Digital growth helps Caesars reduce net loss in 2022
| By Robert Fletcher
Caesars Entertainment reported a reduced net loss for its 2022 financial year after growth within its digital business contributed to an increase in revenue.
The operator posted year-on-year growth across all its operating segments, although it was the digital segment that experienced the largest percentage increase during the 12 months to 31 December 2022.
The full-year results were also helped by what chief executive Tom Reeg said was a “strong” performance in the fourth quarter, during which the operator benefited significantly from its sportsbook offering.