{"id":46,"date":"2024-06-12T07:58:46","date_gmt":"2024-06-12T04:58:46","guid":{"rendered":"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/12\/caesars-entertainment-sells-playtika-for-4-4-billion\/"},"modified":"2024-06-13T11:59:57","modified_gmt":"2024-06-13T08:59:57","slug":"caesars-entertainment-sells-playtika-for-4-4-billion","status":"publish","type":"post","link":"https:\/\/spindimensionnodepositbonus.icu\/2024\/06\/12\/caesars-entertainment-sells-playtika-for-4-4-billion\/","title":{"rendered":"Caesars Entertainment Sells Playtika for 4.4 Billion"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/8IGb_6oAmS0\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Caesar Interactive Entertainment (CIE) is divesting its social gaming division, Playtika, for an impressive $4.4 billion. Acquiring the studio is a group of Chinese investors, including a branch of Shanghai Giant Network Technology, a prominent force in online gaming.  Speculation had circulated that CIE itself might be acquired for approximately $4 billion, with entities like Giant and others expressing interest.  It appears their attention was particularly drawn to CIE&#8217;s achievements in mobile gaming, especially given the flourishing revenue from their mobile and social games!  <\/p>\n<p>Notably, CIE is retaining its World Series of Poker trademark and its real-money online gaming operations \u2013 these are excluded from the agreement.  This transaction is quite significant, considering Caesar&#8217;s obtained Playtika through a series of purchases commencing in 2011.  <\/p>\n<p>Should all proceed without a hitch, the agreement should conclude later this year, with Playtika maintaining its central office in Israel. <\/p>\n<p>Playtika has undergone remarkable expansion,&#8221; stated Robert Antokol, creator and head of Playtika. &#8220;This demonstrates our exceptional staff, robust organizational ethos, top-tier data analysis, and unparalleled capacity to reshape and expand games.&#8221;<\/p>\n<p>Mitch Garber, Chairman and CEO of CIE, remarked, &#8220;Witnessing Playtika&#8217;s journey from a 10-person fledgling enterprise when CIE purchased it in 2011 to the industry titan it is today has been incredibly fulfilling. Playtika is now a highly lucrative and swiftly expanding business with over 1,300 personnel, numerous successful games, and millions of daily users. Robert is a genuine trailblazer and a leader within the Israeli business sphere who has not only constructed a fantastic company but also one of the most distinctive cultures I&#8217;ve encountered.&#8221;<\/p>\n<p>Caesars Entertainment will unveil its financial outcomes for the second quarter of 2016 on Tuesday. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Caesar Interactive Entertainment (CIE) is divesting its social gaming division, Playtika, for an impressive $4.4 billion. Acquiring the studio is a group of Chinese investors, including a branch of Shanghai&hellip;<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Playtika Sold for $4.4 Billion: What<\/title>\n<meta name=\"description\" content=\"Caesar Interactive Entertainment just sold its social gaming division, Playtika, for a whopping $4.4 billion! What does this mean for the future of CIE? 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