Caesars CEO Bullish On Vegas Recovery

  • Caesars Entertainment posts third-quarter net loss of $926m
  • William Hill shareholders to vote on Caesars takeover next month
  • Company to divest more Indiana casinos in 2020

Despite a challenging operating environment, Caesars Entertainment’s CEO on Thursday said the company has not talked about following Las Vegas competitors in shutting down any of its properties midweek.

“We’re not talking about shutting down properties. We're reopening additional properties,” CEO Tom Reeg said.

As of Thursday, 55 out of 56 Caesars casinos have now reopened and operating results continue to improve sequentially, Reeg told analysts during a conference call to discuss third-quarter earnings.

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