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Digital growth helps Caesars cut net loss in Q1

Posted on 03/05/2023

Home > Finance > Quarterly results > Digital growth helps Caesars cut net loss in Q1

Caesars Entertainment cut its net loss by 80.0% during the first quarter of 2022 following a 23.5% increase in revenue, driven by growth in Las Vegas and its digital business.
Caesars Palace Las Vegas

Revenue was higher across all segments for the three months to March 31, with one of the main highlights for Caesars being its digital business reporting positive revenue. Last year, the operator posted a loss for the division.

Caesars also reported growth within its Las Vegas segment, to the point that the division was able to significantly close the gap on its regional operations division, which remain its primary source of revenue in Q1.

Read the full story on iGB North America.

Source: Read Full Article

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