The company continued to report increasing losses in the latest earnings. Even the revenues declined slightly to $2.18 billion, down 0.7 percent from the third quarter of 2012. The casino revenues declined by 7.1 percent to $1.466 billion. The net loss increased 50.6% on a yoy basis from $505 million in Q3'12 to $761.4 million in Q3'13. Interest expenses increased from $515 million in Q3'12 to $563 million in Q3'13 (up 9.2 percent). For the nine months of the fiscal, the interest payments increased to $1.67 billion compared to $1.57 billion in nine months of 2012. Even the operating loss nearly tripled from $216 million to $637 million on a yoy basis. The loss per share for Q3'13 was $6.03 compared to $4.03 in Q3'12. All these metrics indicate worsening financial position, especially due to consistently stagnant top-line, declining operating margins and increasing interest payments leading to ever increasing losses. The company also raised $200 million in a public equity offering, the largest equity issuance since its initial public offering to improve liquidity. The company has started generating revenue from its online poker venture launched a couple of months ago. Leverage and liquidity remain important concerns, though the company expects to generate $420 million in the fourth quarter when it closes on the sale of a golf course in Macau. Capital investments and acquisitions are required to leverage the growth in emerging segments. Caesars (CZR) had acquired Playtika and, more recently, MGT Capital Investments (MGT) has acquired Avcom in the social casino sector which holds a lot of potential. Investigations by IRS and the Treasury Department’s Financial Crimes Enforcement Network to investigate money-laundering charges at Caesars Palace dampen the sentiments. Positive news is urgently required.