Caesars World Inc.: The casino hotel company...
From Times Staff and Wire Reports
Caesars World Inc.: The casino hotel company said first-quarter earnings fell 23% to $17.5 million. Revenue totaled $225.7 million, down 2% from the same period a year ago. The Los Angeles-based company said gambling volume increased in all three of its hotel casinos. But those gains were more than offset by lower overall win percentages, disruptions from expansion programs in Las Vegas, higher marketing and payroll costs and a rise in bad debt provisions.
