Caesars currently holds over $24 billion in debt.
Caesars Interactive Entertainment (CIE), as part of Caesars Growth Partners (CGP), has been lauded being a spot that is bright the Caesars brand. At a time as soon as the company is dealing with tremendous financial obligation and lawsuits with bondholders, CGP is overseeing online operations and other areas of growth as an ingredient of the strategy to reorganize Caesars and make the business’s funds sustainable for the long haul. It is a bit early to state if that is going to get results, but one this will be clear: CIE is unquestionably holding up their part of the deal.
Into the first 50 % of 2014, CIE brought in $268.8 million, an enhance of almost 90 % within the $142.1 million they earned last year. The enhance was slightly more dramatic in the quarter that is second, with web revenues up more than 95 percent to $144.6 million.
Positive Money Flow for CIE
At the moment, CIE is still posting losings for the 12 months. The company is down $16 million for 2014, though that’s still a marked improvement over the $27.1 million they lost into the first 1 / 2 of 2013. But with 20.5 million in profits in the second quarter, it’s quite feasible that the company might be in the black colored by the end of the season.
‘With the Interactive Entertainment segment generating cash that is positive, we remain confident that our strategy to build up new proje Continue reading “Caesars Interactive Grows, But Caesars Overall Nevertheless Stalled”