Caesars currently holds over $24 billion in financial obligation.
Caesars Interactive Entertainment (CIE), as an element of Caesars Growth Partners (CGP), has been lauded as being a bright spot for the Caesars brand. At any given time if the company is working with tremendous financial obligation and legal actions with bondholders, CGP is overseeing online operations as well as other areas of growth as part of a strategy to reorganize Caesars and result in the business’s finances sustainable for the haul that is long. It is a bit early to express if that’s going to the office, but one this might be clear: CIE is certainly holding up their element of the bargain.
In the first half of 2014, CIE brought in $268.8 million, an increase of almost 90 per cent over the $142.1 million they earned last year. The enhance had been slightly more dramatic into the 2nd quarter alone, with web revenues up more than 95 percent to $144.6 million.
Positive Cash Flow for CIE
At the moment, CIE is still posting losses for the 12 months. The company is down $16 million for 2014, though that is still a noticable difference over the $27.1 million they lost in the half that is first of. But with 20.5 million in profits in the second quarter, it’s quite possible that the company could be in the black by the end of the year.
‘With the Interactive Entertainment segment generating good cash flow, we stay confident that our strategy t