Impressive Q1 Profits for Caesars Interactive

caesars-interactiveUS operator Caesars Acquisition Company has said that its Caesars Interactive Entertainment business unit was able to achieve “impressive” results during the three months through to March 31.

Net revenue generated by the Caesars Interactive division amounted to $176.6 million (€156.2 million) in the first quarter, which represents an increase of 42.2% on the $124.2 million posted in the same period last year.

Income from operations rocketed by 666% to $40.6 million while net income from continuing operations also shot up by 992% to $27.3 million.

In addition, adjusted earnings before interest, tax, depreciation and amortization (EBITDA) grew by 101.3% to $62.6 million.

Elsewhere, Caesars Acquisition Company revealed that its Casino Properties and Developments division was also able to achieve year-on-year growth during the quarter.

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