Eldorado and Caesars cost cutting is boosting profits at regional casinos as merger close nears
June 16, 2020 at 15:08 PM EDT
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 1000-1200 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.