LAS VEGAS (AP) — Casino operator Caesars Entertainment Corp. posted a smaller loss for its first quarter on Wednesday, but results still missed expectations as a drop in visitors dragged down revenue.

Caesars owns or manages more than 50 casinos, most of them in the U.S. and Britain. In addition to its Las Vegas and Atlantic City, N.J., resorts, Caesars operates properties in Indiana, Louisiana and several other states. U.S. casinos, however, are struggling with the sluggish economic recovery, and Caesars is the only major U.S. casino company without a presence in the Chinese gambling enclave of Macau. Rival gaming companies Wynn Resorts Ltd. and Las Vegas Sands have both reported gains for the first three months of the year, helped by their lucrative Macau properties.