Caesars Interactive Grows, But Caesars Overall Nevertheless Stalled

Caesars Interactive Grows, But Caesars Overall Nevertheless 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 bright spot for the Caesars brand. At a time if the business is dealing with tremendous debt and lawsuits 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 funds sustainable for the haul that is long. It’s a bit early to express if that is going to function, but one this might be clear: CIE is holding up their part of the deal.

Within the very first half of 2014, CIE brought in $268.8 million, an enhance of nearly 90 % over the $142.1 million they brought in last 12 months. The enhance ended up being slightly more dramatic into the second quarter alone, with net revenues up more than 95 percent to $144.6 million.

Positive Cash Flow for CIE

Right now, CIE is losses that are still posting the 12 months. The company is down $16 million for 2014, though that’s still an improvement over the $27.1 million they lost within the half that is first of. But with 20.5 million in profits in the second quarter, it’s quite possible that the company might be in the black by the end of the season.

‘With the Interactive Entertainment segment generating cash that is positive, we remain confident that our strategy to produce new projects Continue reading

Nevada Gaming Control Board Still Hunting for Six Most Wanted

Nevada Gaming Control Board Still Hunting for Six Most Wanted

The capture of Jubreal Chahine leaves six individuals on the Control Board’s most-wanted list. (Image: Nevada Control Board)

The capture of Jubreal Chahine was a coup that is major the Nevada Gaming Control Board. He was one of the seven most-wanted casino cheats for officials within the state, as there were seven warrants out against him at the time of his capture. But that is just the start for state regulators, and they’d like to see the other six most-wanted gambling criminals on their list to meet the same end as Chahine.

Chahine had been a man who had utilized a volume that is high of scams to bilk gambling enterprises for money. He had pulled schemes that are basic placing belated wagers (known as ‘past posting’) at roulette tables or swapping in larger denomination potato chips when he knew he’d win at the blackjack table at gambling enterprises across the United States sufficient times to rack up 21 felony fees.

‘Dudes like Chahine are just what I call low-level, repeat offenders,’ said the Nevada Gaming Control Board’s Chief of Enforcement Karl Bennison. ‘Who knows how many times he had been successful, but with it, cheating can be lucrative. if you can get away’

Most-Wanted List Determined by Extradition

Chahine ended up being certainly one of seven individuals which had been put on the Control Board’s exclusive list of the many notorious casino criminals. In order to choose who eventually ends Continue reading

Fremont Street Draws More Tourists and More Cops

Fremont Street Draws More Tourists and More Cops

The growing popularity of Las Vegas’ downtown Fremont Street area has required more police presence aswell. (Image: lasvegastours.onboardtours.com)

As Las Vegas continues to bounce straight back through the downturn in the economy, with the Strip posting its fifth annual revenue boost in a row, Sin City’s Fremont Street area downtown is experiencing a renaissance too. In fact, the present regeneration of Fremont Street and its environs is attracting many visitors, Metro Police are being forced to rethink the way they police the whole city of Las Vegas.

‘ We were really focused on Las vegas, nevada Boulevard [the Strip] for several years because that’s where we had been seeing the infusion of people,’ Sheriff Doug Gillespie told Metro’s Fiscal Affairs Committee this week. ‘ But the dynamics have actually changed downtown. Now a great deal more people are wanting to come downtown on a more regular foundation.’

It isn’t just that the people are coming there in droves; the nature that is very of tourism has changed, too. While the area surrounding ‘Glitter Gulch,’ as it had previously been known right back in Elvis’s day, was once a small rough round the sides, it is now learning to be a hub of art and culture. Bail bondsmen and pawnbrokers have been at least somewhat changed with galleries and vintage clothing shops, since well bars, clubs and restaurants.

Millennials Descend

Which means, simply speaking, folks are spending Continue reading