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Eldorado and Caesars' cost cutting is boosting profits at regional casinos as merger close nears

6 years 3 months ago
Eldorado and Caesars have released documents estimating the financial performance of their regional casino properties since reopening. Because of aggressive cost-management, they have been able to improve margins by 1,000-1,200 basis points, year over year — improving EBITDA in spite of flat or lagging revenues, compared to the same period year over year. It's an ongoing theme for the casino industry — taking out big costs, and keeping unprofitable parts of the business closed.
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20 minutes 16 seconds ago
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