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;