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Caesars Entertainment Corporation Q1-2015 Report
Thursday May 7,2015 : ONLINE OPERATIONS PROSPER AT CAESARS ENTERTAINMENT
Caesars Interactive Entertainment the star of the Q1 show.
The Caesars Interactive Entertainment online subsidiary of Caesars Entertainment Corporation proved to be the star of the group's diluted first quarter show this week, posting a stellar performance in social, mobile and online gambling operations.
CIE achieved adjusted earnings of $62.6 million, a rise of 101.3 percent, whilst operating income boomed 666 percent to $40.6 million and net income from continuing operations soared 992 percent to $27.3 million.
Management attributed the outstanding growth to increased activity in mobile and social gaming, with a stellar contribution from Pacific Interactive in its first full year with the group. Revenues from social and mobile increased by 44 percent to $167.6 million, and online gambling in regulated US states Nevada and New Jersey was up 6 percent at $9 million.
Virtual product sales on CIE social and mobile operations have risen, with 4.3 percent of average monthly users buying - an increase of almost 134 percent year-on-year.
ARPU (average revenue per user) was up 29 percent to 31 cents, and the number of daily active users increased 6 percent to 6,061.
On a wider group basis, Caesars Entertainment Corporation posted three-month revenues for the first quarter of $1.1 billion - a 21 percent rise y-o-y.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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