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Caesars Sees Revenue Drop In Third Quarter

US based gambling giant Caesars Entertainment has released its third quarter 2013 financial results, noting a big loss for the quarter despite interactive results jumping up considerably.

Caesars currently has debt at roughly $23.8 billion, and took a $761.4 million loss for the quarter, as the group's debts ate up $563 million in revenue. On the plus side, company revenues were up 0.7% to $2.18 billion.

Land casino revenues were down 7.1% to $1.12 billion.

Caesars Interactive had a good quarter, with revenues up 18.5% to $240.1 million. Caesars recently launched its real money online poker offering in Nevada, and is looking to take part in New Jersey's online offering which launches in November.

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