« News index »
CAESARS INTERACTIVE TURNS IN RECORD RESULTS
11th November, 2014 at 15:43:15
Buoyed by social and mobile platform growth
The Interactive Entertainment division of Caesars Growth Partners LLC (CIE) reported strong revenue growth of 104.8% and adjusted EBITDA up 74.5% year over year during its third quarter and nine month to September 30, 2014 results.
CIE's good fortunes were primarily led by the division's social and mobile games business along with the acquisition of Pacific Interactive in the first quarter of 2014, chief executive officer Mitch Garber said.
Key performance highlights for the period include:
- Social and mobile games revenues of $151.3 million (Q3/2013: $74.7 million) - WSOP and online money gaming revenues of $10.3 million (Q3/2013: $4.2 million) - Total revenues of $161.6 million (Q3/2013: $78.9 million)
During the third quarter of 2014, CIE's social and mobile games business had approximately 595 thousand Average Monthly Unique Payers across its mobile and social platforms who purchased virtual goods, an increase of approximately 160 basis points year over year, the company revealed.
Related News Tags: Mobile Gambling, Wsop
MARATHONBET LAUNCH MOBILE CASINO CHANNEL FOR UK MARKET
22nd March, 2017 at 12:01:49
Caters to ever increasing play on the go.
LAND CASINO INVESTOR BUYS MOBILE APP COMPANY
20th March, 2017 at 07:18:24
Is Amax planning on expanding its land asset?
NEW ONLINE CASINO FANTASINO LAUNCHED BY EVERYMATRIX
16th March, 2017 at 16:15:59
Fantasy-themed site is multi-currency and multi-lingual
RESPIN CLINCH FIRST TIER 1 US CASINO DEAL
15th March, 2017 at 16:08:44
For launch of Rapid Games in-venue mobile games platform.
WILLIAM HILL TO TAKE iSOFTBET ONLINE CONTENT ON BOARD
23rd February, 2017 at 15:21:29
Full portfolio of HTML5 games to be supplied.