MGM Resorts International and Caesars Entertainment, which combined manage 17 casino hotels on Las Vegas Boulevard, are optimistic about the second half of 2025 and the early part of 2026.
Caesars Entertainment
One of the Strip’s largest casino operators expects business to rebound later this year and into 2026.
The two largest Las Vegas Strip casino operators remain optimistic in the face of recent data suggesting tourism and visitation levels are beginning to lag.
Caesars Entertainment said in a Securities and Exchange Commission filing. that it has expanded its board of directors and added two from Carl Icahn’s business empire.
Financial returns from the Las Vegas Strip for the third quarter should be watched with some caution, according to Wall Street analysts.
Caesars Entertainment shareholders solidly rejected a proposal to study the economic effects of smoke-free casinos during the company’s annual meeting.
A software analyst said the attacks on MGM Resorts and Caesars Entertainment may embolden hackers to hit other Las Vegas casino operators.
Plaintiffs say Caesars Entertainment and MGM Resorts International failed to protect customer data during attacks revealed this month.
Hackers reportedly broke into the Las Vegas casino operator’s systems in recent weeks and threatened to release the company’s data.
Executives at Caesars Entertainment say they remain confident in the Las Vegas economy, especially with major sporting events on the horizon.
Caesars CEO Tom Reeg said the prospect of the A’s in Las Vegas was exciting, but he didn’t want to see tax hits that would “unnecessarily” impact Clark County.
Caesars Entertainment said it has moved past the meltdown of its William Hill sportsbook app, which crashed during the Super Bowl and left bettors unable to wager on the game.
CEO Tom Reeg announced the decision to not pursue a sale during the company’s third-quarter earnings call.
Caesars Entertainment Inc. announced a partnership Thursday with New York office landlord SL Green Realty Corp. to open Caesars Palace Times Square in an existing skyscraper.
Caesars Entertainment said it started the process of selling one of its Strip casinos during its first quarter earnings call, but did not say which one.