Caesars Entertainment Reports Q1 2017 Net Revenues Increased 1.4% YOY to $963 Million and a Net Loss of $524 Million Compared to $274 Million Q1 2016

Caesars Entertainment | May 3, 2017

LAS VEGAS, May 2, 2017 -- Caesars Entertainment Corporation (NASDAQ: CZR) today reported first quarter of 2017 results as summarized in the discussion below, which highlights certain GAAP and non-GAAP financial measures on a consolidated basis. First Quarter 2017 Net revenues for CEC increased 1.4% year-over-year to $963 million primarily attributable to strong growth in the Las Vegas region due to improved hotel performance. Net loss for CEC, before including the effect of noncontrolling interest, was $524 million compared with a net loss of $274 million in the first quarter of 2016 mainly due to a $466 million accrual related to th...