Caesars Entertainment mulls over AC weakness

|About: Caesars Entertainment (CZR)|By:, SA News Editor

Execs with Caesars Entertainment (CZR) tipped off during the firm's earnings call that the company is considering closing Atlantic City casinos.

Revenue fell off 14% for the company's Atlantic Coast properties in Q1. Demand in Atlantic City was weak due to overcapacity in the region.

"All the businesses in A.C. are under tremendous pressure," said CEO Gary Loveman.

Earnings call transcript