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Caesars Entertainment Plans To Offset Labor Costs With Cuts In Comps

Caesars Entertainment Corp. said it expects to offset $80 million in increased labor costs this year with corporate layoffs and fewer comps and giveaways.

Caesars has already cut property level employment by 12 percent since 2014.

In an earnings call with Wall Street analysts, CFO Eric Hession said the company anticipates being able to successfully offset the $80 million in labor headwinds.

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