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Caesars Interactive Grows, But Caesars Overall Still Stalled

Caesars currently holds over $24 billion in debt.

Caesars Interactive Entertainment (CIE), as a part of Caesars Growth Partners (CGP), has been lauded being a spot that is bright the Caesars brand. At a time if the company is working with tremendous debt and lawsuits with bondholders, CGP is overseeing online operations as well as other areas of growth as an ingredient of a strategy to reorganize Caesars and result in the business’s finances sustainable for the long haul. It’s a bit early to express if that’s going to the office, but one this will be clear: CIE is definitely holding up their part of the deal.

Within the very first half of 2014, CIE brought in $268.8 million, an enhance of nearly 90 percent over the $142.1 million they brought in final year. The increase ended up being slightly more dramatic in the 2nd quarter alone, with net revenues up more than 95 percent to $144.6 million.

Positive Cash Flow for CIE

At this time, CIE is losses that are still posting the year. The business is down $16 million for 2014, though that is still an improvement over the $27.1 million they lost within the half that is first of. But with 20.5 million in profits in the quarter that is second it’s quite possible that the business could be in the black colored by the end of the season.

‘With the Interactive Entertainment segment generating good cash flow, we remain confident that our strategy to produce brand new p Read more »