Caesars States Mixed Third Quarter Results, WSOP TV Ratings Also Mixed

Caesars States Mixed Third Quarter Results, WSOP TV Ratings Also Mixed

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 outcomes are mixed.

The parent business to Caesars Interactive Entertainment, the planet number of Poker and several casinos Planet that is including Hollywood Harrah’s New Orleans, and the Horseshoe Baltimore, CAC reported total new profits jumped to $601.2 million into the three months ended September 30, a rise of almost 24 percent.

Not all of the news had been good, CAC also revealing that its net income from continuing operations had been just $20.5 million, a 71 % drop year-on-year.

Caesars Acquisition’s CEO Mitch Garber had no qualms spinning 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 once 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 several social gaming web sites including Bingo Blitz, Slotomania, and Caesars Bingo.

‘Our Interactive Entertainment business continues to generate results that are ou Continue reading Caesars States Mixed Third Quarter Results, WSOP TV Ratings Also Mixed