LAS VEGAS (AP) _ Caesars Entertainment Corp. (CZR) on Wednesday reported fourth-quarter net income of $2 billion, after reporting a loss in the same period a year earlier.
The Las Vegas-based company said it had profit of $2.48 per share. Earnings, adjusted for pretax gains, were 14 cents per share.
The casino operator posted revenue of $1.9 billion in the period.
For the year, the company reported that its loss narrowed to $375 million, or $1.35 per share. Revenue was reported as $4.85 billion.
Caesars shares have fallen 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.50, an increase of 30 percent in the last 12 months.