Caesars Acquisition Company (CAC), the investment arm in Caesars Growth Partners (CGP), released its third quarter revenues for 2015 and the outcomes are mixed.

The moms and dad company to Caesars Interactive Entertainment, the World number of Poker and several casinos Planet that is including Hollywood Harrah’s New Orleans, plus the Horseshoe Baltimore, CAC reported total new profits jumped to $601.2 million within the three months finished September 30, a rise of nearly 24 %.

Not all 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 rotating the negatives into positives, saying his company remains ‘encouraged by the strong performance of our assets.’

Interactive Stays Active

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

‘Our Interactive Entertainment business continues to build results that are outstanding mai Read More