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Record Earning Results for Caesars
Tuesday November 11,2014 : CAESARS INTERACTIVE TURNS IN RECORD RESULTS
Buoyed by social and mobile platform growth
The Interactive Entertainment division of Caesars Growth Partners LLC (CIE) reported strong revenue growth of 104.8 percent and adjusted EBITDA up 74.5 percent year over year during its third quarter and nine month to September 30, 2014 results.
CIE's good fortunes were primarily led by the division's social and mobile games business along with the acquisition of Pacific Interactive in the first quarter of 2014, chief executive officer Mitch Garber said.
Key performance highlights for the period include:
- Social and mobile games revenues of $151.3 million (Q3/2013: $74.7 million)
- WSOP and online money gaming revenues of $10.3 million (Q3/2013: $4.2 million)
- Total revenues of $161.6 million (Q3/2013: $78.9 million)
During the third quarter of 2014, CIE's social and mobile games business had approximately 595 thousand Average Monthly Unique Payers across its mobile and social platforms who purchased virtual goods, an increase of approximately 160 basis points year over year, the company revealed.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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