Quarterly Net Losses Increase by 50% at Caesars Entertainment Corporation
Key Takeaways
  • Losses of $761m are reported in Caesars Q3 results.
  • CEO Gary Loveman finds the Massachusetts Gaming Commission position “extraordinary.”
  • He is optimistic about the potential for online poker expanding to more states.
  • CIE reported revenues up $28.9 million, or 46.3% but the gain was attributable to social gaming not to real money poker.

The third quarter results from Caesars Entertainment Corporation have shown a weak financial position. Net losses attributable have increased from $505.5m to $761.4m.