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Caesars Reports $761M Loss

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Caesars Palace (photo credit: Ethan Miller/Getty Images)

Caesars Palace (photo credit: Ethan Miller/Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
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(Las Vegas, NV) — A combination of interest expenses and “continued softness” in the gaming business led to red ink for Caesars Entertainment.

The Las Vegas-based resort firm lost more than $761-million in the third quarter.

On another front, CEO Gary Loveman says he’s “disappointed and angry” Caesars was forced to pull out of a bid for a Massachusetts casino because of the state’s concerns over several issues.

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