Edition:
India

Caesars Entertainment Reports Q1 Loss Per Share $0.32


Thursday, 2 May 2019 

May 1 (Reuters) - Caesars Entertainment Corp ::CAESARS ENTERTAINMENT REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2019.Q1 LOSS PER SHARE $0.32.Q1 REVENUE $2.12 BILLION VERSUS REFINITIV IBES ESTIMATE OF $2.08 BILLION.Q1 EARNINGS PER SHARE ESTIMATE $-0.18 -- REFINITIV IBES DATA.ENTERED INTO A MULTI-STATE AGREEMENT WITH DRAFTKINGS FOR ONLINE SPORTS BETTING.NET REVENUES INCREASE DRIVEN PRIMARILY BY $52 MILLION RISE IN LAS VEGAS NET REVENUE, $84 MILLION INCREASE IN OTHER U.S. NET REVENUE.EXCLUDING CENTAUR, QTRLY OTHER U.S. NET REVENUE DOWN $42 MILLION PRIMARILY DUE TO INCREASED COMPETITION IN ATLANTIC CITY.WEATHER NEGATIVELY IMPACTED OTHER U.S. NET REVENUES IN Q1 BY APPROXIMATELY $32 MILLION.QTRLY LAS VEGAS ADR INCREASED 2.1% WHILE REVPAR INCREASED 4.9%.LAS VEGAS OCCUPANCY WAS 95.0% IN QUARTER, UP FROM 92.5% IN 2018.