Digital growth helps Caesars cut net loss in Q1
| By Robert Fletcher
Caesars Entertainment cut its net loss by 80.0% during the first quarter of 2022 following a 23.5% increase in revenue, driven by growth in Las Vegas and its digital business.
Revenue was higher across all segments for the three months to 31 March, with one of the main highlights for Caesars being its digital business reporting positive revenue. Last year, the operator posted a loss for the division.
Caesars also reported growth within its Las Vegas segment, to the point that the division was able to significantly close the gap on its regional operations division, which remains its primary source of revenue in Q1.