Caesars posts larger loss but Vegas a bright spot

Published May 7, 2014 11:25pm ET



LAS VEGAS (AP) — Caesars Entertainment on Wednesday reported a wider first-quarter loss as gambling revenue fell and the company’s casinos outside of Las Vegas faced stiffer competition and bad weather.

The Las Vegas-based company, which runs the Caesars, Harrah’s, and Horseshoe brands, has struggled since the recession, and has not posted a profit since 2009. It’s hobbled by its lack of a presence in the Chinese gambling enclave of Macau, which has been the center of the gambling world for years.

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