Caesars to significantly reduce media presence after an advertisement-intensive 2021.
Caesars has announced a significant reduction in its marketing expenditures across the United States during its full year 2021 and fourth quarter earnings call for investors.
Caesars reported an increase in all its industries for the full year, with revenue surging 168.7% to $9.57 billion (£7.02 billion/€8.43 billion). Revenue for the fourth quarter amounted to $2.59 billion.
Tom Reeg, CEO of Caesars, discussed the influence of the company's acquisitions from the previous year regarding its digital segment.
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