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● LAS VEGAS and RENO , Nev . ( May 4 , 2021 ) – Caesars Entertainment , Inc. , ( NASDAQ : CZR ) ( “ Caesars , ” " CZR , " " CEI " or " the Company " ) today reported operating results for the first quarter ended March 31 , 2021 . First Quarter 2021 and Recent Highlights : Net Revenues Net revenues of $ 1.7 billion , an increase of 259.2 % on a GAAP basis and a decrease of 16.0 % on a same store basis versus the comparable prior - year period . Net loss of $ 423 million compared to a net loss of $ 176 million for the comparable prior - year period . Same - store Adjusted EBITDA of $ 548 million versus $ 410 million for the comparable prior - year period . Closed the William Hill PLC acquisition on April 22 , 2021 . Expanded NFL relationship , becoming one of three official sports betting partners while extending Caesars exclusive casino and iGaming rights . ( Dollars in millions ) Las Vegas Caesars Entertainment , Inc. Reports First Quarter 2021 Results Tom Reeg , Chief Executive Officer of Caesars Entertainment , Inc. , commented , “ Our first quarter results improved significantly versus the fourth quarter of 2020 as the pace of vaccinations across the country accelerated and consumers started to resume more normal behavior . We are excited to see the dramatic improvement in operating efficiencies throughout our enterprise which we believe are sustainable going forward . " First Quarter 2021 Financial Results Summary and Segment Information For the first quarter ended March 31 , 2021 , Caesars Entertainment , Inc. generated net revenues of $ 1.7 billio and a net loss of $ 423 million on a GAAP basis . After combining the results from our continuing operations of Caesars Entertainment , Inc. with the results of our properties classified as discontinued operations but were not divested at the end of the period , which we refer to as a same - store basis for the period , Caesars Entertainment , Inc. reported same store net revenues of $ 1.9 billion and adjusted EBITDA of $ 548 million . For the first quarter ended March 31 , 2020 , a comparative same - store basis includes the results of operations of Caesars Entertainment , Inc. combined with the operations of Caesars Entertainment Corporation ( " Former Caesars " ) prior to the closing of the acquisition of Former Caesars ( the " Merger " ) and eliminates results of operations for properties that have been divested . In our Las Vegas segment , same store revenues declined 39.5 % during the first quarter and adjusted EBITDA declined 26.7 % . In our Regional segment , same store revenues were flat and same - store adjusted EBITDA increased 69.2 % . Regional Managed , International & CIE Corporate and Other Caesars $ CAESARS ENTERTAINMENT Ⓡ Add : Disc . 2021 Ops ( a ) 497 $ 1,108 90 4 $ 1,699 $ 155 10 165 $ $ Three Months Ended March 31 , Less : 2020 Divest . ( c ) 2021 Total ( b ) 497 $ 1,263 100 4 1,864 $ 1 2020 471 $ 2 473 $ ( 82 ) 2020 Pre - Acg . CEC ( d ) $ ( 82 ) $ Exhibit 99.1 822 $ 874 127 2020 Total ( e ) 822 1,263 127 7 5 1,828 $ 2,219 % Change ( 39.5 ) % % ( 21.3 ) % ( 42.9 ) % ( 16.0 ) %