OTHER NEWS - June 14, 1994
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From Times Staff and Wire Reports
Caesars World Inc. Expects Lower Profit: The Los Angeles-based company predicted a “substantial reduction” in net income for the fourth quarter ending July 31 compared to the same quarter a year ago, when it was $25,686,000, or $1.04 a share. The company attributed the decline to “recent unusually large losses to a small number of long-term table game customers” in Nevada. The company estimated the losses to those customers at more than $18 million.
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