Caesars Entertainment reports 3Q loss

By Associated Press

Caesars Entertainment Corp. on Monday reported a loss of $643 million in its third quarter.

The Las Vegas-based company said it had a loss of $4.38 per share. Losses, adjusted to account for discontinued operations, came to $26.80 per share.

The casino operator posted revenue of $986 million in the period.

Caesars shares have fallen 13 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.90, a decline of 22 percent in the last 12 months.

Caesars is the parent company of Harrah’s Lake Tahoe and Harveys in Stateline.