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.