Ok_老虎社区_美港股上老虎

lin2993
2021-11-03

Caesars CEO Talks Up Sports Betting After Profit Falls Short

(Bloomberg) -- Caesars Entertainment Inc. would have been more profitable last quarter if not for th

Caesars CEO Talks Up Sports Betting After Profit Falls Short

免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。

推荐
最新

暂无评论

热议股票

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"magic":2,"id":841288353,"tweetId":"841288353","gmtCreate":1635914943014,"gmtModify":1635914943150,"author":{"id":3582016232312277,"idStr":"3582016232312277","authorId":3582016232312277,"authorIdStr":"3582016232312277","name":"lin2993","avatar":"https://static.tigerbbs.com/440bbfcba36c9b9dbee0fd014341c65e","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":14,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Ok</p></body></html>","htmlText":"<html><head></head><body><p>Ok</p></body></html>","text":"Ok","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/841288353","repostId":1112586917,"repostType":4,"repost":{"id":"1112586917","kind":"news","pubTimestamp":1635909874,"share":"https://www.laohu8.com/m/news/1112586917?lang=&edition=full","pubTime":"2021-11-03 11:24","market":"us","language":"en","title":"Caesars CEO Talks Up Sports Betting After Profit Falls Short","url":"https://stock-news.laohu8.com/highlight/detail?id=1112586917","media":"Bloomberg","summary":"(Bloomberg) -- Caesars Entertainment Inc. would have been more profitable last quarter if not for th","content":"<p>(Bloomberg) -- Caesars Entertainment Inc. would have been more profitable last quarter if not for the fallout from Hurricane Ida on the U.S. Gulf Coast and a fire in Northern California, Chief Executive Officer Tom Reeg said Tuesday.</p>\n<p>Absent those interruptions, the largest owner of casinos in the U.S. would have generated $1.1 billion in third-quarter earnings before interest, taxes, depreciation and amortization from its resorts, Reeg said on a conference call Tuesday. In May, he said the company would likely earn $1 billion in Ebitda at least one quarter this year.</p>\n<p>Instead, Caesars reported a surprise net loss for the quarter of $233 million, or $1.10 a share. Revenue soared to $2.69 billion from $1.44 billion a year ago, when casinos were in the teeth of the pandemic.</p>\n<p>Adjusted earnings before interest, taxes, depreciation and amortization more than doubled to $882 million, but that missed the $931 million average of analysts’ estimates compiled by Bloomberg. The earnings represent a record for the company’s Las Vegas properties, Caesars said in a statement.</p>\n<p>Shares of Caesars were down 2.2% to $109.25 in extended trading. The stock was up 50% this year through Tuesday’s close in New York.</p>\n<p>Online betting has been a big growth initiative for the casino industry, including Caesars.</p>\n<p>The company completed the acquisition of sports betting giant William Hill Plc in April. Results for its online business were impacted by increased promotional activity, executives said on the call. While the company will continue to invest in the business, Reeg forecast profitability in sports betting by football season 2023.</p>\n<p>“We’re gaining share at a pace stronger than we expected given the investment that we’ve made,” he said.</p>\n<p>Caesars’ CEO also reiterated plans to sell a casino on the Las Vegas Strip early next year to reduce debt.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Caesars CEO Talks Up Sports Betting After Profit Falls Short</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCaesars CEO Talks Up Sports Betting After Profit Falls Short\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-03 11:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/caesars-shares-tumble-quarterly-earnings-204024866.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Caesars Entertainment Inc. would have been more profitable last quarter if not for the fallout from Hurricane Ida on the U.S. Gulf Coast and a fire in Northern California, Chief ...</p>\n\n<a href=\"https://finance.yahoo.com/news/caesars-shares-tumble-quarterly-earnings-204024866.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CZR":"凯撒娱乐"},"source_url":"https://finance.yahoo.com/news/caesars-shares-tumble-quarterly-earnings-204024866.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112586917","content_text":"(Bloomberg) -- Caesars Entertainment Inc. would have been more profitable last quarter if not for the fallout from Hurricane Ida on the U.S. Gulf Coast and a fire in Northern California, Chief Executive Officer Tom Reeg said Tuesday.\nAbsent those interruptions, the largest owner of casinos in the U.S. would have generated $1.1 billion in third-quarter earnings before interest, taxes, depreciation and amortization from its resorts, Reeg said on a conference call Tuesday. In May, he said the company would likely earn $1 billion in Ebitda at least one quarter this year.\nInstead, Caesars reported a surprise net loss for the quarter of $233 million, or $1.10 a share. Revenue soared to $2.69 billion from $1.44 billion a year ago, when casinos were in the teeth of the pandemic.\nAdjusted earnings before interest, taxes, depreciation and amortization more than doubled to $882 million, but that missed the $931 million average of analysts’ estimates compiled by Bloomberg. The earnings represent a record for the company’s Las Vegas properties, Caesars said in a statement.\nShares of Caesars were down 2.2% to $109.25 in extended trading. The stock was up 50% this year through Tuesday’s close in New York.\nOnline betting has been a big growth initiative for the casino industry, including Caesars.\nThe company completed the acquisition of sports betting giant William Hill Plc in April. Results for its online business were impacted by increased promotional activity, executives said on the call. While the company will continue to invest in the business, Reeg forecast profitability in sports betting by football season 2023.\n“We’re gaining share at a pace stronger than we expected given the investment that we’ve made,” he said.\nCaesars’ CEO also reiterated plans to sell a casino on the Las Vegas Strip early next year to reduce debt.","news_type":1},"isVote":1,"tweetType":1,"viewCount":685,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":2,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Caesars CEO Talks Up Sports Betting After Profit Falls Short

评论（2）

热议股票