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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Travis Hoium has no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.