Caesars World’s first-quarter net income fell 23%...
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Caesars World’s first-quarter net income fell 23% to $22.7 million, compared to the year-ago period. Revenue for the Los Angeles-based resort hotel and casino operator rose 3.2% to $230.8 million. Net income was affected by the company’s purchase of 11 million shares of its common stock during the first quarter of fiscal 1988. As a result, the company said, interest costs for the quarter more than doubled to $13.6 million from a year ago.
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