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Caesars third quarter revenue rose 20.4 percent
Wednesday November 11,2015 : CAESARS INTERACTIVE DELIVERS ROBUST QUARTERLY RESULTS.
Highest-ever quarterly revenue. Social and mobile continue to impress.
Caesars Interactive Entertainment (CIE) hailed its social casino business as third quarter revenue rose 20.4 percent.
Key performance indicators in the Interactive business for the three months ending September 30, 2014 include:
- Net revenue of $194.5 million (Q3/2014: $161.6 million), up 20.4 percent. Of which $183.5 million attributed to social and mobile and $11 million to WSOP and online real money gaming.
- Income from operations increased 111.4 percent, $22.4 million than Q3/2014 to $20.1 million.
- Adjusted EBITDA amounted to $72.7 million, up 36.1 percent (Q3/2014: $53.4 million).
"Caesars Growth Partners, LLC reported another great quarter driven by growth in both of our business units," said Mitch Garber, chief executive officer of Caesars Acquisition Company. "Our Interactive Entertainment business continues to generate outstanding results, primarily from our market leading social and mobile games business.”
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Ninja Power Slot Launched By Slotland -
I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.
WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? -
The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.
Stephen Conroy appointed head of new responsible gambling grou -
Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.
SquwaKa To Enter sports betting sector -
Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.
RaceBets Acquired by Betsson -
Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.
Playtech buys back 780,000 shares -
Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.
Cash In Roulette -
The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.
EveryMatrix in game deal with Endorphina -
#EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.
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