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Caesars Digital

Caesars Entertainment Reports $2.6B in Revenue for Q4 2021

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Caesars Entertainment has reported $2.6bn in revenue for the fourth quarter of 2021, up from $1.6bn for the prior-year period.

The company’s Las Vegas operations represented $1.04bn of the total, compared to $447m in Q4 2020. Regional operations were, however, the biggest earner, with revenue amounting to $1.36bn. This was up from $1.02bn in Q4 2020.

Caesars Digital reported revenue of $116m, compared to $37m in the prior-year period. And representing the other $72m was Managed and Branded, up from $66m in Q4 2020.

The group reported a net loss of $434m compared to $555m for the prior-year period. Adjusted EBITDA was $581m, compared to $348m.

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For the full year ended 31 December 2021, revenue amounted to $9.6bn, compared to $3.6bn for the comparable prior-year period. The company posted a net loss of $1bn compared to a net loss of $1.8bn, while Adjusted EBITDA for the period was $3bn, compared to $1.1bn for the prior-year period.

Recent highlights included Caesars Entertainment exceeding its stated synergy target from its merger with Eldorado Resorts in July 2020, while Caesars Sportsbook is currently live in 22 states and jurisdictions, 16 of which offer mobile wagering.

“Our quarterly operating results reflect new fourth quarter records for Adjusted EBITDA and Adjusted EBITDA margin in both our Las Vegas and Regional segments,” Tom Reeg, CEO of Caesars Entertainment, said.

“Caesars Sportsbook continues to exceed our expectations for new customer registrations, deposits and market share, especially in recently launched jurisdictions.”

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Caesars Digital

Design Works Gaming Launches with Caesars Digital in Ontario

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Design Works Gaming (DWG), a leading developer of online casino games, is thrilled to announce its highly anticipated launch on Caesars Palace Online Casino and Caesars Sportsbook & Casino in Ontario.

This marks a significant milestone for DWG as it expands into the thriving Canadian market, with Caesars Digital serving as the company’s pilot partner in this new venture.

This launch comes on the heels of DWG and Caesars Digital’s launch in Pennsylvania last month and builds upon their combined success in New Jersey and Michigan. This expansion is part of DWG’s broader strategy to drive global growth and establish its presence in regulated markets worldwide.

“Launching in Ontario has been a moment we’ve eagerly awaited at DWG, and we could not have asked for a better partner than Caesars Digital to make it a reality,” said founder and CEO of Design Works Gaming Troy Zurawski. “Working with the entire Caesars Digital team has been an amazing experience. We’re honored that they’ve entrusted us with the opportunity to build custom games with the iconic Caesars brand, and Caesars Digital shares our passion for producing the best online casino products on the market.”

Vice President of Online Gaming at Caesars Digital Ricardo Cornejo Rivas added: “Partnering with DWG has brought exciting new content to our online casino players in New Jersey, Michigan, Pennsylvania and now Ontario. From custom Caesars-branded games to classic favorites, we’re glad to bring more content to our gaming catalog that can provide an elevated and enjoyable experience to our players.”

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Ontario represents a significant opportunity for DWG, as it was the first Canadian region to launch regulated online gaming. By the end of 2023, the province boasted over 1.2 million active player accounts, a number that continues to grow steadily. DWG’s entry into this market is timely and positions the company to capitalize on the increasing demand for innovative and engaging online casino content.

This launch is just the beginning of DWG’s journey in Canada and marks a new era of expansion for the company.

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Bragg Gaming Group

Bragg Gaming Launches Boardwalk Slots Bankers & Cash with Caesars Digital

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Bragg Gaming Group announced the launch of a custom slot game developed for Caesars Digital, Boardwalk Slots Bankers & Cash, now exclusively live on Caesars Palace Online Casino and Caesars Sportsbook & Casino in Michigan and New Jersey.

The bespoke release takes proven game features and artwork from Bragg’s popular slot title Bankers & Cash and combines it with the evocative Boardwalk Slots brand owned by Caesars Digital. The new title delivers a tailored slots experience with established mechanics invoking the thrills of Atlantic City, where fortune lies around every corner.

Every spin of the reels holds the thrill of the possible riches that lie in wait, as well as delivering personalized rewards and unforgettable experiences available through the industry-leading customer loyalty program, Caesars Rewards. The title represents the latest installment of exclusive entertainment IP delivered by Caesars Digital to offer a unique customer experience only found on its iGaming Platforms.

With a classic-feeling three-reel slot in the base game, the Boardwalk Slots Bankers & Cash Piggy Banker guards the vault and pays out regular multiplier wins. During free games, 3 Vault scatter symbols on a single line expand the reels to a 5×3 format to offer the chance of unlocking the vaults to release mega cash prizes.

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Kunal Mishra, Chief Operating Officer, Americas for Bragg Gaming Group, said: “We are excited to be releasing Boardwalk Slots Bankers & Cash, our second bespoke game release with Caesars Digital, bringing even more quality, exclusive content to players on Caesars iGaming platforms.

“As a key supplier to Caesars Digital and following the success of Lady Luck Casino Egyptian Magic launched last year, we are confident that their players are going to have a lot of fun spinning the reels of this classic-feeling game and aiming to get the Piggy Banker to open those vaults.”

Matt Sunderland, Senior Vice President and Chief iGaming Officer at Caesars Digital, said: “Boardwalk Slots Bankers & Cash is the latest addition to the growing bespoke game portfolio of exclusive slots available only to players on our online casino platforms. Bragg has a great track record of delivering player-favorites and I’m sure this title will provide exceptional entertainment to our online casino players in Michigan and New Jersey.”

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Caesars Digital

White Hat Studios Extends New Jersey Reach With Caesars Digital Launch

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House of Brands provider now live with Caesars Digital in four states

White Hat Studios, the ‘house of brands’ provider to the United States iGaming market, is now live with Caesars Digital across four states after launching its games with the operator’s New Jersey online casino.

The move comes hot on the heels of the successful rollout in West Virginia in February and joins Michigan and Pennsylvania in the regulated markets where customers of Caesars Digital can access the provider’s unrivaled and award-winning content portfolio.

Through this extended collaboration, Caesars’ online casino player base in New Jersey can now enjoy White Hat Studios’ signature branded titles, including favourites such as Peaky Blinders™ and The Goonies™.

New Jersey players will also have access to the Studio’s comprehensive series of Jackpot Royale titles, which enhance the gaming experience with thrilling progressive jackpots. In 2023 alone, the Jackpot Royale feature awarded a total of $9.8 million through three progressive jackpots.

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With a commitment to innovation and player satisfaction, White Hat Studios continues to expand its footprint in the U.S. market and has a strong product roadmap to deliver even greater experiences over the coming months.

Daniel Lechner, SVP Sales & Marketing at White Hat Studios, said: “Our collaboration with Caesars Digital has yielded exceptional results and we are thrilled to extend our presence into New Jersey.

“As a popular provider of branded iGaming content, we look forward to delivering unparalleled entertainment to Caesars’ players in the Garden State.

Ricardo Cornejo Rivas, Vice President of Online Gaming at Caesars Digital, added: “White Hat Studios’ diverse portfolio of gaming titles has resonated well with our players across the U.S. market. We are excited to introduce New Jersey players to these titles, further enriching our iGaming offering in the state.”

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