Top Hitters in the Online Casino Industry has the Media Paying Attention says CasinoPokerGuide.com


Posted December 11, 2013 by chrishrs20

Many gaming companies are trail-blazing in the arena of online poker and are starting to generate substantial revenue from their internet investments.
 
11 December, 2013: Many gaming companies are trail-blazing in the arena of online poker and are starting to generate substantial revenue from their internet investments. The industry is paying attention to these initial big results – frontrunners like Caesars Entertainment and Station Casinos have both realized substantial profits from online gaming.

Caesar’s reported revenue of $2 billion, which was down 0.7 percent from the third quarter last year.

Caesars began generating online poker revenue during the third quarter of the year in Nevada and the fourth quarter in New Jersey. The company’s third-quarter earnings included only 11 days of online poker revenue. MGM on the other hand has a large property, Macau, which has been what the company has waiting for the New Jersey revenue to begin flowing in.

“It’s a common practice for large corporations or businesses to rely on a primary property before investing in a new venture,” says Ruth Wales, of http://casinopokerguide.com.

Two other companies have adopted a similar tactic;

Wynn Resorts saw its earnings climb 63 percent to $182 million, up 7 percent from a year ago, due to revenue generated in Macau.

Las Vegas Sands also had a record quarter, with revenue up 32 percent to $3.6 billion and earnings up 82 percent to $809 million, thanks to earnings in Macau.

Another bellwether of the success of Internet poker will be Station Casinos. Station was the first company to offer online poker in Nevada, and its Ultimate Gaming is teaming with Trump Taj Mahal for Internet gambling in New Jersey.

Station posted a loss of $4.7 million during the third quarter, although revenue was up 3 percent to $305 million. The company focused much of its attention recently on opening a tribal casino it is managing near San Francisco.

American Casino & Entertainment Properties, operators of the Stratosphere and two Arizona Charlie’s properties in Las Vegas, hasn’t launched a real-money online poker play but is marketing a free product in advance of a pay site.

Casino Poker Guide is a site partnering up with the most entertaining and safe online casinos. Casino Poker Guide, at http://casinopokerguide.com , offers gamers the most site options and portals to incredible gaming experiences.
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Issued By Petra Riddle
Website http://casinopokerguide.com/
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Categories Entertainment
Tags casino poker , casino poker guide
Last Updated December 11, 2013