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    Home»Entertainment»Caesars Entertainment posts narrower first-quarter loss on sports betting surge
    Entertainment

    Caesars Entertainment posts narrower first-quarter loss on sports betting surge

    AdminBy AdminNo Comments1 Min Read
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    The Reno, Nevada-based company, which manages online gambling segments, has experienced a surge in its digital segment due to growth in retail sports betting. Revenue from its digital unit was at $335 million, up from $282 million a year earlier. Caesars posted a quarterly net loss of $115 million, or 54 cents per share, compared to a loss of $158 million, or 73 cents per share, a year ago.
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