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CAESARS ENTERTAINMENT , Caesars Entertainment , Inc. Reports Second Quarter 2021 Results August 3 , 2021 LAS VEGAS and RENO , Nev . , Aug. 3 , 2021 / PRNewswire / -- Caesars Entertainment , Inc. , ( NASDAQ : CZR ) ( " Caesars , " " CZR , " " CEI " or " the Company " ) today reported operating results for the second quarter ended June 30 , 2021 . CAESARS ENTERTAINMENT . Second Quarter 2021 and Recent Highlights : • Net revenues of $ 2.5 billion versus $ 127 million on a GAAP basis for the comparable prior - year period . • Net income of $ 71 million compared to a net loss of $ 100 million for the comparable prior - year period . • Same - store Adjusted EBITDA of $ 1.0 billion versus $ ( 131 ) million for the comparable prior - year period . • Company posted all - time records in quarterly Adjusted EBITDA and Adjusted EBITDA margin . • Divested Caesars UK group on July 16 , 2021 . • Launched comprehensive new marketing campaign for Caesars Sportsbook on August 2 , 2021 . Tom Reeg , Chief Executive Officer of Caesars Entertainment , Inc. , commented , " Our second quarter operating results improved significantly versus the first quarter of 2021 driven by continued strength in our regional markets and a dramatic improvement in results in our Las Vegas segment . With the William Hill acquisition now closed , we have officially rebranded our sports betting operations to Caesars and we launched our new comprehensive marketing campaign on August 2 , 2021. " Second Quarter 2021 Financial Results Summary and Segment Information For the second quarter ended June 30 , 2021 , Caesars Entertainment , Inc. generated net revenues of $ 2.5 billion and net income of $ 71 million on a GAAP basis . After combining the results from the operations of Caesars Entertainment , Inc. with William Hill US prior to the acquisition and 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 $ 2.6 billion and adjusted EBITDA of $ 1.0 billion . For the periods ended June 30 , 2020 , a comparative same - store basis includes the results of operations of Caesars Entertainment , Inc. combined with William Hill US prior to the consummation of the acquisition on April 22 , 2021 and the operations of Caesars Entertainment Corporation ( " Former Caesars " ) prior to the closing of the acquisition of Former Caesars on July 20 , 2020 ( the " Merger " ) and eliminates results of operations for properties that have been divested . In our Las Vegas segment , the Company reported same - store revenues of $ 855 million and same - store adjusted EBITDA of $ 423 million for the quarter . In our Regional segment , same - store revenues were $ 1.5 billion and same - store adjusted EBITDA was $ 621 million . For Caesars Digital , our sports betting and online gaming segment , same - store net revenues were $ 117 million and same - store adjusted EBITDA was $ 2 million . Net Revenues ( Dollars in millions ) Las Vegas Regional Caesars Digital Managed and International Corporate and Other Caesars Net Revenues ( Dollars in millions ) Las Vegas Regional Caesars Digital Managed and International Corporate and Other Caesars Net Income ( Loss ) 2021 855 1,490 86 66 5 $ 2,502 $ 2021 $ 1,352 2,681 125 127 9 $ 4,294 2021 Pre - Acq . WH US ( a ) $ 31 $ 31 2021 Pre - Acq . WH US ( a ) $ 135 $ 135 Add : Disc . Ops ( b ) $ 80 20 $ 100 $ Add : Disc . Ops ( b ) 142 30 $ 172 $ Less : 2021 Divest . ( c ) ( 28 ) $ ( 28 ) Less : 2021 Divest . ( c ) $ ( 69 ) $ ( 69 ) Three Months Ended June 30 , 2021 Total ( d ) $ 855 1,542 117 86 5 $ 2,605 $ 2021 Total ( d ) $ 1,352 2,754 260 157 9 $ 4,532 2020 114 11 2 $ 127 $ Six Months Ended June 30 , 2020 577 19 2020 Pre - Acq . WH US ( a ) $ 4 $ 600 $ 10 10 2020 Pre Acq . WH US ( a ) $ 51 $ 51 2020 Pre Acq . CEC ( e ) $ 109 186 30 27 5 $ 357 $ Less : 2020 Divest . ( c ) 2020 Pre Acq . CEC ( e ) $ 931 1,060 49 135 10 $ 2,185 ( 24 ) $ ( 24 ) $ $ 109 276 51 27 7 $ 470 Less : 2020 Divest . ( c ) ( 148 ) 2020 Total ( f ) $ ( 148 ) 2020 Total ( f ) $ 931 1,489 119 135 14 $ 2,688