
Caesars Entertainment
-2.4 %
-15.17 %
Yet to be announced
Company Overview
Caesars Entertainment is one of the largest gaming and entertainment companies in the United States. The company operates numerous casino-resorts primarily under the Caesars, Harrah's, Horseshoe, and Eldorado brand names. Their business model includes casino gaming, hotel operations, food and beverage services, entertainment shows, and other resort amenities.
Revenue Sources
FailCaesars Entertainment's primary revenue source is casino gaming operations, which constitutes gambling activities. Casino gaming and sports betting are core parts of their business model and represent a significant portion of their total revenue. These activities are categorically haram as they constitute gambling where money transfers between parties with no underlying product or service exchange.
Reliance on Interest
Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
---|---|---|---|---|---|---|
Sept. 30, 2024 | $2.87b | $2.23b | - | - | 0.00% | 0.00% |
June 30, 2024 | $2.83b | $2.33b | - | $3.0m | 0.00% | 0.13% |
March 31, 2024 | $2.74b | $2.31b | - | $48.0m | 0.00% | 2.08% |
Dec. 31, 2023 | $2.83b | $2.29b | - | - | 0.00% | 0.00% |
Based on the financial data from the last four quarters, the company's interest expense has been relatively low compared to total expenses. However, given that the core business activities are haram, a detailed interest analysis is not necessary for determining halal compliance.
Operational Ethics
PassUpon review of publicly available information, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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