Caesars currently holds over $24 billion in financial obligation.
Caesars Interactive Entertainment (CIE), as a part of Caesars Growth Partners (CGP), has been lauded as being a bright spot for the Caesars brand. At any given time whenever company is dealing with tremendous financial obligation and legal actions with bondholders, CGP is overseeing online operations and other areas of growth as an ingredient of a strategy to reorganize Caesars and make the company’s funds sustainable for the haul that is long. It is a bit early to say if that is going to function, but one this might be clear: CIE is certainly holding up their element of the bargain.
In the first half 2014, CIE brought in $268.8 million, an increase of nearly 90 percent on the $142.1 million they introduced final 12 months. The increase had been slightly more dramatic into the second quarter alone, with net revenues up more than 95 percent to $144.6 million.
Positive Money Flow for CIE
At this time, CIE is losses that are still posting the 12 months. The business is down $16 million for 2014, though that’s still a noticable difference over the $27.1 million they lost into the half that is first of. But with 20.5 million in profits in the quarter that is second it is quite feasible that the business could possibly be in the black by the end of the year.
‘With the Interactive Entertainment segment generating good cashflow, we remain co Continue reading “Caesars Interactive Grows, But Caesars Overall Nevertheless Stalled”