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INTERACTIVE OPERATIONS THE BRIGHT SPOT IN CAESARS WEAK RESULTS
The lacklustre Q1-2013 from American land gambling giant Caesars Entertainment this week - company revenues sank a further 2.9 percent - formed the backdrop for one of the few bright spots in the report - improved performance from the group's online division, Caesars Interactive Entertainment.
Whilst the parent group revenues sank to $2.14 billion, CIE turned in revenues of $81 million - a 25.2 percent increase over the same period last year.
Leading the charge in CIE was social & mobile games developer Buffalo Studios, acquired last year by CIE (see previous reports). The developer holds the rights to the Bingo Blitz & Bingo Rush products, & contributed much of CIE's $16.3 million extra revenue.
As a group, Caesars reported EBITDA down by 9.8 percent year-on-year to $469.7 million. |
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