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Positive Results for Caesars Interactive Division

Wednesday, February 24, 2016 :  INTERACTIVE DIVISION MAKES A SOLID CONTRIBUTION TO CAESARS 2015 RESULTS
 
CIE posts a 30.5 percent increase in net revenues for 2015 to $766 million, while adjusted EBITDA grew 62.6 percent for the full year.
 
FY 2015 results posted by Caesars Entertainment reveal that net revenues increased 14.7 percent to $4.5 billion driven by increased performance of the hospitality offerings and Caesar Interactive’s social and mobile games business.
 
"Caesars achieved solid operating momentum throughout 2015. Including CEOC's results, the enterprise experienced its best full-year of operating results since 2007," said Mark Frissora, president and chief executive officer of the group.
 
Full-year adjusted EBITDA grew 46.1 percent year on year to $1.3 billion, driven by the increase in net revenue, marketing and operational efficiencies and improved hotel customer mix.
 
"These results largely reflect higher hotel revenues, with cash ADR up double-digits, and increased marketing and operational efficiencies, which delivered approximately $350 million in incremental EBITDA enterprise-wide year-over-year,” Frissora reported.
 
Caesars Interactive reported a 30.5 percent increase in net revenues for 2015 to $766 million, while adjusted EBITDA grew 62.6 percent for the full year.
 
“CIE has continued to experience strong organic growth in social and mobile games due to the focus on increasing monthly unique paying users and the monetization of those users,” the report notes, highlighting online performance figures:
 
* Q4-2015 revenue up a third y-o-y at $209.2 million, with social gaming subsidiary Playtika umbrella delivering the major portion at $198.8 million;
 
* Average active daily users on Playtika's social casino games were up 11 percent in the quarter, and average monthly unique users rose 15 percent;
 
* Conversion rates turning social players into paying players improved significantly, with average monthly unique real-money players soaring 30.4 percent generating average revenue per user up 6 cents to 34 cents;
 
* Revenue from real-money online gambling activity in the quarter in regulated Nevada and New Jersey rose $1.4 million to $10.4 million, with adjusted earnings up 62.6 percent to $78 million;
 
* For the full year, CIE reported revenue up 30.6 percent to $785.5 million, and earnings up just short of 60 percent at $282.7 million as a result of reduced expenditure on real-money online gambling marketing;

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Gambling News :

HeyPoker Closing - The operator is licensed by the UK Gambling Commission and the Malta Gaming Authority, with the registering company listed as Evoke Gaming Ltd.

Can Jack Lam Make Things Right in Philippines - Lam will no doubt seriously consider the offer, having lost access to his Philippines businesses and with charges of attempted bribery and "economic sabotage" and an arrest warrant hanging over his head .

PPA Wants pre-emptive strike against RAWA - It's not just civic associations that are warning against the introduction of a federal ban on online gambling in a denial of states' rights . The Poker Players Alliance action group has begun mustering its over a million US members in a campaign as well.

UK Wants Fixed Odds Betting Terminals Changes - The group, titled FOBT All-Party Parliamentary Group plans to release its full report early in the new year, but for now has claimed that changes to FOBT regulations could help in reducing "associated crime" and problem gambling.

Sportech Wins 8 Year Old VAT case - An eight-year long, GBP 97 million VAT repayment claim dispute between Sportech PLC and HM Revenue and Customs (HMRC) has come to an end with the Supreme Court refusing HMRC permission to appeal a previous Court of Appeal ruling.

2017 MPN Poker Tour - Main Event packages, worth €1,500, are available online and players can qualify via any of the MPN participating card rooms through a variety of satellites, with buy-ins starting as low as €0.25. Each €1,500 package includes:

Realistic Games in deal with Kindred Group - The UK-based online gambling games developer Realistic Games has signed a deal to supply its games to online operator Kindred Group, parent company of quality brands that include Unibet, Stan James and Maria Casino.

Opposition to Anti Online Gambling Bill in Congress Lame Duck Session - Action groups appeal to House Appropriations Subcommittee to ensure that RAWA style language is not attached to unrelated spending bill.

DFS banning bill Introduced in Illinois - The legislative season in Illinois may be drawing to a close, but that hasn't stopped a new bid to ban daily fantasy sports from being assigned to the House Executive Committee; whether there is sufficient time to pass the bill is a matter for speculation.

Cambodia To More Closely Control Online Gambling - Cambodia, where online #gambling is operated by licensed land casinos alone, and Cambodian punters are banned from participating, is to tighten monitoring, control and management of the activity by setting up a centralized server, a Ministry of the Economy official revealed this week in a media interview.

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