Online Poker Brands on the Forefront
Forget all those rumors you’re hearing about a potential Caesars bankruptcy (they’ve been around for months) because Caesars Interactive Entertainment is a pretty healthy operation. The high tech arm of the famous casino recently overtook Zynga as the top social casino on Facebook and commands as much as 18.6% of that market.
Besides the dawn of regulated online gambling in New Jersey, which CIE is banking on to boost revenue, there’s also a potential IPO in the works for this division.
Every business is going to have its ups and downs and CIE/Caesars is no exception. We’d bet on their long term chances of success and put them with the leaders of the American online gambling pack.