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