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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.
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Gambling News :
Local Florida Poker Pros Scam Marc Klang For $500k -
Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.
Super Multitimes Progressive HD Slot -
This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.
2017 Aussie Milliona Updates Events 2,3,4 -
Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.
Juventus name VWin as Partner -
“We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.
Luckia Group 2016 Results -
The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.
Fire Rooster Slot Launches -
This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.
n2-Live Updates -
The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”
Betfred FY 2016 -
Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
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