Caesars Shares Fall Most in Three Years Following ‘Soft Summer’

Caesars Entertainment Inc. shares fell the most since June 2022 after the company, a major operator of resort casinos, reported third-quarter results that fell short of Wall Street estimates.

Sales at the Caesars’ Las Vegas properties declined 9.8% in the quarter, Caesars said Tuesday after markets closed, leaving revenue little changed companywide for the period. Adjusted earnings missed analysts’ estimates.