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Caesars’ net loss nears $1bn mark in third quarter

11th November 2014 7:18 am GMT

Shares in US casino operator Caesars Entertainment Corporation fell by more than 4 per cent in New York Monday after the company reported a net loss of $980.1m for the third quarter of 2014.

Net revenue increased by 6 per cent to $2,212.4m during the quarter across the company’s three primary entities; Caesars Entertainment Resort Properties (CERP), Caesars Growth Partners (CGP), and Caesars Entertainment Operating Co (CEOC).

Caesars chairman and CEO Gary Loveman said that the third [...]

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