Caesars Posts 4Q Loss

Caesars Entertainment Corp. reported a quarterly loss Feb. 25 as gaming aficionados still kept a tight watch on their disposable income.

However, Caesars said Las Vegas is showing signs of stabilizing while Atlantic City still struggles.

The world’s largest casino operator said it lost $196.7 million for the period ended Dec. 31, compared with a net income of $295.6 million a year earlier that included a substantial one-time benefit.

The privately held Caesars said its quarterly revenue rose 1 percent to $2.12 billion from $2.1 billion. Its full-year revenue fell 1 percent.

The company said buying the Planet Hollywood casino-resort in Vegas in Feb. 2010 boosted its net income but lower consumer spending hurt it.