Caesars Reports Mixed Third Quarter Results, WSOP TV Ratings Also Mixed

Caesars Reports Mixed Third Quarter Results, WSOP TV Ratings Also Mixed

World Series of Poker champ Joe McKeehen had a $7.68 million payday this week, the WSOP also 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 outcomes are mixed.

The parent business to Caesars Interactive Entertainment, the World Series of Poker and a few casinos including Planet Hollywood, Harrah’s New Orleans, plus the Horseshoe Baltimore, CAC reported total new revenues jumped to $601.2 million within the three months finished September 30, an increase of nearly 24 per cent.

Not all of the news ended up being positive, CAC also revealing that its income that is net from operations had been just $20.5 million, a 71 per cent drop year-on-year.

Caesars Acquisition’s CEO Mitch Garber had no qualms spinning the negatives into positives, saying their organization remains ‘encouraged by the performance that is strong of assets.’

Interactive Stays Active

The highlight of Q3 filing by CAC was yet 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 social video gaming sites including Bingo Blitz, Slotomania, and Caesars Bingo.

‘Our Interactive Entertainment business continues to build

North Nj Casino Expansion Straight Back on State’s Agenda

North Nj Casino Expansion Straight Back on State’s Agenda

North nj-new Jersey casino expansion: State Senate President Steve Sweeney wants residents to vote on the issue in November 2016.

North nj wants to give Atlantic City a run because of its money. And New Jerseyans may get the right yet to vote for casino expansion beyond the Boardwalk.

State Senate President Steve Sweeney has reintroduced legislation calling for the referendum on whether two new casinos should be built in the north part of the state, across the water from New York City, breaking AC’s longstanding monopoly.

The bill proposes that a vote that is state-wide the issue simply take destination in November 2016.

Issue of North Jersey casino expansion happens to be muted before. Atlantic City has suffered from the legalization of casino gaming within abutting states, and increased competition was a factor that is major four Atlantic City casino closures into the last two years.

Pennsylvania legalized casino gaming in 2007, and recently overtook its neighbor in gaming revenue. Meanwhile, New York State and Massachusetts have actually both opted to license their casinos that are first the emergence of these new markets will undoubtedly damage the nj-new Jersey market.

Strategic Importance

But North Jersey’s proximity to Manhattan and the New York greater metropolitan area makes it a strategically beneficial location for casinos, which Sweeney believes would lure droves of gamblers across the Hudson.

‘The ques

North Nj Casino Expansion Back on State’s Agenda

North Nj Casino Expansion Back on State’s Agenda

North New Jersey casino expansion: State Senate President Steve Sweeney wants residents to vote on the issue in 2016 november.

North nj wants to provide Atlantic City a run for its money. And brand New Jerseyans may get the right yet to vote for casino expansion beyond the Boardwalk.

State Senate President Steve Sweeney has reintroduced legislation calling for a referendum on whether two new casinos should be built in the part that is north of state, throughout the water from New York City, breaking AC’s longstanding monopoly.

The bill proposes that a vote that is state-wide the issue just take destination in November 2016.

Issue of North Jersey casino expansion happens to be muted before. Atlantic City has experienced from the legalization of casino gaming within abutting states, and increased competition ended up being a major factor in four Atlantic City casino closures in the last two years.

Pennsylvania legalized casino gaming in 2007, and recently overtook its neighbor in gaming revenue. Meanwhile, New York State and Massachusetts have both opted to license their first casinos and the emergence among these new markets will undoubtedly damage the nj-new Jersey market.

Strategic Importance

But North Jersey’s proximity to Manhattan while the New York greater area that is metropolitan it a strategically beneficial location for casinos, which Sweeney believes would lure droves of gamblers across the Hudson.

‘The question o