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Caesars Entertainment Inc. reported a surprising loss Tuesday, sending shares lower in after-hours trading, but the stock rebounded after executives outlined plans to reduce a massive debt load that includes the sale of a casino on the Las Vegas Strip.
Caesars CZR on Tuesday reported a third-quarter loss of $233 million, or $1.10 a share, after posting a loss of $6.09 a year ago. Net revenue totaled $2.69 billion, up from $1.38 billion a year ago. Analysts on average expected a profit of 16 cents a share on net revenue of…
