Caesars Interactive Turns In Record Results

Buoyed by social and mobile platform growth

The Interactive Entertainment division of Caesars Growth Partners LLC (CIE) reported strong revenue growth of 104.8 percent and adjusted EBITDA up 74.5 percent 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.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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