Caesars Entertainment’S Net Profit Increased By 7.8% In Q1 2016
Caesars entertainment corporation in the second quarter of 2016 received 7.8% of net profit, which was $ 1.2 billion, informs calvinayre.Com.
In the first half of the year, income growth amount to 7.2% — $ 2.4 billion. According to the financial report, in the first 6 months of 2015, the corporation received a net income of $ 6.9 billion.
Profit before tax / interest / deprection (ebitda) increased by 11.8% in the second quarter of the current year and amounted to $ 388 million. Depreciation for the first 6 months of 2016 increased by 13.7% — $ 737 million.
Caesars entertainment also announced a pure loss of $ 2.3 billion in the second quarter of 2016. For comparison: the same period last year brought a net income of $ 50 million.
Ceesars entertinment mark frissor commented on the rise in losses, stating thareholders of the subsidiary of caesars interactive entertainment, as well as with recent bankruptcy charges.
Recall: a subsidiary of caesars interactive entertainment sold a playtika division socigerization in the development of sociger. The buyer was the chinese consortium of investors shanghai giant network technology engaged in online gaming. The amount of the transaction was $ 4.4 billion.
After the transition of the controlling stake in the the chasese consortium, playtika will remain an autonomous division with headquarters in herzliya. Under the division, 12 representative offices are operating, in particular in minsk.
Treaty on the sale of shares of playtika shanghai giant network technology received approval from controlling authorities. Officially, the transaction must be fully completed until the end of this year.