Caesars Entertainment Inc
CZR: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| PF | LOCK|fh< | LOCK|$tnQLsLP |
Caesars Earnings: Soft Vegas Sales and Higher Long-Term Competition Reduce FVE to $52 From $61
Caesars' third-quarter revenue was flat, as softer Vegas industry visitation drove sales down 10% in the region. Digital revenue increased just 3% due to transitory lower industry hold. Recent renovations helped regional sales grow 6%. EBITDA was down 12%.
