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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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