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Wednesday, 30-Oct-2013 18:37 Email | Share | Bookmark
Rovio Entertainment And Activision Publishing, Inc. Unleash Angr

In an effort to continue to do that where possible and to ensure you are hearing news from us, rather than a third party, I am proactively reaching out to you this afternoon to share news about our business. I can confirm that plans are in the works to centralize DCEs operations in 2015. Next week, the Exec Team will be in New York for a series of meetings to walk everyone through the plans to relocate the New York operations to Burbank. The move is not imminent and we will have more than a year to work with the entire company on a smooth transition for all of us, personally and professionally. Everyone on the New York staff will be offered an opportunity to join their Burbank colleagues and those details will be shared with you individually, comprehensively and thoughtfully next week. Meeting notifications will be sent tomorrow to ensure the roll out of this information and how it affects the company and you personally. <br>Source:

Equity Offering The firms will purchase $600 million of stock in the offering, up from $457.8 million. The offering is expected to close Nov. 18. Caesars fell 3.5 percent to $17.75 in extended trading after the results were announced. The stock declined 0.9 percent to $18.40 at the close in New York and has more than doubled this year. <br>Source:

Hope you have some media and entertainment stock Email | Twitter If you have your money invested in media stocks, you may have come out ahead in the game in 2013. According to a new study out from Ernst & Young , media and entertainment stocks are expected to outperform other major stock market categories. The report looked at 10 major sectors of the industry, and each are expected to experience a profit margin of 26 percent or better, marginally better than the 24 percent profit margin of the S&P 500 Index. So who are the winners in the category? Surprisingly, the much-maligned cable companies are likely to be the most profitable. For all the articles about cord-cutting and Netflix aiming to take the place of pay-TV , cable companies will see a 41 percent profit margin on the year. <br>Source:

Investors are cautioned that forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that cannot be predicted or quantified, and, consequently, the actual performance of Caesars may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to, the following factors, as well as other factors described from time to time in the Company's reports filed with the Securities and Exchange Commission (including the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" contained therein): the impact of the Company's substantial indebtedness and the restrictions in the Company's debt agreements; access to available and reasonable financing on a timely basis, including the ability of the Company to refinance its indebtedness on acceptable terms; the effects of local and national economic, credit, and capital market conditions on the economy, in general, and on the gaming industry, in particular; the ability to realize the expense reductions from cost savings programs; changes in the extensive governmental regulations to which the Company and its stockholders are subject, and changes in laws, including increased tax rates, smoking bans, regulations or accounting standards, third-party relations and approvals, and decisions, disciplines, and fines of courts, regulators, and governmental bodies; the ability of the Company's customer-tracking, customer loyalty, and yield-management programs to continue to increase customer loyalty and same-store or hotel sales; the effects of competition, including locations of competitors and operating and market competition; the ability to recoup costs of capital investments through higher revenues; abnormal gaming holds ("gaming hold" is the amount of money that is retained by the casino from wagers by customers); the ability to timely and cost-effectively integrate companies that the Company acquires into its operations; the potential difficulties in employee retention and recruitment as a result of the Company's substantial indebtedness or any other factor; construction factors, including delays, increased costs of labor and materials, availability of labor and materials, zoning issues, environmental restrictions, soil and water conditions, weather and other hazards, site access matters, and building permit issues; litigation outcomes and judicial and governmental body actions, including gaming legislative action, referenda, regulatory disciplinary actions, and fines and taxation; acts of war or terrorist incidents, severe weather conditions, uprisings or natural disasters, including losses therefrom, including losses in revenues and damage to property, and the impact of severe weather conditions on the Company's ability to attract customers to certain of its facilities, such as the amount of losses and disruption to the Company as a result of Hurricane Sandy in late October 2012; the effects of environmental and structural building conditions relating to the Company's properties; access to insurance on reasonable terms for the Company's assets; and the impact, if any, of unfunded pension benefits under multi-employer pension plans. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. Caesars disclaims any obligation to update the forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date stated or, if no date is stated, as of the date of this release. CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) (In millions, except per share data) Quarter Ended September 30, Nine Months Ended September 30, 2013 2012 2013 2012 Revenues Casino $ 1,466.6 $ 1,578.8 $ 4,396.8 $ kim kardashian gallery 4,755.7 Food and beverage 382.9 389.2 1,149.2 1,156.6 Rooms 318.5 312.1 929.0 932.3 Management fees 14.5 12.5 42.3 34.4 Other 225.4 203.5 642.5 580.5 Reimbursable management costs 72.7 22.3 203.2 43.5 Less: casino promotional allowances (300.6) (322.6) (881.7) (937.4) Net revenues 2,180.0 2,195.8 6,481.3 6,565.6 Operating expenses Direct Casino (a) 803.2 902.2 2,457.6 2,725.1 Food and beverage (a) 168.8 169.8 503.5 501.3 Rooms (a) 76.9 74.3 232.4 230.1 Property, general, administrative, and other (a) 548.2 519.0 1,592.8 1,529.5 Reimbursable management costs 72.7 22.3 203.2 43.5 Depreciation and amortization 130.2 178.8 433.2 533.8 Write-downs, reserves, and project opening costs, net of recoveries 0.5 32.8 44.7 56.9 Intangible and tangible asset impairment charges 930.9 419.0 1,055.6 626.0 Loss/(income) on interests in non-consolidated affiliates 4.0 (1.5) 20.4 8.8 Corporate expense 37.0 51.7 114.3 145.2 Acquisition and integration costs 3.2 1.0 69.6 2.2 Amortization of intangible assets 41.9 43.2 124.4 129.6 Total operating expenses 2,817.5 2,412.6 6,851.7 6,532.0 (Loss)/income from operations (637.5) (216. (370.4) 33.6 Interest expense, net of interest capitalized (563.0) (515. (1,677.7) (1,574.3) Gain on early extinguishments of debt 13.0 17.5 79.5 Gain on partial sale of subsidiary 44.1 Other income, including interest income 0.5 4.7 8.9 19.4 Loss from continuing operations before income taxes (1,187.0) (727.9) (1,977.6) (1,441. Benefit for income taxes 413.4 225.3 819.3 489.5 Loss from continuing operations, net of income taxes (773.6) (502.6) (1,158.3) (952.3) Discontinued operations Income/(loss) from discontinued operations 14.9 0.8 (29.3) (69.4) Provision for income taxes (3.1) (1.6) (0.2) (4.6) Income/(loss) from discontinued operations, net of income taxes 11.8 (0. (29.5) (74.0) Net loss (761. (503.4) (1,187. (1,026.3) Less: net loss/(income) attributable to noncontrolling interests 0.4 (2.1) (3.5) (1.5) Net loss attributable to Caesars $ (761.4) $ (505.5) $ (1,191.3) $ (1,027. Loss per share - basic and diluted Loss per share from continuing operations $ (6.12) $ (4.02) $ (9.23) $ (7.62) Income/(loss) per share from discontinued operations 0.09 (0.01) (0.24) (0.59) Net loss per share $ (6.03) $ (4.03) $ (9.47) $ (8.21) (a) Property operating expenses are comprised of casino, food and beverage, rooms, and property, general, administrative and other expenses. CAESARS ENTERTAINMENT CORPORATION CONSOLIDATED SUMMARY BALANCE SHEETS (UNAUDITED) (In millions) September30, 2013 December31, 2012 Assets Current assets Cash and cash equivalents $ 1,707.9 $ 1,757.5 Restricted Cash (a) 123.4 833.6 Assets held for sale (b) 5.4 5.1 Other current assets 887.5 897.4 Total current assets 2,724.2 3,493.6 Property and equipment, net 14,916.4 15,701.7 Goodwill and other intangible assets 6,679.7 7,146.0 Restricted cash 403.6 364.6 Assets held for sale (b) 466.0 471.2 Other long-term assets 906.5 821.0 $ 26,096.4 $ 27,998.1 Liabilities and Stockholders' Deficit Current liabilities Current portion of long-term debt (a) $ 166.4 $ 879.9 Liabilities held for sale (b) 0.7 3.8 Other current liabilities 1,930.4 1,704.6 Total current liabilities 2,097.5 2,588.3 Long-term debt 21,173.8 20,532.2 Liabilities held for sale (b) 54.3 52.1 Other long-term liabilities 4,267.6 5,157.1 27,593.2 28,329.7 Total Caesars stockholders' deficit (1,578.7) (411.7) Non-controlling interests 81.9 80.1 Total deficit (1,496. (331.6) $ 26,096.4 $ 27,998.1 (a) The balance of restricted cash at December31, 2012 includes $750.0 million of escrow proceeds related to the Company's December 13, 2012 bond offering and the related debt obligation is included in the current portion of long-term debt. Escrow conditions were met in February 2013, at which time the cash was released from restriction and the debt obligation was re-classified to long-term. (b) The balances at September30, 2013 and December31, 2012 relate to the subsidiaries that hold the Company's land concession in Macau and $7.3 million of non-current assets held for sale related to the Company's investment in a real estate project initiated by the Casino Reinvestment Development Authority ("CRDA"), a New Jersey state governmental agency responsible for directing the spending of casino reinvestment funds for the benefit of Atlantic City. <br>Source:

During this period, we began offering real money online poker in Nevada; we completed the rim of the High Roller at the Linq; we went vertical in our construction of Horseshoe Baltimore; we announced Britney Spears' Las Vegas residency and the renovation of the Planet Hollywood theater; we completed the largest gaming reinvestment in 10 years and began driving beams into the ground for the construction of our meetings facility in Atlantic City; and last, but certainly not least, we completed and advanced several important capital market transactions as part of our plan to further improve the company's capital structure and position Caesars for long-term success. We did all of this against the backdrop of industry conditions that were similar to the first half of the year. In the third quarter, visitation and casino revenues declined across much of our network compared to the year-ago period. However, we're encouraged by positive underlying trends in Vegas, particularly around the increases we've seen in hotel and food and beverage revenue, which are related directly to our recent hospitality investments in the city. We're also encouraged by forward-booking activity in the group's business. The first half of 2014 looks to be in excellent shape, with the first quarter shaping up to be the best quarter for this business [ph] since the peak in the first quarter of 2008. Several key events, including the return of CONEXPO-CON/AGG show in March, are supporting this growth. <br>Source:

and Lucasfilm Ltd., in association with Activision Publishing, Inc., a wholly owned subsidiary of Activision Blizzard, Inc. ( ATVI ), today launched Angry Birds Star Wars for home and hand-held video game systems. Based on Rovio's wildly popular, action-strategy mobile game, Angry Birds Star Wars brings the interstellar struggle between the ragtag Rebel Birds and dastardly Imperial Pigs to new audiences on the Xbox 360 games and entertainment system from Microsoft, PlayStation3 computer entertainment system and PlayStationVita website handheld entertainment system, Nintendo's Wii and Wii U systems and the Nintendo 3DS handheld system. Angry Birds Star Wars is also planned to launch on Xbox One, the all-in-one games and entertainment system from Microsoft, and Sony's PlayStation4 computer entertainment system, when these new next-gen consoles arrive in November. "Angry Birds Star Wars brings together fans from multiple generations and across two widely loved fictional worlds," noted Jami Laes, Executive Vice President of Games at Rovio Entertainment. "The success of kim kardashian before and after Angry Birds Star Wars is a testament to the versatility of these iconic franchises. As a company we want to be where-ever the fans are, so we are thrilled to be partnering with Activision to bring this one-of-a-kind experience to console and handheld gaming fans." Angry Birds Star Wars marries the fantastic spirit, legendary characters and classic imagery of Star Wars with the accessibly engaging design and energetic gameplay of Angry Birds, thrusting players into a captivating, lighthearted adventure saga, featuring inventive challenges, tantalizing Force powers and a wealth of familiar faces and places. <br>Source:

TDEY (OTC Pink: TDEY) is fully focused on a 2D and 3D content media creation business with distribution of content through application and smart devices. Owner and developer of App3DTV found on smart devices which provide kim kardashian style media content and entertainment. More information can be found on App3DTV is 2D and 3D app available on Smart Mobile devices for $7.99 per month. The application that features 3D movies, music videos, and other media all at your finger tips. It is currently on schedule to be on Roku and Apple shortly. <br>Source:

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