Caesars' Gary Loveman: Spending Levels Are Trending In "Right Direction"

Caesars Entertainment CEO Gary Loveman told CNBC that he believes that spending levels are trending in the “right direction for a change,” but are not yet where they were before the economic crisis.

“The business we're seeing now is improving,” he said.

Loveman also said that he believed that non-gaming revenue would be a driver of growth, and that Caesars needs to “deleverage earnings growth.”

Further, Loveman is positive on the private ownership of the firm during this period of the company's development. “The level of collegiality has been terrific,” Loveman said.

Finally, Loveman said that some “catalyst” would be needed for an IPO.