Caesars Interactive

Caesars Interactive Entertainment posted record breaking revenue in 2013 in part due to the launch of real money online gaming in Nevada and New Jersey.

“2013 was a significant year for CIE,” Craig Abrahams, CFO of Caesars Acquisition Company stated on a conference call with investors on Tuesday.

“We demonstrated solid economic results in the current year while simultaneously investing and positioning our business for future growth in social, mobile and real money online gaming,” he added.

As a result of its brand recognition and marketing efforts, has overtaken the first regulated online poker site in the US, Ultimate Poker, to become the market leader in Nevada, and in second position in the larger, more competitive, New Jersey market.

“We expect the impact of marketing costs and expenses related to the ramp up of operations to continue this year as we work to attract new customers, invest in operational infrastructure and create greater awareness in both Nevada and New Jersey,” Abrahams added. made strides to overtake the New Jersey market leader partypoker/Borgata in January as its revenues numbers spiked 42%, but the February numbers which are due to be released by the New Jersey Division of Gaming Enforcement, are expected to show the partnership of partypoker and Borgata reclaiming market share.