Caesars Entertainment Inc. Loss Exceeds $1 Billion

Founded from the merger of Eldorado Resorts and Caesars Entertainment, Caesars Entertainment Inc. reported for the first six months of 2020. The organization posted a net loss of $1.17 billion.

Like other casino operators in the US, Caesars and Eldorado closed their gambling establishments in mid-March following restrictions imposed due to the Covid-19 coronavirus pandemic. The opening of the facilities took place only at the end of May-beginning of June.

The merger of the two companiesoccurred in the second half of July after the completion of the transaction, as a result of which one of the largest Casino and hotel operators Eldorado Resorts acquired Caesars Entertainment for $17.3 billion. The combined business owns over 55 gambling establishments worldwide.

Recall that earlieranother giant of the gaming industry, MGM Resorts International, reported losses. The company's net profit for the first financial half of the year decreased by 60.3%.

Richard "Boz" Bosworth is the main partner and CEO of the young company JC Hospitality, LLC ...
Position: Author of analytical materials Higher education Age: 24 years old Experience: more than 5 years Brief biography: Born on March 24, 1997 in the city of Volkhov, Leningrad Region. In 2015, he successfully graduated from a secondary school, after which he entered the Faculty of Mechanics and Mathematics...
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