More on Caesars Entertainment (CZR): Q1 result misses on both bottom and line expectations as...


More on Caesars Entertainment (CZR): Q1 result misses on both bottom and line expectations as total sales decline by 6% Y/Y. Net losses narrowed however, as the the lower revenues were offset by a tax benefit and a decrease in depreciation expense. Las Vegas segment revenue fell 2.6%, weighed down by construction and renovation activities, with revenue from the Iowa and Missouri region -6.9%, Illinois and Indiana -4.6% and Louisiana and Mississippi -8.1%. Shares -1.6% AH.

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