Fast Track

Caesars sees profit in Q3 as results boosted by sale of interactive arm

8th November 2016 10:11 am GMT
Caesars Entertainment

US casino operator Caesars Entertainment Corporation (CEC) has recorded net income of $5m for the third quarter of 2016, largely due to a $4.2bn pre-tax gain on the sale of Caesars Interactive's social and mobile games business.

Net third quarter revenue from CEC’s continuing operations rose 3 per cent to $986m, primarily due to strong growth in the Las Vegas region, which partially offset declines in Atlantic City and New Orleans.

Income [...]

Continue reading

Subscribe for full access to Gaming Intelligence including premium news content, feature articles, news archive, company profiles and more. Includes subscription to the print edition of GIQ magazine and postage.


Already a subscriber or registered user? Login

Skywind Group
Pragmatic Solutions