Published: Oct. 31, 2023 at 4:11 p.m. ET
By Ben Glickman
Caesars Entertainment posted higher profit in the third quarter as sales rose on strong demand for casinos.
The casino operator logged a third-quarter profit of $74 million, or 34 cents a share, compared with $52 million, or 24 cents a share, a year earlier. Analysts polled by FactSet expected per-share earnings of 22 cents.
…
By Ben Glickman
Caesars Entertainment posted higher profit in the third quarter as sales rose on strong demand for casinos.
The casino operator logged a third-quarter profit of $74 million, or 34 cents a share, compared with $52 million, or 24 cents a share, a year earlier. Analysts polled by FactSet expected per-share earnings of 22 cents.
Revenue rose 3.7% to $2.99 billion, beating the $2.94 billion expected by analysts polled by FactSet.
The company’s Las Vegas segment saw 4% revenue growth, while its regional segment, the largest contributor to revenue, grew sales by 2.3%.
Write to Ben Glickman at [email protected]
