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Caesars Interactive Has Big First Quarter

Interactive gaming firm Caesars Interactive Entertainment has posted their first quarter financial results, noting a surge in revenue for the period.

Key financial indicators for the period ending March 31st, 2016 were:

  • Revenue up 29% at $227.8 million;

  • Operating income up 31.5% to $53.4 million, but profit down 9.2% year-on-year at $24.8 million due to stock obligations at the parent company;

  • Social and mobile game revenue increased 30% y-o-y to $218.2 million;

  • Monetization on the above vertical improved, with average revenue per user up 4 US cents year-on-year to 35 US cents, and average daily user numbers up 10 percent. On a monthly basis, DAU numbers rose 21% to 922,000, ahead of industry norms;

  • The company's World Series of Poker online division operating in New Jersey and Nevada posted revenues up 6% to $9.6 million;

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bgsharpe
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14 May 2016 - 9:13pm
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Never had a chance to play at this casino but looks like the doing pretty good, maybe not so impressive as some of the leaders on the market but quite nice increase in revenue.

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