transcript Summary

凱撒娛樂公司(CZR)2024年第三季度業績會電話會議摘要
富途資訊 ·  10/30 09:49  · 電話會議

The following is a summary of the Caesars Entertainment, Inc. (CZR) Q3 2024 Earnings Call Transcript:

以下是凱撒娛樂公司(CZR)2024年第三季度業績會成績單摘要:

Financial Performance:

金融業績:

  • Q3 2024 same-store consolidated net revenues were $2.9 billion with adjusted EBITDA of $1 billion.

  • Las Vegas segment saw net revenue of $1 billion, with adjusted EBITDA at $472 million, down 2% year-over-year.

  • Regional segment adjusted EBITDA decreased 13% year-over-year to $498 million.

  • Digital segment net revenues increased by 41% year-over-year to $303 million, driving an all-time quarterly record in adjusted EBITDA of $52 million.

  • 2024年第三季度,同店綜合淨營業收入達29億美元,調整後的EBITDA爲10億美元。

  • 拉斯維加斯業務板塊的淨營業收入達到10億美元,調整後的EBITDA爲47200萬美元,同比下降2%。

  • 區域型業務板塊調整後的EBITDA同比下降13%,至49800萬美元。

  • 數字業務板塊淨營業收入同比增長41%,達到30300萬美元,推動調整後的EBITDA創下歷史最高紀錄,爲5200萬美元。

Business Progress:

業務進展:

  • Caesars celebrated the ribbon-cutting ceremony for the revamped Caesars New Orleans, marking the completion of a $435 million capital project.

  • New openings include a permanent facility in Danville, Virginia, scheduled for December, concluding high CapEx cycles for major projects.

  • Enhancements in the sports betting app contributed to improved structural hold percentages.

  • Sale of the World Series of Poker brand concluded, along with senior unsecured bond issuance applied against future maturity.

  • 凱撒慶祝凱撒新奧爾良重新啓用的剪彩儀式,標誌着一項43500萬美元的資本項目的完成。

  • 弗吉尼亞州丹維爾市的永久設施計劃於12月開業,爲重大項目的高資本支出週期畫上句號。

  • 體育博彩應用程序的改進有助於提高結構持有百分比。

  • 世界撲克大賽品牌的銷售已經完成,同時發行了高級無擔保債券,用於未來到期。

Opportunities:

機會:

  • Strong room demand in Las Vegas and new facilities in Danville and New Orleans provide significant revenue opportunities.

  • Expanding online gaming and sports betting in new jurisdictions and optimizing existing operations.

  • 拉斯維加斯的客房需求強勁,丹維爾和新奧爾良的新設施爲業務帶來重要的營收機會。

  • 在新的司法管轄區擴大在線遊戲和體育博彩,並優化現有運營。

Risks:

風險:

  • Continued competition impacting regional market performance and potential shifts in consumer spending could affect operational stability.

  • 持續的競爭影響區域市場業績,潛在的消費者支出轉變可能影響運營穩定性。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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譯文內容由第三人軟體翻譯。


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