Feb 25 (Reuters) - Caesars Entertainment CZR.O 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.O 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.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Krishna Chandra Eluri and Alan Barona)
((Anshuman.Tripathy@thomsonreuters.com))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。