Digital business offsets weakness at Las Vegas casinos
- Caesars Entertainment’s loss narrowed in 4Q
- Digital business offset weakness at Las Vegas casinos
- Loss of $72 million, compared to $148 million a year earlier
- Revenue was roughly flat at $2.825 billion
- Caesars’ Las Vegas business revenue down slightly, while revenue from Caesars Digital was up
- Regional revenue was roughly flat
Caesars Entertainment reported a narrower loss in the fourth quarter, thanks to the growth of its digital business which offset the weakness at its Las Vegas casinos. The company posted a loss of $72 million, compared to a loss of $148 million in the same period last year. Analysts had expected per-share earnings of 2 cents, but the company fell short of that with a loss of 34 cents per share. Despite the flat revenue of $2.825 billion, Caesars’ Las Vegas business saw a slight decline in revenue, while revenue from Caesars Digital increased. Regional revenue remained relatively unchanged.
Factuality Level: 8
Factuality Justification: The article provides a straightforward report on Caesars Entertainment’s financial performance in the fourth quarter, including details on the company’s loss, revenue, and performance in different segments. The information is clear, relevant, and based on factual data without any apparent bias or misleading content.
Noise Level: 3
Noise Justification: The article provides relevant information about Caesars Entertainment’s financial performance in the fourth quarter, including details about the company’s loss, revenue, and performance of its different business segments. The article stays on topic and supports its claims with data. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people, which prevents it from scoring higher on the noise level rating.
Financial Relevance: Yes
Financial Markets Impacted: Caesars Entertainment
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Caesars Entertainment, a casino operator. It mentions the company’s loss narrowing in the fourth quarter and the performance of its digital business offsetting weakness at its Las Vegas casinos. There is no mention of an extreme event or its impact.
Public Companies: Caesars Entertainment (CZR)
Key People:
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