iGaming Business – US operator Caesars Entertainment Corporation has reported an increase in activity for its interactive entertainment division, but a widening loss from continuing operations across the whole business.
Caesars’ interactive entertainment unit reported a significant rise in revenues and earnings before interest, tax, depreciation and amortisation (EBITDA) in the latest quarterly figures, through to the end of June
Revenues for the segment rose by 95.4% from $74 million (€55.5 million) to $144.6 million in comparison with the corresponding quarter in 2013, to leave revenues for the first half of 2014 at $268.8 million.
EBITDA for the quarter more than doubled from $20.1 million to $44 million.
Caesars’ overall net revenues for the second quarter increased by $105.8 million or 31.8% compared with 2013.