Caesars Entertainment, Inc. (CZR) Q1 2023 Earnings Call Transcript

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Call Participants:

Brian Agnew - Senior Vice President of Corporate Finance, Treasury and Investor Relations

Anthony Carano - President and Chief Operating Officer

Eric Hession - President, Caesars Sports & Online Gaming

Bret Yunker - Chief Financial Officer

Tom Reeg - Chief Executive Officer

Carlo Santarelli - Deutsche Bank - Analyst

Joe Greff - JPMorgan - Analyst

Steven Wieczynski - Stifel - Analyst

Dan Politzer - Wells Fargo - Analyst

Brandt Montour - Barclays - Analyst

Barry Jonas - Truist Securities - Analyst

Shaun Kelley - Bank of America - Analyst

Chad Beynon - Macquarie - Analyst

John DeCree - CBRE - Analyst

David Katz - Jefferies - Analyst

Stephen Grambling - Morgan Stanley - Analyst

Operator

Good day, and thank you for standing by. Welcome to the Caesars Entertainment Inc. 2023 First Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today Brian Agnew, Senior Vice President of Corporate Finance, Treasury and Investor Relations.

Brian Agnew

Thank you, Josh, and good afternoon to everyone on the call. Welcome to our conference call to discuss our first quarter 2023 earnings. This afternoon, we issued a press release announcing our financial results for the period ended March 31, 2023. A copy of the press release is available in the Investor Relations section of our website at investor.caesars.com.

Joining me on the call today are Tom Reeg, our Chief Executive Officer; Anthony Carano, our President and Chief Operating Officer; Bret Yunker, our Chief Financial Officer; and Eric Hession, President, Caesars Sports & Online Gaming.

Before I turn the call over to Anthony, I would like to remind you that during today's conference call, we may make certain forward-looking statements about the company's performance. Such forward-looking statements are not guarantees of future performance and therefore, one should not place undue reliance on them. Forward-looking statements are also subject to the inherent risks and uncertainties that could cause actual results to differ materially from those expressed.

For additional information concerning factors that could cause actual results to differ from those discussed in our forward-looking statements. You should refer to the cautionary statements contained in our press release, as well as the risk factors contained in the company's filings with the Securities and Exchange Commission. Cesar's entertainment undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances that occur after today's call.