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Caesars sees profit in Q3 as results boosted by sale of interactive arm

8th November 2016 10:11 am GMT
Caesars Entertainment

US casino operator Caesars Entertainment Corporation (CEC) has recorded net income of $5m for the third quarter of 2016, largely due to a $4.2bn pre-tax gain on the sale of Caesars Interactive's social and mobile games business.

Net third quarter revenue from CEC’s continuing operations rose 3 per cent to $986m, primarily due to strong growth in the Las Vegas region, which partially offset declines in Atlantic City and New Orleans.

Income [...]

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