Caesars Entertainment's (NASDAQ: CZR ) financial results continue to deteriorate along with the regional gaming market in the U.S. Revenue fell 1.9% in the first quarter and losses ballooned to $367 million.
Regional gaming continued to struggle, highlighted by an 81% drop in Atlantic Coast EBITDA. With $21 billion in debt hanging over it and uncertainty over whether the operating company can even stay solvent, this is a stock investors should be very wary of.
Caesars Acquisition Company (NASDAQ: CACQ ) may be a better bet, but without online gaming, there's limited upside there as well.
In the video below, gaming specialist Travis Hoium gives his thoughts on the recent results.
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