(Reuters) – The operator of Casino Caesars Entertainment published a closer loss on Tuesday, motivated by solid performance in its digital unit in the middle of a strong demand for sports betting.
The company based in Reno, Nevada, which manages online game segments, has increased its digital segment due to the growth of retailing sports betting.
The company’s shares increased up to 3% after the bell.
The income from its digital unit was $ 335 million, compared to $ 282 million a year earlier.
Caesars posted a quarterly net loss of $ 115 million, or 54 cents per share, against a loss of $ 158 million, or 73 cents per share, a year ago.
Caesars’ income for the closed quarter on March 31 reached $ 2.79 billion, compared to $ 2.74 billion a year ago.
(Report by Anshuman Tripathy in Bengaluru; edition by Tasim Zahid)