Pennsylvania-based Quaker Capital Investments increased its stake in Caesars Entertainment by 279,390 shares in the third quarter, with a position value change of $6.46 million. As of September 30, the fund held 1.08 million shares valued at $29.28 million. Caesars Entertainment’s shares were priced at $23.39 on Thursday. The company’s revenue for the trailing twelve months was $11.37 billion, with a net loss of $241 million. Caesars operates casinos, hotels, and digital platforms, targeting leisure travelers, gaming enthusiasts, and online bettors. Despite a recent slide in share price, the company remains focused on reducing leverage and enhancing its digital presence.

Read more at Nasdaq: Caesars Stock Down 30% This Past Year but One Fund Is Wagering $29 Million on a Turnaround