Caesars Interactive Grows, But Caesars Overall Still Stalled

Caesars Interactive Grows, But Caesars Overall Still Stalled

Caesars presently holds over $24 billion in financial obligation.

Caesars Interactive Entertainment (CIE), as an element of Caesars Growth Partners (CGP), has been lauded being a spot that is bright the Caesars brand. At a time once the business 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 make the business’s finances sustainable for the long haul. It’s a bit early to say if that is going working, but one this might be clear: CIE is unquestionably holding up their section of the deal.

Within the half that is first of, CIE brought in $268.8 million, an increase of nearly 90 % on the $142.1 million they earned last year. The increase was slightly more dramatic into the quarter that is second, with web revenues up more than 95 percent to $144.6 million.

Positive Money Flow for CIE

Right now, CIE is losses that are still posting the year. The business is down $16 million for 2014, though that’s still a noticable difference over the $27.1 million they lost within the half that is first of. But with 20.5 million in profits in the quarter that is second it’s quite possible that the organization could be in the black colored by the end of the season.

‘With the Interactive Entertainment segment generating cash that is positive, we remain confident that our stra Continue reading “Caesars Interactive Grows, But Caesars Overall Still Stalled”

Chauffer Suspect in Murder of Taiwanese Mogul Shih Chia-chin

Chauffer Suspect in Murder of Taiwanese Mogul Shih Chia-chin

Hsieh Yuan-hsin is the primary suspect in the kidnapping and murder of Shih Chia-chin. (Image: Taiwan police)

Taiwanese online gambling ringleader Shih Chia-chin may never be a home name in the world wide web betting community, but he was infamous in his home country for the wealth he obtained by running his web sites. Now, his kidnapping and murder have actually shocked the island country. Shih’s human body was discovered Sunday evening in Tainan County by police. He was allegedly murdered after being kidnapped by his chauffeur and several others on August 18.

Chauffeur Abducted Shih at Airport

On that time, Shih was picked up at the airport that is taoyuan Taiwan by his chauffeur, Hsieh Yuan-hsin. Just three hours later, the accountant at Shih’s company received a phone call saying that Shih had been demanding and kidnapped a ransom of TW$50 million ($1.67 million). Shih’s family attempted to negotiate with the kidnappers, eventually agreeing to wire TW$30 million ($1 million) to three separate bank accounts.

Whenever the family still didn’t hear from Shih, they contacted the police for assistance later that day. Hsieh evidently made a make an effort to withdraw the transferred ransom quickly thereafter, but fled when he had been asked to provide identification at the bank.

Hsieh Flees to Thailand

Despite efforts from prosecutors who issued a warrant to bar him from leaving the country, Hsieh managed to board a f Continue reading “Chauffer Suspect in Murder of Taiwanese Mogul Shih Chia-chin”

Paddy Power Admits to 2010 Hack of Customer Data

Paddy Power Admits to 2010 Hack of Customer Data

Paddy Power is facing criticism for their slow response to a 2010 incident that is hacking. (Image: Kake Pugh/Flickr)

Across-the-pond sports operation that is betting energy is no complete stranger to finding ways to get its title into the news. The irish bookmaker is willing to do just about anything to raise their public profile from controversial promotions to outrageous ads. But this week, Paddy energy found it self headlines that are making a means that certainly ended up beingn’t intentional.

Paddy Power made the admission that nearly 650,000 customers had their personal data stolen in a web site hack that took place in the past this season. The bookmaker made the admission even as the company was preparing to see particular customers of the event.

No Financial Data Stolen

The stolen information included basic individual information on each player: names, addresses, times of birth, and the like. There have been additionally the answers to the questions that are personal used to verify their identities. Critically, there was no information that is financial as credit card numbers included in the stolen information.

‘We sincerely regret that this breach occurred so we apologise to those who have been inconvenienced being a result,’ stated Peter O’Donovan, managing director of Paddy energy’s online operations. ‘We simply take our responsibilities regarding client data incredibly seriously and have conducted an extensive Continue reading “Paddy Power Admits to 2010 Hack of Customer Data”

Day revel and Showboat Close in Atlantic City Over Labor

Day revel and Showboat Close in Atlantic City Over Labor

The Showboat and Revel Casinos in Atlantic City shut their doors for the time that is final Labor Day weekend. (Image: CapitalOTC.com)

It was the end of the road for Revel and Showboat this as the two Atlantic City casinos closed their doors for good weekend. For gambling enterprises in this seaside resort town, Labor Day is usually a time that is celebratory of year. The standard ‘end of summer’ in the United States, the three-day weekend is a booming time for the New Jersey gambling hub, as both gamblers and tourists can come to savor a three-day weekend plus some beach weather that is great.

But also for these two casinos within the beleaguered city, this year’s Labor Day weekend marked the curtain that is final. The Showboat Casino ended a run that is 27-year Atlantic City on Sunday, while the Revel began their two-day shutdown on Monday. The 2 closures provides the number of casinos into the city right down to nine, lots that will drop to eight once the Trump Plaza resort closes later this month.

Showboat Closed Despite Staying Successful

The Showboat Casino resort was one of four casinos in Atlantic City owned by Caesars Entertainment (Bally’s Atlantic City, Caesars Atlantic City and Harrah’s Resort Atlantic City being the other three), and for the business, which was just one single too many in the shrinking market. They hope that closing one casino will gain the remaining three. But that does not sit wel Continue reading “Day revel and Showboat Close in Atlantic City Over Labor”