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August 31, 2015 5:27 AM ET

Hotels, Restaurants and Leisure

Company Overview of Caesars Acquisition Company

Company Overview

Caesars Acquisition Company, through its interests in Caesars Growth Partners, LLC, operates as a casino asset and entertainment company. The company focuses on acquiring and developing a portfolio of operating assets, and equity and debt investments in the gaming and interactive entertainment industries. It operates through two segments, Interactive Entertainment, and Casino Properties and Developments. The Interactive Entertainment segment offers social and mobile games comprising Slotomania, House of Fun Slots, Bingo Blitz, Caesars Casino, and the World Series of Poker (WSOP) that are played on various social and mobile third-party platforms. It also operates three regulated online real m...

One Caesars Palace Drive

Las Vegas, NV 89109

United States

Founded in 2013

Phone:

702-407-6000

Key Executives for Caesars Acquisition Company

Chief Executive Officer and President
Age: 50
Total Annual Compensation: $1.5M
Chief Financial Officer
Age: 38
Total Annual Compensation: $995.1K
Senior Vice President of Corporate Development, General Counsel and Corporate Secretary
Total Annual Compensation: $664.8K
Compensation as of Fiscal Year 2014.

Caesars Acquisition Company Key Developments

Caesars Acquisition Company Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Caesars Acquisition Company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported loss from operations of $8.1 million compared to $8.2 million a year ago. Income before provision for income taxes was $16.3 million compared to $13.1 million a year ago. Net income was $7.8 million compared to $8.4 million a year ago. Basic and diluted earnings per share were $0.06 compared to $0.06 a year ago. For the six months, the company reported loss from operations of $15.2 million compared to $14.1 million a year ago. Income before provision for income taxes was $33.4 million compared to $16.5 million a year ago. Net income was $16.5 million compared to $10.6 million a year ago. Basic and diluted earnings per share were $0.12 compared to $0.08 a year ago.

NetEnt Enters into Content Distribution Agreement with Caesars Interactive Entertainment

NetEnt has entered into a content distribution agreement with Caesars Interactive Entertainment (CIE). Under the terms of the agreement, NetEnt will deliver a full suite of its best-in-breed casino games for both desktop and mobile, which will initially be offered to CIE's online brand in New Jersey, CaesarsCasino.com.

Caesars Acquisition Company Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Caesars Acquisition Company announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported loss from operations of $7.1 million against $5.9 million a year ago. Income before provision for income taxes was $17.1 million against $3.4 million a year ago. Net income was $8.7 million against $2.2 million a year ago. Diluted earnings per share were $0.06 against $0.02 a year ago.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 22, 2014
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