Caesars Grants $3.3M Donation to US Non-profit Organizations

Caesars Grants $3.3M Donation to US Non-profit Organizations

Caesars Entertainment, the leading casino-entertainment company, revealed details regarding a $3.3 million donation to both local and national US non-profit organizations.

New $3.3M Donation Helps Non-profit Organizations around the US

The company said on Wednesday that its corporate giving platform, Caesars Foundation, completed a new $3.3 million donation to non-profit organizations around the US. Overall, dozens of such organizations benefitted from the recent funding. The operator explained that the organizations that received the donation “fall into Caesars Entertainment’s core values including non-profits focusing on responsible gaming, sustainability, and diversity, equity, and inclusion.”

Meals on Wheels, the leading organization dedicated to addressing senior isolation and hunger, received a part of the recent donation for the 20th year in a row. On the other hand, the national organization that offers voluntary after-school programs for young people, Boys & Girls Clubs of America, received its first donation from Caesars.

Other organizations that were a part of the latest donation include Caesars’ long-term partners such as the International Center for Responsible Gambling, Clean the World Foundation, as well as National Park Trust. The Second Wind Dreamers and the Women’s Business Enterprise National Council are also among the recipients of the donation.

The Company Remains Focused On Giving Back to Communities

The Caesars Foundation was established by Caesars to fund non-profit organizations and programs. The Foundation’s goals include funding communities in which Caesars Entertainment operates. Additionally, the Caesars Foundation seeks to improve the quality of life for the company’s team members, their families as well as communities.

At Caesars Entertainment, we’re focused on giving back to the communities where our guests and Team Members live, work, and play.

Heather Rapp, SVP of corporate social responsibility at Caesars Entertainment

Caesars’ SVP of corporate social responsibility, Heather Rapp, revealed that the company is committed to contributing to communities where its team members and guests live and work. She outlined that the new donation will be of significant importance for programs and communities around the US.

Earlier this week, Caesars released its financial results for the first quarter of 2022. Overall, the company’s revenue last year hit $9.6 billion, marking the highest revenue of all time. Undoubtedly Caesars kept the positive momentum, considering that its Q1, 2022 revenue hit $2.29 billion.

This result represents an increase of nearly 21% when compared to the same period the prior year. During the quarter, the company’s Las Vegas operations played a key role. In Q1, 2022, Caesars’ Las Vegas resorts’ revenues hit $914 million, up more than 80% when compared to Q1, 2021.

Author: Ian Douglas