Eldorado and Caesars' cost cutting is boosting profits at regional casinos as merger close nearsEldorado 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 1,000-1,200 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.[Collection]

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 1,000-1,200 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.https://www.cnbc.com/2020/06/16/eldorado-caesars-cost-cutting-is-boosting-profits-at-regional-casinos.html