Earnings release
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Caesars Entertainment , Inc. Reports Third Quarter 2021 Results LAS VEGAS and RENO , Nev . ( November 2 , 2021 ) Caesars Entertainment , Inc. , ( NASDAQ : CZR ) ( " Caesars , " " CZR , " " CEI " or " the Company " ) today reported operating results for the third quarter ended September 30 , 2021 . Net Revenues Third Quarter 2021 and Recent Highlights : GAAP net revenues of $ 2.7 billion versus $ 1.4 billion for the comparable prior - year period . GAAP net loss of $ 233 million compared to a net loss of $ 926 million for the comparable prior - year period . Same - store Adjusted EBITDA of $ 882 million versus $ 433 million for the comparable prior - year period . Same - store Adjusted EBITDA , excluding our Caesars Digital segment , of $ 1.0 billion versus $ 420 million for the comparable prior - year period . Announced the appointment of Sandra Douglass Morgan to our Board of Directors effective Nov. 7 , 2021 . Company released new CSR report , highlighting ESG achievements and updated long - term targets . ( In millions ) Las Vegas Tom Reeg , Chief Executive Officer of Caesars Entertainment , Inc. , commented , “ Our third quarter operating results reflect an all - time quarterly EBITDA record in our Las Vegas segment and a new third quarter EBITDA record for our regional segment . We are encouraged by the early results from our rebranded Caesars Sportsbook launch and we are looking forward to launching additional states by year end and into 2022. " Third Quarter 2021 Financial Results Summary and Segment Information After considering the effects of our recent acquisitions and planned or completed divestitures , the following tables present adjustments to net revenues , net income ( loss ) and adjusted EBITDA as reported , in order to reflect a same - store basis : Regional Caesars Digital Managed and Branded Corporate and Other Caesars CAESARS ENTERTAINMENT Ⓡ 2021 Pre Cons Balt ( a ) 2021 $ 1,017 $ 1,492 96 79 1 $ 2,685 $ 41 33 Add : Disc Ops ( b ) $ Three Months Ended September 30 , 2020 Pre Cons Balt & Pre - Acq WH US ( a ) ( d ) $ 2021 Total ( c ) $ 1,017 $ 1,546 96 71 1 2020 304 $ 1,055 39 41 4 13 $ 2,731 $ 1,443 13 1 $ 53 43 ( 2 ) 2020 Pre - Acq CEC ( e ) Exhibit 99.1 94 $ 87 $ 207 4 8 1 307 Add : Disc ( b ) Ops Less : 2020 Divest ( ) 2020 Total ( 9 ) $ 391 ( 77 ) 1,238 86 ( 1 ) 46 5 ( 78 ) $ 1,766