Caesars Stock Gains as Market Eyes Vegas Demand and Deal Chatter
Caesars Entertainment shares closed at $28.47 Friday, up 2.04% on the day and about 2.4% for the week, ahead of a three-day U.S. market break for Memorial Day. The company reported first-quarter net revenue of $2.87 billion and a net loss of $98 million. Caesars outperformed gaming peers MGM Resorts, Las Vegas Sands, and DraftKings on Friday. Exclusive takeover talks with Tilman Fertitta reportedly continue.