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Caesars swings to profit in Q2 but warns of Las Vegas weakness in Q3

2nd August 2018 10:16 am GMT
Caesars Entertainment

Shares in US casino operator Caesars Entertainment Corporation slumped by nearly 15 per cent in New York Wednesday on fears of a slowdown in the Las Vegas gaming market at the start of the third quarter.

Caesars posted strong second quarter growth as net revenue more than doubled to $2.12bn with the inclusion of results from CEOC, its operating arm, which emerged from bankruptcy during the final quarter of 2017.

On a like-for-like basis, same-store net revenue was up 3 per [...]

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