Caesars currently holds over $24 billion in financial obligation.
Caesars Interactive Entertainment (CIE), as part of Caesars Growth Partners (CGP), has been lauded being a spot that is bright the Caesars brand. At any given time whenever company is working with tremendous debt and lawsuits with bondholders, CGP is overseeing online operations as well as other areas of growth as part of the strategy to reorganize Caesars and make the business’s funds sustainable for the long haul. It is a bit early to say if that’s going to get results, but one this is clear: CIE is holding up their section of the bargain.
In the very first half 2014, CIE brought in $268.8 million, an increase of nearly 90 percent throughout the $142.1 million they earned last year. The increase ended up being slightly more dramatic into the 2nd quarter alone, with net revenues up more than 95 percent to $144.6 million.
Positive Money Flow for CIE
At the moment, CIE is still posting losses for the 12 months. The business is down $16 million for 2014, though that is still a noticable difference over the $27.1 million they lost within the very first half 2013. But with 20.5 million in profits in the second quarter, it’s quite possible that the organization might be in the black by the end of the season.
‘With the Interactive Entertainment segment generating good cash flow, we remain confident that our strategy to produce new projects and c (더 보기…)