Why Caesars Entertainment Shares Popped 10.9% on Friday

Travis Hoium, The Motley Fool
·2-min read
Why Caesars Entertainment Shares Popped 10.9% on Friday

Shares of casino giant Caesars Entertainment (NASDAQ: CZR) jumped as much as 10.9% in trading on Friday after the company announced fourth-quarter 2020 financial results. Revenue of $1.5 billion was up 152.9% from a year ago after the Eldorado Resorts merger was completed. What investors were more focused on was management's comments about a recovery in the resort and casino business.