Revenue drops for Caesars

From iGaming Business – The world’s largest land-based gaming firm, Caesars Entertainment Corporation, has released its financial results for the second quarter of 2013 showing that net revenues had dropped by 0.3% year-on-year to $2.158bn. Las Vegas-based Caesars Entertainment recently had a plan to spin-off its Caesars Interactive Entertainment Incorporated subsidiary, Planet Hollywood Resort and Casino and interests in a venue under development in Baltimore into an entity christened Caesars Growth Partners LLC approved by the Nevada Gaming Commission and the operator revealed that first-half overall revenues had decreased by 1.6% year-on-year to $4.301bn. Caesars Entertainment declared that the falls…