Caesars Entertainment Loss Narrows, Revenue Grows, Led by Digital Segment

Dow Jones

Apr 30, 2025

By Paul Ziobro

Caesars Entertainment posted a narrower loss on an uptick in revenue in the first quarter, helped by a double-digit increase in its digital segment .

The casino operator on Tuesday reported a loss of $115 million, or 54 cents, compared with a loss of $158 million, or 73 cents, in the same quarter a year ago. Analysts were looking for a loss of 12 cents, according to FactSet.

Revenue rose 2.4% to $2.79 billion, matching analyst expectations.

The company's Las Vegas business posted a 1.9% decline in revenue, while its regional segment grew the top-line by 1.7%. Its digital segment, meanwhile, posted an 18.8% growth.

Chief Executive Tom Reeg said that the regional segment was boosted by recently opened properties, while the Las Vegas business faced a tough comparison from a year ago from the Super Bowl.

Write to Paul Ziobro at paul.ziobro@wsj.com

(END) Dow Jones Newswires

April 29, 2025 16:20 ET (20:20 GMT)

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Analysts were looking for a loss of 12 cents, according to FactSet. \n</p>\n<p>\n  Revenue rose 2.4% to $2.79 billion, matching analyst expectations. \n</p>\n<p>\n  The company's Las Vegas business posted a 1.9% decline in revenue, while its regional segment grew the top-line by 1.7%. 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Analysts were looking for a loss of 12 cents, according to FactSet.Revenue rose 2.4% to $2.79 billion, matching analyst expectations.The company's Las Vegas business posted a 1.9% decline in revenue, while its regional segment grew the top-line by 1.7%. 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Analysts were looking for a loss of 12 cents, according to FactSet. \n\n\n  Revenue rose 2.4% to $2.79 billion, matching analyst expectations. \n\n\n  The company's Las Vegas business posted a 1.9% decline in revenue, while its regional segment grew the top-line by 1.7%. Its digital segment, meanwhile, posted an 18.8% growth. \n\n\n  Chief Executive Tom Reeg said that the regional segment was boosted by recently opened properties, while the Las Vegas business faced a tough comparison from a year ago from the Super Bowl. \n\n\n  Write to Paul Ziobro at paul.ziobro@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 29, 2025 16:20 ET (20:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}