financetom
Business
financetom
/
Business
/
Caesars Entertainment swings to fourth-quarter profit on strong Las Vegas business
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Caesars Entertainment swings to fourth-quarter profit on strong Las Vegas business
Feb 25, 2025 2:56 PM

Feb 25 (Reuters) - Caesars Entertainment ( CZR ) on

Tuesday swung to a fourth-quarter profit from a year-ago loss,

driven by strong performance from its casino operations in Las

Vegas.

The Reno, Nevada-based casino operator, active in both

casino and online gambling segments, has seen a surge in

occupancy at its Las Vegas properties.

"As we look ahead to 2025, the brick and mortar operating

environment remains stable and we are expecting another year of

strong growth in our Digital segment," said CEO Tom Reeg.

Earlier this month, Wynn Resorts ( WYNN ) also beat

analysts' estimates for fourth-quarter results, driven by strong

business in Las Vegas and other regional properties.

The company posted a quarterly net income of $11 million, or

5 cents per share, compared to a loss of $72 million, or 34

cents per share, a year ago.

Caesars' revenue for the quarter ended December 31 came in

at $2.8 billion, compared with $2.83 billion a year ago.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
JetBlue Lowers Full-Year Revenue Guidance on Headwinds Tied to High Latin Capacity; Shares Tumble
JetBlue Lowers Full-Year Revenue Guidance on Headwinds Tied to High Latin Capacity; Shares Tumble
Apr 23, 2024
12:19 PM EDT, 04/23/2024 (MT Newswires) -- JetBlue Airways ( JBLU ) revised down its full-year revenue guidance to reflect elevated industry capacity in its Latin region while the airline's first-quarter results came in better than expected. JetBlue's ( JBLU ) Latin region represents 35% of total available seat miles, or ASMs, and is one of the most profitable markets...
Tesla launches performance variant of Model 3 compact sedan
Tesla launches performance variant of Model 3 compact sedan
Apr 23, 2024
April 23 (Reuters) - Tesla launched a performance variant of its Model 3 compact sedan in the United States at $52,990, the electric vehicle maker's website showed on Tuesday. (Reporting by Akash Sriram in Bengaluru; Editing by Shinjini Ganguli) ...
US CDC warns of harmful reactions to fake Botox injections
US CDC warns of harmful reactions to fake Botox injections
Apr 23, 2024
April 23 (Reuters) - The U.S. Centers for Disease Control and Prevention (CDC) on Tuesday alerted clinicians about risks of counterfeit versions of AbbVie's ( ABBV ) Botox that were given to consumers for cosmetic purposes in multiple states. The CDC, U.S. Food and Drug Administration (FDA) and state and local partners are investigating reports of harmful reactions among people...
Abitibi Metals Completes First Phase Of 50,000-Meter Drill Program at the B26 Polymetallic Deposit
Abitibi Metals Completes First Phase Of 50,000-Meter Drill Program at the B26 Polymetallic Deposit
Apr 23, 2024
12:19 PM EDT, 04/23/2024 (MT Newswires) -- Abitibi Metals ( AMQFF ) on Tuesday said it successfully completed its Phase 1 maiden drill program at the B26 Polymetallic Deposit in Quebec. The company in November entered into an option agreement on the B26 Polymetallic Deposit to earn 80% over 7 years from SOQUEM Inc., a subsidiary of Investissement Quebec. Forty-four...
Copyright 2023-2026 - www.financetom.com All Rights Reserved