Caesars CEO: 1st quarter best since 2008
By J.D. Morris, Las Vegas Sun
Caesars Entertainment, the casino giant that controls Harrah’s Lake Tahoe and Harveys in Stateline, reported its first-quarter earnings Wednesday.
Revenue: $2.2 billion, up 8.8 percent from the first quarter of last year.
That includes financial results from the company’s division Caesars Entertainment Operating Co., which filed for bankruptcy on Jan. 15. Caesars disclosed the figure in supplemental information May 6, but the company has actually deconsolidated the operating division from its main financial results because of the bankruptcy.