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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 :

Anti Gambling bill S. 3376 - #s3376 Industry observers were taken by surprise late Friday when a little-known Republican Senator from Arkansas, Tom Cotton, filed the beginnings of a new bill in the US Senate Committee on the Judiciary in what appears to be a move to toughen the US legal stance on the Unlawful Internet Gaming Enforcement Act of 2006 and possibly the 1961 Wire Act.

2016 WPT Borgata Main Event Results - @MrJesseJames888 Four years ago the poker world watched as Jesse Sylvia and Greg Merson fought it out in the heads up of the World Series of Poker main event, with Sylvia narrowly defeated but taking home a second placing pay check for $5,292,889.

G-Sports debuts with the game Road Redemption - #esports Land, online and mobile gambling publisher Gamblit Gaming has debuted in the burgeoning eSports sector, unveiling its new eSports platform branded G-Sports with the hit PC and console game Road Redemption.

French licensed gambling operators lost $5M in 2015 - #france Numbers released by the French online gambling regulator ARJEL have illustrated the continued folly of a ring-fenced and restricted online gambling market saddled with a harsh and operator-unfriendly tax regime.

NO PRIVATISATION FOR ONTARIO LOTTERY - The privatisation of the Ontario provincial lottery will not go ahead despite proposals by major companies like IGT-GTech, Scientific Games and Rogers Communications submitted in response to the provincial government’s 2014 Request for Proposals.

Space Invaders wins Best Slot Product Award - The growing emphasis on skill-based slot machines that are more appealing to the millennial demographic has seen Scientific Games awarded a Best Slot accolade for its Space Invaders game at the 2016 Gaming and Technology Awards.

Loss Recovery Act has again been defeated in a class action lawsuit - #gameofwar Illinois notorious Loss Recovery Act has again been defeated in a class action lawsuit...this one emanating from in-game activity on a mobile social gaming video game.

NEW MARKETING CAMPAIGN FROM LADBROKES - The Ladbrokes land and online gambling group has launched its latest marketing campaign, with the first television advertisements ready to screen this Saturday.

Gamesys acquires Snowcat Games - London online gambling provider Gamesys has announced the acquisition of Estonian online gambling games developer Snowcat Games for an undisclosed consideration, noting that the deal will strengthen its development capabilities.

BetConstruct adds virtual sports products - The Golden Race package includes premium virtual content including; football, tennis, Real MMA Fighting, horse and greyhound racing, along with lotto and keno games content.

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