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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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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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Andy Whitworth CEO at White Hat Studios

White Hat Studios Expands Caesars Digital Partnership Into West Virginia

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White Hat Studios, the ‘house of brands’ provider to the United States iGaming market, is now live in West Virginia with Caesars Digital, taking its existing partnership with the operator giant to new heights.

The updated agreement sees White Hat Studios’ premium branded titles, including player favorites such as Peaky Blinders and The Goonies, launch on Caesars Palace Online Casino in West Virginia.

The ‘house of brands’ provider has seen significant success with Caesars Digital across Michigan and Pennsylvania, with its premium slots and table games performing consistently well.

White Hat Studios has seen tremendous growth and success in recent years. According to the latest Eilers-Fantini report, the company nearly doubled its gross gaming revenue share at the start of 2024.

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The provider also offers its comprehensive Jackpot Royale feature, available in 30 games and enhancing operators’ content offering. The mechanic paid out $9.8 million total through three progressive jackpots in 2023.

Building on its momentum, White Hat Studios has ambitious plans to further expand its market share in the U.S. in 2024. With a robust roadmap of new products on the horizon, the company is poised to cement its position as a top supplier in the industry.

Andy Whitworth, CEO at White Hat Studios, said: “We’ve seen incredible results through our partnership with Caesars, one of the leading operators in the U.S. market, so we’re thrilled to be expanding upon that with entry into West Virginia.

“As the leading ‘house of brands’ provider, we’re extremely proud of how our IP-inspired content has been received by Caesars’ players, and we’re excited to grow engagement and retention rates even further with this development.”

Ricardo Cornejo Rivas, Vice President of Online Gaming at Caesars Digital, added: “White Hat Studios is a valuable partner for us that continues adding impressive gaming content to our platforms. Their dynamic and expansive range of titles have been embraced by our players in multiple jurisdictions, so we’re thrilled to bring more of their popular games to our West Virginia players.”

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Caesars Digital

Evolution and Caesars Digital Sign Strategic Agreement to Expand Partnership Throughout North America

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Evolution has announced a new strategic agreement with Caesars Digital that will strengthen its existing relationship, expanding its reach throughout North America.

Under the terms of this groundbreaking partnership, Evolution and Caesars will work together to establish dedicated studios across multiple U.S. states, including one inside Caesars’ world-renowned New Jersey-based Tropicana Casino.

The Tropicana studio will mark Evolution’s third live casino studio in Atlantic City, further establishing its ability to meet the demand of a rapidly growing New Jersey market.

Jacob Claesson, Evolution CEO for North America, said: “Caesars’ expansion in the market is remarkable and noteworthy. When presented with the opportunity to launch our third live studio in Atlantic City, we knew Tropicana would be the ideal location. We’re impressed by Caesars’ dedication and look forward to collaborating with them as they continue to expand their branded studio presence.”

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In addition to the Tropicana location, Evolution and Caesars will collaborate on launching additional branded studio space within Evolution’s already established Pennsylvania and Michigan studios.

Matthew Sunderland, SVP and Chief iGaming Officer at Caesars Digital, said: “Elevated live dealer experiences are an area of opportunity and something online casino players are continuing to show an affinity for. With this in mind, partnering on a deeper level with Evolution, the market leader in live casino offerings, made a lot of sense. We trust that our players will be excited by these best-in-class live casino experiences and can’t wait to see how our new dedicated live dealer studio spaces come together at Tropicana Atlantic City and in other jurisdictions where iGaming is live.”

As part of the agreement, online casino players on Tropicana Online Casino, Caesars Sportsbook & Casino, and Caesars Palace Online Casino will enjoy continued access to Evolution’s industry-leading live casino games and top-performing online slots from its NetEnt, Red Tiger, Big Time Gaming, and Nolimit City brands.

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