Caesars Interactive profits from Q1 social and mobile growth

8th May 2014 7:40 am GMT

Caesars Interactive Entertainment (CIE) has reported an 82 per cent increase in net revenue to $124.2m for the first quarter of 2014, driven by record growth from its social and mobile gaming business, as well as the first contributions from its recent Pacific Interactive acquisition.

The strong growth helped net revenue for Caesars Growth Partners (CGP), the joint venture between Caesars Entertainment and with Caesars Acquisition Company (which owns CIE and other assets), increase by 50 [...]