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Why Caesars Entertainment's Shares Popped 10.4% on Wednesday

Travis Hoium, The Motley Fool
·1-min read
Why Caesars Entertainment's Shares Popped 10.4% on Wednesday

Shares of Caesars Entertainment (NASDAQ: CZR) jumped as much as 10.4% in early trading on Wednesday after the company reported first-quarter 2021 financial results. Results include the merger with Eldorado Resorts completed last year and are still lumpy as casinos recover from the pandemic. The recovery in entertainment and gambling appears to be happening quickly, and Caesars has said that weekend rooms were already 85% full in the first quarter.

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