What happened 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. Shares settled down slightly as the day went on and closed up 7.8%. So what Net revenue for the quarter was $1.7 billion, but net loss was $423 million, or $2.03 per share. Results include the merger with Eldorado Resorts completed last year and are still lumpy as casinos recover from the pandemic. Image source: Getty Images. What investors were focused on more than the numbers was management's comments about what the rest of the year looks like for entertainment stocks. CEO Tom Reeg said he expects the company to generate at least $1 billion in EBITDA -- earnings before interest, taxes, depreciation, and amortization -- in at least one quarter this year. That would be an amazing accomplishment given casinos were shut down a year ago. Now what 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. And like other companies, Caesars is seeing larger event demand picking up for the second half of the year. Given management's bullish comments for the rest of the year, investors are bidding up shares, and the stock's strong run could continue if results continue to improve. 10 stocks we like better than Caesars Entertainment, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Caesars Entertainment, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source