As well as Caesars Entertainment, Wynn Resorts was also recognized among the top 50 community-minded companies in the US.
The Civic 50 is a national standard for corporations and showcases how companies are increasing their social impact, civic engagement and community. The process resulted in a tie between two companies and so 51 companies are recognized on this year’s list.
All of the Civic 50 honorees are companies with annual revenue of at least $1bn and the honorees are selected based on four aspects: investment of resources and volunteerism, institutionalization through policies and systems, integration across business functions and impact measurement.
Caesar Entertainment reported total revenue of $2.8bn in its Q1 2023 results, which has risen 21% year-on-year. However, despite the increase in revenue, Caesars still reported a net loss of $136m for that quarter.
Caesers Entertainment has opened a new venue in the city of Danville called, Danville Casino, which opened on May 15 and welcomed its first guests. The 40,000 square-foot casino will host 740 slot machines, 25 live game tables and 28 electronic tables, eight Caesars Sportsbook kiosks and three restaurants.
Heather Rapp, SVP of CSR at Caesars, said: “To continue to be recognized as a leader for corporate citizenship and social impact is an honor.
“At Caesars, we take our CSR initiatives very seriously; it drives how we do business and we strive to continue to improve on our goals year-over-year. To receive this recognition proves that we’re doing just that and we can’t wait to continue making progress.”
