The post Caesars CEO Says Las Vegas Back on Rise in Q4 appeared first on Vegas Slots Online News.
Las Vegas has had a difficult 2025. In fact, the headlines have been littered with claims that the American gambling hub is “dying.” Whether or not that is actually the case is up for debate, but Caesars Entertainment CEO Tom Reeg is confident about the near future.
Reeg was discussing Q4 results on an earnings call with Wall Street analysts on Tuesday. Despite admitting that Vegas visitation decline had contributed to a Q3 earnings drop, he said that the final quarter of the year looks promising.
We’re seeing sequential improvements in operating trends”
Reeg was joined on the call by COO Anthony Carano, who explained a little about the results. “We’re seeing sequential improvements in operating trends in Las Vegas as we enter the fourth quarter,” he said.
Q3 followed the trend of the rest of the year – hotel occupancy was down to 92% from 97% in 2024, and average daily room rates dropped 5%. However, the quarter improved as it went on, with September bringing the strongest results, thanks in part to fourth-quarter bookings made in the month.
“We see Vegas coming back strongly,” Reeg said. He even expects group business to set a new record in 2026 based on first-quarter showing.
Las Vegas visitors have complained about overpricing this year, with many seeing this as a sign of Las Vegas’s financial decline. Reeg addressed the issue in the call, claiming that Caesars prices items daily, and admitting that the company “might have gotten in over the skis pricing wise.”
However, Reeg believes stories of overpricing will become a thing of the past as performance improves again. “It won’t be long before we’re talking about the story of the $25 bottle of water,” he said.
The post Caesars CEO Says Las Vegas Back on Rise in Q4 appeared first on Vegas Slots Online News.
