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

February 26, 2020 Casino Room Casino  No comments

￯﾿テ￯ᄒᆵ￯﾿ツ￯ᄒᄏ￯﾿ツ￯ᄒ﾿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 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 results are mixed.

The moms and dad business to Caesars Interactive Entertainment, the World number of Poker and a few casinos Planet that is including Hollywood Harrah’s New Orleans, therefore the Horseshoe Baltimore, CAC reported total new profits jumped to $601.2 million within the three months finished September 30, a growth of almost 24 percent.

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

Caesars Acquisition’s CEO Mitch Garber had no qualms spinning the negatives into positives, saying their company remains ‘encouraged by the strong performance of our assets.’

Interactive Stays Active

The highlight of Q3 filing by CAC was once more 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 lots of social gaming web sites including Bingo Blitz, Slotomania, and Caesars Bingo.

‘Our Interactive Entertainment business continues to build outstanding results, primarily fro...

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