RENO, Nev. (AP) — RENO, Nev. (AP) — Caesars Entertainment, Inc. (CZR) on Tuesday reported a loss of $158 million in its first quarter.

On a per-share basis, the Reno, Nevada-based company said it had a loss of 73 cents. Losses, adjusted to extinguish debt, were 55 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The casino and resort operator posted revenue of $2.74 billion in the period, which also missed Street forecasts. Eight analysts surveyed by Zacks expected $2.82 billion.

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