Caesars Interactive Entertainment (CIE), doing business as part of Caesars Acquisition Company (CAC), posted record results in the second quarter of 2015.
During the three month period ending in June, the company generated revenue of $186.2 million. When compared to the same period of 2014, this was an increase of nearly 29 percent, up from $144.6 million.
When you take into consideration the first two quarters of 2014, Caesars Interactive Entertainment’s revenue reached $362.8 million, up more than 35 percent when compared to the first six months of last year.
Mitch Garber, CEO of Caesars Acquisition Company (CAC), is excited about the growth of the business, saying:
“Our Interactive Entertainment business continues to record stellar results, primarily from our market leading social and mobile games business.”
While nobody knows what the future holds, Garber, as well as the rest of his team, feel that the future is bright for Caesars Interactive Entertainment.
When the third quarter comes to an end and the calendar turns to October, it will be interesting to see if the unit was able to grow on its success through the first half of the year. At this point, there is no reason to doubt its growth potential.