World Series of Poker champ Joe McKeehen had a $7.68 million payday this week, the WSOP additionally helping the third-quarter financials for Caesars.
Caesars Acquisition Company (CAC), the investment arm in Caesars Growth Partners (CGP), released its third quarter profits for 2015 and the total results are mixed.
The parent business to Caesars Interactive Entertainment, the planet number of Poker and a few casinos including Planet Hollywood, Harrah’s New Orleans, therefore the Horseshoe Baltimore, CAC reported total new profits jumped to $601.2 million within the three months ended September 30, a growth of almost 24 percent.
Not all the news was positive, CAC also revealing that its net income from continuing operations had been simply $20.5 million, a 71 percent drop year-on-year.
Caesars Acquisition’s CEO Mitch Garber had no qualms rotating the negatives into positives, saying his company remains ‘encouraged by the performance that is strong of assets.’
Interactive Stays Active
The highlight of Q3 filing by CAC was once again its Caesars Interactive Entertainment (CIE) arm, the division reporting $194.5 million in net revenues, a 20.4 percent yield compared to Q3 2014.
CIE is responsible for the WSOP brand name along with Caesars Palace Las Vegas and many gaming that is social including Bingo Blitz, Slotomania, and Caesars Bingo.
‘Our Interactive Entertainment business continues to build results that a