Caesars Entertainment falls as Q3 profit misses estimates By Investing.com

Caesars Entertainment's Q3 results disappointed investors, with a loss of twenty-seven cents per share, far exceeding expectations of a three cent loss. The company's Las Vegas segment saw a nearly ten percent drop in revenue, while its digital arm, handling online sports betting and iGaming, experienced a decline in profits despite a slight revenue increase. However, regional operations performed well, with a six percent rise in revenue. Caesars' CEO remains optimistic about improved performance in the final quarter, supported by strong Las Vegas bookings and potential digital segment rebound. The company ended September with over eight hundred million in cash but still carries substantial debt of nearly twelve billion dollars.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.