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Caesars Entertainment swings to loss despite Q2 revenue growth

6th August 2019 8:25 am GMT
Caesars Entertainment

New York-listed casino operator Caesars Entertainment has reported a 5 per cent increase in net revenue to $2.2bn for the second quarter of 2019.

Caesars, which is in the process of being acquired by Eldorado Resorts, benefited from a strong performance in its core Las Vegas market, as well as the continued expansion of sports betting operations across its regional properties.

Revenue from Las Vegas rose 1 per cent year-on-year to $1.0bn, while other US revenue climbed [...]

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