Caesars Entertainment narrowed its quarterly loss as revenue edged higher, marking the company's first earnings report since agreeing to be acquired by billionaire Tilman Fertitta in a $5.7 billion deal.

The hotel and casino company on Tuesday reported a loss of $62 million, or 30 a share, compared with a loss of $82 million, or 39 cents a share, a year earlier.

Revenue rose 3% to $2.99 billion, up from $2.91 billion a year prior.

Analysts polled by FactSet were expecting a reported profit of 2 cents a share on $2.98 billion in revenue.

In Caesar's Las Vegas business, sales decreased, while revenue increased in the regional and digital channels.

The company in May agreed to be acquired by Fertitta and his firm, Fertitta Entertainment, for $31 a share in cash. The full deal includes about $11.9 billion Caesar's outstanding debt and is valued around $17.6 billion, according to Caesars.

Caesars had a "go-shop" period through July 11 to solicit and consider alternative deals.