Caesars Entertainment posts narrower first-quarter loss on sports betting surge
The Reno, Nevada-based company, which manages online gambling segments, has experienced a surge in its digital segment due to growth in retail sports betting. Revenue from its digital unit was at $335 million, up from $282 million a year earlier. Caesars posted a quarterly net loss of $115 million, or 54 cents per share, compared to a loss of $158 million, or 73 cents per share, a year ago.