News

Caesars Entertainment Posts $466 Million Loss

View Comments
(Bruce Bennett/Getty Images)

(Bruce Bennett/Getty Images)

tate south Tate South
Email Tate at tate.south@cbsradio.com
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

(Las Vegas, NV)  —  Higher revenues couldn’t offset major losses at Caesars Entertainment.

The Las Vegas-based resort firm says it lost about $466 million in the second quarter.

The new Linq entertainment complex and High Roller observation wheel on the Strip helped boost  revenues in Las Vegas, but that was offset by reduced tax benefits and “persistent softness” at its other properties.

CEO Gary Loveman says Caesars still plans to close the Showboat in Atlantic City later this month.

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,079 other followers