July 29 (Reuters) - Casino operator Caesars

Entertainment ( CZR ) posted a narrower loss for the second

quarter on Tuesday, as high demand for sports betting drove

strong performance in its digital unit.

The Reno, Nevada-based casino operator, which also runs

online gambling businesses, has seen a surge in its digital

segment amid growth in retail sports betting unit Caesars

Digital.

The segment, which accounted for 10% of the company's total

revenue in 2024, also includes retail and online sports betting,

iGaming, poker and horse racing.

Revenue from its digital unit was at $343 million, up 24%

from $276 million a year earlier. Analysts estimated $322.9

million, according to data compiled by LSEG.

Caesars posted a quarterly net loss of $82 million, or 39

cents per share, compared with a loss of $122 million, or 56

cents per share, a year ago.

Caesars' net revenue for the quarter ended June 30 was $2.9

billion, compared with $2.83 billion a year earlier.