Caesars Ent. Did Not Receive The Expected Income In The Fist Quarter Of 2018
Permits of caesars entertainment corp (cec) profits (cec) in the first three months of 2018 increased to $ 1.97 billion only thanks to the bankruptcy of the ceoc (ceoc).
After the adjusted profit took off to $ 518 million in the 1st quarter, the company’s net loss for the quarter decreased from $ 473 million to $ 34 million.
Cec mark frissor said that the results exceeded all the expectations, although cec receipts decreased by 2%, the income decreased by 3.4%, and the profit on the halls fell $ 2.
On thursday, the company announced the signing of an optional letter of intent, in accordance with which vici properties will pay $ 507.5 million for earth under octavius tower in caesars palace, las vegas, as well another $ 241.5 million for the moment land at the moment at the moment located casino harrah’s philadelphia. Moreover, the company annually undertakes to pay $ 35 million and $ 21 million for the relevant objects.
Recall: the board of directors of caesars entertainment corporation has allowed the purchase of ordinary shares of the company in the amount of $ 500 million.