![\"Caesars](\"https:\/\/readwrite.com\/wp-content\/uploads\/2025\/07\/Las-Vegas-Strip-300x188.jpg\")
<\/div>\nThe Las Vegas Strip is seemingly set for a slower third quarter, according to the CEO of one of the Strip’s biggest operators.<\/p>\n
During a recent earnings call<\/a> for Caesars Entertainment, CEO Tom Reeg said that, despite a strong start to the second quarter, income started to slow down and is expected to remain that way into the third quarter.<\/p>\n This comes after the gaming and hospitality company reported a 3.7% year-on-year decrease in net revenue and over a 20% dip in net income, according to publicly available financial reports.<\/p>\n \u201cVegas started leaking as a market (at the) end of May,” said Reeg. “That leak accelerated into June. I\u2019d expect the third quarter to be soft.\u201d<\/p>\n Nonetheless, Caesars generated $1.054 billion of net revenue from Las Vegas for the three-month period ending in June, 2025 \u2013 but that was down from $1.095 billion during the same quarter the year before. That represents $212 million of net income in the second quarter, compared to $268 million last year \u2013 a loss of $46 million.<\/p>\n While this shows a worrying picture for the Strip, Reeg still had hope for a more lucrative future in Las Vegas.<\/p>\n \u201cI\u2019ve been around Vegas a very long time\u2026(and) this is normal seasonality that we haven\u2019t seen in a while here,” he said, as reported<\/a> by Review Journal. “It\u2019s nothing that leaves me concerned.\u201d<\/p>\n Indeed, Vegas has been under pressure to get with the times, with changing revenue streams and expectations from customers, forcing operators to evolve<\/a> in both their operations and services.<\/p>\n With the rise of online gambling, Las Vegas needs to be able to tempt people to visit the city and its in-person strip<\/a>, even while similar services are available from the comfort and accessibility of computers and mobile apps.<\/p>\n ReadWrite has contacted Caesars Entertainment for comment.<\/p>\n Featured image: Wikipedia<\/a>, licensed under CC BY 4.0<\/a><\/strong><\/em><\/p>\n The post Caesars Entertainment CEO predicts slow third quarter for Las Vegas Strip<\/a> appeared first on ReadWrite<\/a>.<\/p>\nThe wider landscape on the Las Vegas Strip<\/span><\/h2>\n