US – Caesars’ Nevada casinos down by 58 per cent in first week of reopeningBy Phil - 19 June 2020
Revenues were down by around 58 per cent in the first week of reopening for the five Nevada casinos Caesars Entertainment has reopened.
Caesars had reopened Caesars Palace, Flamingo Las Vegas, Linq Promenade, and Harrah’s Lake Tahoe on June 4 and Harrah’s Las Vegas, on June 5.
Operating income at these properties dropped by 110 per cent to 120 per cent between June 4 and June 10 compared to the results from those some properties a year ago.
The initial figures were slightly better at Caesars’ six regional casinos in four states that reopened starting May 18 which were either the same of two per cent better than figures from last year. Adjusted cash flow was off between 70 per cent and 80 per cent.
Caesars reopened gaming floors at Harrah’s Bossier City and Harrah’s Louisiana Downs in Louisiana on May 18, Harrah’s Gulf Coast and Horseshoe Tunica in Mississippi on May 21, Horseshoe Council Bluffs in Iowa on June 1, and Harrah’s North Kansas City in Missouri on June 1.