Why Caesars Holdings Shares Fell 12.6% on Monday
Shares of Caesars Holdings (NASDAQ: CZR) fell as much as 12.6% on Monday as investors continue to unload the new gambling giant. At 2 p.m. EDT shares were still down 12.1% on the day. Since the Eldorado/Caesars merger was completed last week, shares have lost about a quarter of their value.
The biggest news of the day is that hospitality workers have filed a lawsuit against casino operators in Las Vegas, claiming they weren't adequately protected from COVID-19. Workers claim that casinos didn't shut down food and beverage facilities or immediately inform workers of outbreaks.
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Source Fool.com
