World Series of Poker champ Joe McKeehen had a $7.68 million payday this week, the WSOP also helping the financials that are third-quarter Caesars.
Caesars Acquisition Company (CAC), the investment arm in Caesars Growth Partners (CGP), released its third quarter profits for 2015 and the total results are mixed.
The parent business to Caesars Interactive Entertainment, the World Series of Poker and several casinos Planet that is including Hollywood Harrah’s New Orleans, as well as the Horseshoe Baltimore, CAC reported total new revenues jumped to $601.2 million in the three months ended September 30, an increase of almost 24 per cent.
Not all the news had been good, CAC also revealing that its income that is net from operations ended up being simply $20.5 million, a 71 % drop year-on-year.
Caesars Acquisition’s CEO Mitch Garber had no qualms spinning the negatives into positives, saying their organization remains ‚encouraged by the strong performance of our assets.‘
Interactive Stays Active
The highlight of Q3 filing by CAC was yet again its Caesars Interactive Entertainment (CIE) supply, 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 many gaming that is social including Bingo Blitz, Slotomania, and Caesars Bingo.
‚Our Interactive Entertainment business continues to come up with ou „Caesars Reports Mixed Third Quarter Results, WSOP TV Ratings Also Mixed“ weiterlesen