Caesars Entertainment announced that it lost $1.2 billion in 2019.
The company made the announcement Tuesday. CDC Gaming Reports says that despite the loss, Caesars’ net revenues increased 4.2% to $8.74 billion in 2019.
Caesars currently operates nine Strip-area resorts, which are in the process of being sold to Eldorado Resorts later this year.
The 2019 losses followed a loss of $1.5 billion in 2018.