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Caesars Horrible 3rd Quarter 2013 Results
Wednesday October 30,2013 : ONLINE GAMBLING OPERATIONS A BRIGHT SPOT IN CAESAR'S THIRD QUARTER
But including corporate expenses in the category results in a significant operating loss.
The super-debt of US land gambling giant Caesars Entertainment, currently at around $23.8 billion, continued to weigh heavily on the group's third quarter results released this week.
The group posted a $761.4 million loss in the quarter, with debt servicing gobbling up $563 million from revenues that were just 0.7 percent up at $2.18 billion. Net [land] casino revenue sank 7.1 percent to $1.12 billion.
What could have been a bright spot was the interactive division of the company, but by dumping corporate expenses into that category the group turned this into an operating loss of $105 million.
The CIE category includes operations like the World Series of Poker and recent social gaming acquisitions like Buffalo Studios which appeared to perform well, delivering revenues up 18.5 percent at $240.1 million.
Gambling News :
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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