
World Series of Poker champ Joe McKeehen had a $7.68 million payday this week, the WSOP additionally helping the financials that are third-quarter Caesars.
Caesars Acquisition Company (CAC), the investment arm in Caesars Growth Partners (CGP), released its third quarter revenues for 2015 and the total results are mixed.
The parent business to Caesars Interactive Entertainment, the planet group of Poker and a few casinos including Planet Hollywood, Harrah’s New Orleans, therefore the Horseshoe Baltimore, CAC reported total new revenues jumped to $601.2 million in the three months ended September 30, a growth of almost 24 %.
Not most of the news ended up being good, CAC also revealing that its income that is net from operations had been simply $20.5 million, a 71 per cent drop year-on-year.
Caesars Acquisition’s CEO Mitch Garber had no qualms rotating the negatives into positives, saying his company remains ‚encouraged by the strong performance of our assets.’
Interactive Stays Active
The highlight of Q3 filing by CAC was again its Caesars Interactive Entertainment (CIE) arm, the division reporting $194.5 million in net revenues, a 20.4 percent yield compared to Q3 2014.
CIE is responsible for the WSOP brand along with Caesars Palace Las Vegas and lots of social video gaming web sites including Bingo Blitz, Slotomania, and Caesars Bingo.
‚Our Interactive Entertainment business continues to come up with outst(więcej…)