May 11, 2020 / 8:14 PM / 22 days ago

Casino operator Caesars posts 13.6% drop in revenue on pandemic woes

May 11 (Reuters) - Caesars Entertainment Corp posted a 13.6% fall in quarterly revenue on Monday, as the coronavirus-led lockdowns resulted in shutdown of some its casinos and kept people away from gaming tables.

Net revenue fell to $1.83 billion from $2.12 billion a year earlier.

Net income attributable to Caesars was $189 million in quarter ended March 31 compared with a loss of $217 million a year earlier.

On a per share basis, its loss rose to 36 cents per share from 32 cents per share a year ago.

The casino operator said it plans to restart operations at some properties when permitted by applicable government or tribal bodies. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Arun Koyyur)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below