Caesars Interactive Revenues Rise on Online Gambling Performance

This story was published more than 8 years ago.

Caesars Interactive Entertainment revealed their first quarter financials this week, noting that they brought in increased revenue due to online gaming, mobile, and social products.

For the quarter CIE brought in $62.6 million, which is up 101.3% from the same period last year. The group's operating income rose 666% to $40.6 million, and income from continuing operations rose 992% to $27.3 million.

The large amount of growth is due to mobile and social gaming, with online operations contributing as well. The company's online gaming revenues from New Jersey and Nevada were up 6% to $9 million.

Virtual product sales for social operations were also up, with he company seeing 4.3% of social gaming users paying more for the products, which is up 134%. Average Revenue Per User was also up 29% to 31 cents, while daily active users were up 6% to 6,061.

Company wide, Caesars Entertainment posted quarterly revenues of $1.1 billion, up 21% from the same period last year.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.