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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 total outcomes are mixed.

The parent company to Caesars Interactive Entertainment, the World variety of Poker and a few casinos including Planet Hollywood, Harrah’s New Orleans, while the Horseshoe Baltimore, CAC reported total new revenues jumped to $601.2 million into the three months finished September 30, an increase of almost 24 per cent.

Not all of the news was good, CAC also revealing that its income that is net from operations had been 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 performance that is strong of assets.’

Interactive Stays Active

The highlight of Q3 filing by CAC was yet 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 name along with Caesars Palace Las Vegas and several social video gaming internet sites including Bingo Blitz, Slotomania, and Caesars Bingo.

‘Our Interactive Entertainment business continues to g Continue reading Caesars States Mixed Third Quarter Results, WSOP TV Ratings Also Mixed

Washington State On The Web Poker and DFS Bills Introduced

Washington State On The Web Poker and DFS Bills Introduced

Representative Sherry Appleton has resurrected her online poker bill, which did not gain traction year that is last.

Washington State’s online poker and fantasy that is daily (DFS) bills are resurrected today, on ab muscles first day associated with the state’s legislative session, January 13th. The two bills are identical to legislation introduced a year ago that failed to gain traction within the legislature.

Representatives Sherry Appleton’s and Vincent Buys’ HB1114 seeks to authorize and control real-money online poker in circumstances that was one of the first to specifically ban gaming that is online.

In fact, Washington could be the only state where merely playing online poker could, at least theoretically, enable you to get locked up.

Lawmakers forbidden online gaming in 2006 in the wake of the passage associated with federal Internet that is unlawful Gambling Act (UIGEA), and made it a course C felony.

Part 9.46.240 of hawaii’s gambling law declares that anyone who ‘knowingly transmits or receives gambling information by telephone, telegraph, radio, semaphore, the Web, a telecom transmission system, or means that are similar is violating what the law states.

Grassroots Push

This implies that the simple act of playing online poker could include a prison sentence as high as five years and a $10,000 fine, although no body has ever been prosecuted under this law, we ought to point out.

Nonetheless, numerous see th Continue reading Washington State On The Web Poker and DFS Bills Introduced