Caesars CEO Predicts Las Vegas Comeback After ‘Soft Summer’ Amid Changing Traveler Trends
Thursday 30 de October 2025 / 12:00
⏱ 1 min read
(Las Vegas).- After a sluggish summer and nearly 10% decline in Las Vegas casino revenue, Caesars Entertainment sees signs of recovery driven by regional growth and online betting, despite cautious leisure travelers and rising prices in the city.
Caesars Entertainment, the largest casino operator in the United States, reported third-quarter sales on Tuesday that remained flat compared to last year. However, earnings before interest, taxes, depreciation, and amortization (EBITDA) fell below analysts’ expectations.
CEO Tom Reeg attributed the weaker performance primarily to a 9.8% drop in revenue from the company’s Las Vegas properties, even as regional casinos and online betting showed solid growth. The decline in America’s gaming capital, he noted, was due to more price-conscious leisure travelers who were tightening their budgets.
Reeg also highlighted softer demand from international visitors—particularly Canadians—due to lingering impacts from past U.S. immigration and trade policies. Although the leisure travel segment has rebounded, it has yet to reach last year’s levels.
Industry observers point to rising costs across Las Vegas, including resort fees, parking, and dining, as factors discouraging visitors. Despite these challenges, Reeg emphasized that the city continues to cater to a wide range of travelers with diverse price options.
Categoría:Casino
Tags: Sin tags
País: United States
Región: North America
Event
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