September 01, 2016 2:11 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: 51
Total Annual Compensation: $1.6M
Chief Financial Officer
Age: 39
Total Annual Compensation: $1.1M
Senior Vice President of Corporate Development, General Counsel and Corporate Secretary
Total Annual Compensation: $731.8K
Compensation as of Fiscal Year 2015.

Caesars Acquisition Company Key Developments

Caesars Acquisition Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Caesars Acquisition Company announced unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, loss from operations was $7.3 million against $8.1 million a year ago. Income before provision for income taxes was $17.1 million against $16.3 million a year ago. Net income was $8.5 million against $7.8 million a year ago. Basic and diluted earnings per share were $0.06 against $0.06 a year ago. For the six months, loss from operations was $13.9 million against $15.2 million a year ago. Income before provision for income taxes was $34.9 million against $33.4 million a year ago. Net income was $17.7 million against $16.5 million a year ago. Basic and diluted earnings per share were $0.13 against $0.12 a year ago.

Caesars Acquisition In Talks To Sell Online Games Business To Chinese Consortium

Caesars Acquisition Company (NasdaqGS:CACQ) is in talks to sell the online games business of Caesars Interactive Entertainment Inc to a Chinese consortium that includes Giant Interactive Group, Inc.

Chinese Group Reportedly Is In Talks To Buy Unit of Caesars' Interactive Games

Caesars Acquisition Company (NasdaqGS:CACQ) is in exclusive talks to sell the online games business of Caesars Interactive Entertainment, Inc. to a Chinese consortium that includes Giant Interactive Group, Inc. Reportedly the deal could be valued more than $4.2 billion. According to Reuters, Hasbro Inc. (NasdaqGS:HAS) and Netmarble Games Corporation are also in the race to acquire the company.

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