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Caesars Interactive Entertainment Revenues up 50 percent
Friday May 9,2014 : INTERACTIVE OPERATIONS THE BRIGHT SPOT IN CAESARS FIRST QUARTER
Net revenues for Q1-2014 up almost 50 percent y-o-y.
The overall Q1-2014 group results for US gambling giant Caesars Entertainment may have been less than stellar, but the company's Caesars Interactive Entertainment division led by Mitch Garber turned in a creditable performance, boosting net revenues by almost 50 percent year-on-year to $124.2 million.
Growth in social and mobile operations, along with the $90 million acquisition of Pacific Interactive made notable contributions to the company's results. Pacific Interactive joins other interactive firms in the CIE stable Playtika and Buffalo Studios.
Commenting on the results of Caesars Growth Partners - the corporate division under which CIE falls - Garber said:
“CIE closed its fourth social game acquisition in four years....we believe these additions to the business coupled with ongoing investments to expand the interactive business bode well for CGP’s future outlook.”
Garber said that Caesars will continue to expand in the social sector, and has hopes for further real-money online gambling breakthroughs in the United States as the legal situation evolves.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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