Subscribe to our Daily Digest e-mail
Caesars Entertainment plummets toward Ch. 11

Caesars Entertainment Corp. is working to improve its capital structure, but despite moves to cut costs, buy back debt and pursue a spinoff transaction during the second quarter, Caesars' $23.7 billion debt load is still the elephant in the room and could push them into Chapter 11.

share

Caesars

9/1/2015

article Caesars bankrupt division reports $29.1 million profit in July
(Las Vegas) -- Caesars Entertainment Corp. said Tuesday its bankrupt operating division turned a profit of $29.1 million in July, according to a securities filing....

8/29/2015

article Caesars Entertainment Corp Debt Trading 2% Lower (CZR)
(Wall Street) -- An issue of Caesars Entertainment Corp (NYSE:CZR) debt fell 2% as a percentage of its face value during trading on Friday, Market Beat Ratings reports.

8/27/2015

article Caesars Bondholders Denied Quick Ruling on $7 Billion Pledge
(New York) -- Caesars Entertainment Corp. won a court ruling that gives it breathing room to try to negotiate an end to a bondholder lawsuit that could force the...
article Caesars gets momentary reprieve in New York lawsuit ruling
(New York) -- Caesars Entertainment Corp. can breathe a bit easier after a New York federal judge denied the company's bondholders a quick judgment in their pursuit...
article Federal judge's ruling favors Caesars Entertainment
(New York) -- A New York federal judge on Thursday denied a legal request by Caesars Entertainment Corp. bondholders that could have sent the entire casino company into...

8/26/2015

article STUTZ: Caesars' public perception takes one step forward, two steps back
(Las Vegas) -- Perception is everything. Someone needs to explain this concept to Caesars Entertainment Corp. Last week the casino operator, which made tremendous...

8/25/2015

article Caesars, Lenders Agree To Operating Unit's Bankruptcy Plan
(Las Vegas) -- Caesars Entertainment Corp. says its operating division's largest creditors are on board with a bankruptcy plan to get it out from under some $10...
article Caesars, lenders agree to operating unit’s bankruptcy plan
(Las Vegas) -- Caesars Entertainment Corp. says its operating division’s largest creditors are on board with a bankruptcy plan to get it out from under some $10...

8/24/2015

article Caesars to pay $20 mln over anti-money laundering lapses -source
(Washington D.C.) -- Caesars Entertainment Corp has agreed to pay $20 million to settle U.S charges over anti-money laundering lapses and will enter into a deferred...
article Caesers reportedly to settle money laundering charges
(Washington D.C.) -- Casino owner Caesars Entertainment Corp will pay $20 million to settle criminal charges over anti-money laundering lapses and will enter into a...

8/23/2015

article Caesars Entertainment to Face $20-Million Penalty over Poor Anti-Money Laundering Control
(Las Vegas) -- Reportedly, gambling operator Caesars Entertainment Corp. has consented to pay the amount of $20 million so as to settle charges over allegedly failing to...

8/22/2015

article STUTZ: Caesars strikes a deal with largest lenders over restructuring efforts
(Las Vegas) -- Caesars Entertainment Corp. said late Friday it reached agreement with its largest lender group over the restructuring of the company's bankrupt...

8/21/2015

article Caesars said to revive plan talks as bankruptcy probe looms
(Chicago) -- Caesars Entertainment Corp restarted talks with the senior-most lenders of its bankrupt unit as the casino company tries to win creditor support ahead of a...

8/20/2015

article Talks stall between Caesars, lenders on bankruptcy plan
(Chicago) -- Talks have once again ended between a bankrupt division of casino giant Caesars Entertainment Corp. and its bank lenders as the company aims to get its...

8/18/2015

article Talks stall between Caesars, lenders on bankruptcy plan
(Las Vegas) -- Talks have once again ended between a bankrupt division of casino giant Caesars Entertainment Corp. and its bank lenders as the company aims to get its...

8/17/2015

article Restructuring talks between Caesars, bank lenders break off
(Chicago) -- Caesars Entertainment Corp. has broken off negotiations with several first-lien creditors who had not yet signed on to the company's massive...

8/11/2015

article Caesars Accused in Suit of Paying Creditors for Plan Support
(Chicago) -- Creditors of Caesars Entertainment Operating Co. sued the bankrupt casino company, accusing it of trying to buy votes for its reorganization plan. A group...

8/10/2015

article Caesars' Gary Loveman On Bankruptcy, Internet Gaming and Atlantic City
(Nevada) -- More than 15 years after joining the former Harrah’s, Gary Loveman is getting used to a new role with Caesars Entertainment Corp. Today, he’s...
article Caesars’ creditors turn on each other; Loveman vents online poker frustrations
(Las Vegas) -- The bankruptcy proceeding involving casino operator Caesars Entertainment Corp’s main unit officially entered comedic territory on news that Caesars...

8/9/2015

article Gary Loveman Talks Online Poker in America
(USA) -- Online poker has plenty of potential in the United States, but it will need a wider player base in order to succeed. That’s the opinion of Caesars...
article Caesars: Quest Continues
(Las Vegas) -- Caesars Entertainment Corporation officials say they have reached an “amended restructuring support agreement” with its top holders of the...

8/4/2015

article Caesars boosts revenue, turns around loss in second quarter
(Las Vegas) -- Caesars Entertainment, the massive casino company whose Strip properties include Caesars Palace, the Flamingo and the Paris, reported its second quarter...
article Caesars Entertainment Swings to Quarterly Profit, but Revenue Less Than Expected
(New York) -- Caesars Entertainment Corp. swung to a profit but reported revenue rose less than expected in the June quarter, despite the opening of new casinos. The...
article Caesars reports 17.4 percent revenue increase, reverses net loss
(Las Vegas) -- Caesars Entertainment Corp. said Tuesday its net revenue increased 17.4 percent in the second quarter, crediting the openings of The Cromwell on the Strip...

8/3/2015

article Caesars creditors would control proposed real estate trust
(New York) -- Creditors owed billions by Caesars Entertainment Corp.'s largest operating division will control the board of the planned real estate investment trust...

8/1/2015

article Caesars announces new restructuring support agreement with top lenders
(Las Vegas) -- Caesars Entertainment Corp. said late Friday it reached an "amended restructuring support agreement" with its largest lenders as the company...

7/31/2015

article 5 things to keep in mind as the Caesars bankruptcy progresses
(Las Vegas) -- More than six months after a major division of Caesars Entertainment Corp. filed for bankruptcy, it’s still unclear exactly how the company will emerge on...

7/30/2015

article Bankruptcy court denies Caesars Entertainment’s quick appeal
(Chicago) -- A bankruptcy court that ruled lawsuits against Caesars Entertainment Corp. would not be halted as the company's debt-heavy subsidiary attempts to emerge...

7/29/2015

article Caesars Loses Bid for Quick Appeal to Halt Bondholder Suits
(Chicago) -- Caesars Entertainment Operating Co. was denied permission to pursue a quicker-than-normal appeal of a ruling that allows bondholder lawsuits against its...

7/28/2015

article Caesars Lawsuits Can Go Forward
(Chicago) -- The judge in the bankruptcy case of Caesars Entertainment’s largest operating unit has ruled that lawsuits against the operator can go forward during...

7/27/2015

article Caesars spends $223 million to transform Strip resort into The Linq
(Las Vegas) -- This is the last name change for the former Imperial Palace and the short-lived Quad. That's what a $223 million renovation will buy. A top to bottom...

7/26/2015

article Caesars Lawsuits Can Go Forward
(Las Vegas) -- U.S. Bankruptcy Judge A. Benjamin Goldgar has handed Caesars Entertainment a potentially crushing setback in the operator’s efforts to win approval...
article Caesars Entertainment Corp Debt Trading 1.5% Higher (CZR)
(Wall Street) -- An issue of Caesars Entertainment Corp (NYSE:CZR) bonds rose 1.5% as a percentage of their face value during trading on Friday, Analyst Ratings Network....

7/22/2015

article Caesars close to folding after losing bid to halt creditor suit
(Chicago) -- Caesars Entertainment, the world’s biggest casino chain, lost a high-stakes legal battle on Wednesday — and could see the entire company...
article Caesars edges closer to joining operating unit in bankruptcy
(Chicago) -- Caesars Entertainment Corp. may be closer to joining its operating unit in bankruptcy after a federal judge refused to protect the casino company from...
article Caesars Falls 50% on Court Ruling That May Spur Bankruptcy
(New York) -- Caesars Entertainment Corp. may be forced to make major financial concessions to creditors to avoid bankruptcy after a judge said the casino company must...
article Caesars loses bid to halt lawsuits; shares drop sharply
(Chicago) -- Caesars Entertainment Corp. must defend creditor lawsuits claiming up to $11 billion after a U.S. bankruptcy judge in Chicago denied a request to put those...
article Caesars Shares Sink on Judge's Ruling
(New York) -- A judge dealt a blow to Caesars Entertainment Corp.'s restructuring strategy with a ruling that gave leverage to creditors fighting the casino giant...

7/21/2015

article Bankruptcy of Caesars unit racks up $47 million in costs
(Las Vegas) -- The bankruptcy of Caesars Entertainment Corp.'s debt-heavy subsidiary has racked up nearly $47 million in legal fees and expenses in about 4 1/2...
article Caesars reaches restructuring deal with second-tier creditors
(Las Vegas) -- Caesars Entertainment Corp. struck an agreement with a large group of the company‘s second-tier debt holders, which could smooth out the bankruptcy...

7/18/2015

article New Caesars CEO blamed for Hertz accounting failures
(Las Vegas) -- Mark Frissora, the three-week-old CEO of Caesars Entertainment Corp., was accused by Hertz Global Holdings of having a "management style and...

7/11/2015

article Deal in the works for Caesars unit’s restructuring
(Wall Street) -- Bloomberg reports that billionaire John Paulson, principal of the hedge-fund firm Paulson & Co, along with other junior debt holders, are discussing...

7/10/2015

article Caesars Acquisition Company Given “Buy” Rating at BTIG Research (CACQ)
(Wall Street) -- Caesars Acquisition Company logoBTIG Research reissued their buy rating on shares of Caesars Acquisition Company (NASDAQ:CACQ) in a research report sent...
press release MWWPR Partners With Caesars Entertainment To Launch Harrah's Waterfront Conference Center In Atlantic City
(New York) -- Caesars Entertainment, the world's largest casino entertainment company, has hired MWWPR for public relations services to support the launch of the new...

7/3/2015

article New Caesars CEO Frissora takes reins of casino company
(Las Vegas) -- A new CEO and president who most recently led rental-car company Hertz takes the helm of Caesars Entertainment Corp. Caesars said Wednesday that Mark...

7/2/2015

article Mark Frissora Takes Over as Caesars Entertainment President and CEO
(Las Vegas) -- Gambling operator Caesars Entertainment Corporation announced that Mark Frissora assumed his post of President and Chief Executive Officer of the company...

7/1/2015

article New CEO takes helm at Caesars Entertainment
(Las Vegas) -- For the first time in 12 years, a new person is at the top of Caesars Entertainment Corp. Mark Frissora took over as CEO of the casino giant Wednesday,...
article Caesars Wants Bankruptcy Investigator to Probe 2008 Buyout
(Chicago) -- Caesars Entertainment Corp.’s main operating unit asked a bankruptcy judge to let a court-appointed investigator scrutinize the 2008 buyout that left the...
press release Mark Frissora Becomes President and CEO of Caesars Entertainment Corporation
(Las Vegas) -- Caesars Entertainment Corporation (CZR) ("Caesars Entertainment, or the "Company") today announced that Mark Frissora has assumed the role...

6/29/2015

article Filing: Caesars bankrupt division had $53 million profit in April
(Las Vegas) -- Caesars Entertainment Corp. said its bankrupt operating division had a net income of $53 million in April, according to a securities filing. The division...
article Weary but Unbowed, Caesars CEO Defends His Tenure
(New York) -- A year after becoming chief executive of Caesars Entertainment Corp. in 2003, Gary Loveman told students at Stanford University that he would inject his...

6/23/2015

article Judge delays ruling in reorganization of Caesars’ largest unit
(Chicago) -- A bankruptcy judge has delayed a ruling in the reorganization of Caesars Entertainment Corp.’s largest operating division until October. Investors...

6/16/2015

article Caesars hit with $6 bln lawsuit tied to restructuring
(New York) -- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its plan...

6/9/2015

article Jan Jones Confident In Caesars' Future
(Las Vegas) -- When Jan Jones Blackhurst began working at Caesars Entertainment, it was a very different company. It was known as Harrah’s Entertainment and the...

6/5/2015

article A private equity gamble in Vegas gone wrong
(Las Vegas) -- There have been so many truly extraordinary twists and turns in the saga of Caesars Entertainment CZR -12.71% over the past eight years that it’s...
article Inside Gaming: Caesars Ruled Against in Bankruptcy Battle, NJ Looks Beyond Atlantic City
(New Jersey) -- While the 2015 World Series of Poker continues at the Rio All-Suite Hotel and Casino, there has been more news over the past week regarding Caesars...

6/4/2015

article 5 things you didn’t know about Caesars Palace —VIDEO
(Las Vegas) -- Caesars Palace opened in 1966, looking nothing like the iconic multi-tower luxury hotel Las Vegas now knows. Today, the hotel features 3,960 rooms in six...

6/3/2015

article Adviser of Caesars Unit Sees Danger in Lawsuits Continuing Against Parent
(Chicago) -- The continuation of creditors’ lawsuits against Caesars Entertainment Corp. could cause one of the “great messes of our time,” a financial...
article Caesars argues case for staying lawsuits related to bankrupt unit
(Chicago) -- Caesars Entertainment Corp began a trial on Wednesday, hoping to convince a judge to put on hold lawsuits against the casino company that it said threatened...

6/2/2015

article Caesars shares punished after judge’s ruling favors creditors
(New York) -- Investors hammered the stock price of Caesars Entertainment Corp. over the past two days after a federal judge handed a small victory to creditors seeking...

6/1/2015

article Caesars CEO: Tough sledding in Atlantic City
(Atlantic City) -- Caesars Entertainment CEO Gary Loveman explains how he is putting his successor Mark Frissora in a position to succeed and the state of the economy...
article Caesars Entertainment Falls 16% After Judge’s Court Ruling
(Chicago) -- Caesars Entertainment Corp. fell 16 percent to its lowest in more than two years after a judge delivered a victory for creditors that could expose the...

5/27/2015

article Costs from Stockton University's casino purchase grow
(Atlantic City) -- The multimillion-dollar repercussions from a state university’s purchase of a defunct casino hotel in Atlantic City keep piling up, and recently...

5/26/2015

article Deed restrictions at heart of Stockton's claim against Caesars, Showboat
(New Jersey) -- Stockton University is stuck between two land covenants. A 1988 covenant between Showboat and Taj Mahal requires the Showboat site in Atlantic City be...
article Stockton sues Caesars over Showboat deal
(Atlantic City) -- Stockton University has filed a legal claim against Caesars Entertainment Operating Company, or CEOC, and Showboat Atlantic City over the university...
article STUTZ: New Jersey college sues Caesars over shuttered Showboat
(New Jersey) -- A New Jersey college that bought the closed Showboat Atlantic City from Caesars Entertainment Corp. last year with plans to turn the shuttered casino...
article Caesars Entertainment to Resume Some Deferred Compensation Following Bankruptcy Scandal
(Las Vegas) -- Caesars Entertainment Corp. is still working its way through bankruptcy, and it is unlikely that everyone owed money by the company will be happy with the...

5/22/2015

article Payments resume to some Caesars employees who lost out in bankruptcy
(Las Vegas) -- Caesars Entertainment Corp. is making payments to a portion of the company’s current and former employees who lost a combined $78.6 million in...

5/20/2015

article UNLV law professor is a key player in Caesars Entertainment bankruptcy case
(Las Vegas) -- Although the Caesars Entertainment bankruptcy is playing out in a Chicago court far from Nevada, it’s still closely connected to Las Vegas,...

5/19/2015

article More than 50 people laid off at Caesars Windsor
(Windsor) -- Caesars Windsor has given layoff notices to more than 50 full- and part-time workers in finance, transportation and food and beverage. The notices were...
article Caesars' creditors appeal bankruptcy start date, cite $468 mln lawsuit
(Chicago) -- May 18 Timing is everything for creditors appealing the start date of the bankruptcy filing for Caesars Entertainment Corp's operating company in hopes...

5/14/2015

article Caesars Entertainment Corp Price Target Lowered to $11.00 at Barclays (CZR)
(Wall Street) -- Caesars Entertainment Corp (NYSE:CZR) had its price objective trimmed by Barclays from $17.00 to $11.00 in a research report released on Thursday...

5/12/2015

article Caesars facing fine of up to $20 million to settle money laundering charges
(Washington D.C.) -- Caesars Entertainment Corp. said it was in discussions with federal authorities to settle money laundering allegations at Caesars Palace and the...
article Leon Black will pay Caesars executives $81M in deferred pay
(New York) -- Leon Black has blinked. The private equity mogul’s Caesars Entertainment will resume paying most of the 340 current and former executives owed $81...

5/11/2015

article Caesars Holds Talks With U.S. Over Money-Laundering Probe
(Washington D.C.) -- Caesars Entertainment Corp. said it’s holding talks with federal regulators over an investigation into the company’s compliance with...
article Caesars Interactive secures ‘impressive’ first quarter
(New York) -- US operator Caesars Acquisition Company has said that its Caesars Interactive Entertainment business unit was able to achieve “impressive”...

5/9/2015

article Caesars Acquisition Company Cut to “Hold” at Zacks (CACQ)
(Wall Street) -- Zacks downgraded shares of Caesars Acquisition Company (NASDAQ:CACQ) from a buy rating to a hold rating in a report issued on Thursday.

5/7/2015

article Caesars up 7.5%, but Atlantic City market still a worry
(Atlantic City) -- Net revenue at Caesars Entertainment Resort Properties, which houses Harrah’s Atlantic City, rose 7.5 percent, to $529 million, from the first...

5/6/2015

article Casinos forfeit $12K in winnings by underage gamblers; Caesars fined for paperwork violation
(Atlantic City) -- Four Atlantic City casinos have forfeited more than $12,000 won by underage gamblers. The casinos seized the money from patrons found to be under the...
article Caesars CEO: First quarter was company’s best since 2008
(Las Vegas) -- Caesars Entertainment, the casino giant that controls such Las Vegas properties as Caesars Palace, Paris and the Flamingo, reported its first-quarter...
article Caesars turns in best quarterly performance since 2008
(Las Vegas) -- Bankrupt Caesars Entertainment had its best quarterly performance since 2008 because of improving results at its Las Vegas properties and higher volume in...
article Judge delays decision on Caesars bankruptcy protocols
(Las Vegas) -- The bankrupt operating unit of casino company Caesars Entertainment Corp agreed to grant creditors access to records through an independent examiner...

5/5/2015

article Australian lobsters highlight Caesars’ cost-cutting moves
(Las Vegas) -- Caesars Entertainment, as its casino business first started to erode, showed investors that it was ready to make some huge cost cuts — like...

5/2/2015

article Why Investors Are Short-Selling This Las Vegas Casino
(Wall Street) -- It's hard to resist bad gambling analogies when discussing the current state of tottering casino giant Caesars Entertainment (NASDAQ: CZR) .
article Vegas Uncork’d hosted the Grand Tasting at Caesars Palace Las Vegas
(Las Vegas) -- Bon Appetit Magazine hosted the annual four day epicurean event called Vegas Uncork’d in Las Vegas, bringing out the legendary chefs in the culinary...

5/1/2015

article Apollo Said to Plan Debt Investor Meetings to Mend Relations
(New York) -- Apollo Global Management LLC is meeting with some of the bond market’s biggest investors to smooth over strained relationships amid accusations it...

4/30/2015

article Caesars Examiner Close to Deal on Creditors’ Investigation
(Chicago) -- The independent examiner in Caesars Entertainment Operating Co. moved closer to a deal with creditors Wednesday on how the parties will conduct their...

4/29/2015

article Caesars gets temporary extension to keep control of bankruptcy
(Chicago) -- A judge on Wednesday allowed the operating unit of Caesars Entertainment Corp to control its bankruptcy for another month, as creditors try to reach common...
article Caesars May Face Multiple Probes of Pre-Bankruptcy Actions
(Chicago) -- Caesars Entertainment Operating Co. may face multiple probes of its pre-bankruptcy restructuring efforts, a judge said in a ruling that might unleash a...

4/27/2015

article Judge: Caesars Can Demolish Harrah's Casino in Mississippi
(Mississippi) -- A Chicago bankruptcy judge has blessed plans to dismantle the former casino at the shuttered Harrah's complex in Mississippi's Tunica County. U....

4/25/2015

article Caesars’ Troubles Continue in 2015
(Las Vegas) -- On January 15, Caesars Entertainment Operating Company, Inc. (CEOC), a subsidiary of gambling operator Caesars Entertainment Corporation, filed for...

4/23/2015

article Creditors of bankrupt Caesars unit oppose longer exclusivity period
(Illinois) -- Creditors of the bankrupt operating unit of Caesars Entertainment Corp. said they wanted to stop the casino company from extending the period when it has...
article Creditors, Caesars spar over control of casino bankruptcy
(New York) -- Creditors of the bankrupt operating unit of Caesars Entertainment Corp said they wanted to stop the casino company from extending the period when it has...

4/20/2015

article Shares of Caesars fall sharply as debt talks fail
(Las Vegas) -- Shares of Caesars Entertainment fell $2.05, or 17 percent on Monday to close at $10. The casino operator said the company’s bankrupt operating...

4/17/2015

article Caesars Seeks More Time to Control Bankruptcy Case
(Illinois) -- Caesars Entertainment Operating Co. wants to extend until Nov. 15 the amount of time it has to file its own reorganization proposal without the threat of...

4/15/2015

article Caesars nears deal over anti-money laundering lapses -sources
(Missouri) -- The U.S. Treasury Department's anti-money laundering unit may soon issue a civil penalty to Caesars Entertainment Corp over anti-money laundering...

4/2/2015

article Millions owed top Caesars execs may be lost forever
(Las Vegas) -- Caesars Entertainment Corp. owes Chairman Gary Loveman a lot of money he may never collect. Loveman is one of 279 current and former Caesars executives...

3/29/2015

article Las Vegas casino industry on the mend: Caesars CEO
(Las Vegas) -- It's been a tough few years for casino operators in Las Vegas. However, Caesars Entertainment CEO Gary Loveman believes the industry is on the mend.
article Caesars said close to deal with top lenders to bankrupt unit
(New York) -- Caesars Entertainment Corp. is close to winning support from a group of its highest-ranking lenders for a restructuring of its biggest unit, a deal that...

3/28/2015

article Disgusts Over Caesars Bankruptcy Frustrates NV Regulators
(Nevada) -- Caesars Entertainment sat down with the Nevada Gaming Commission for their routine meeting, but instead of discussing what should have been talked about the...

3/26/2015

article Caesars official says company can’t fund some pension payouts
(Nevada) -- Caesars Entertainment Corp. General Counsel Tim Donovan said Thursday that the company asked its bankruptcy lawyers about finding a way to make pension...
article Gaming regulators scold Caesars, calling company’s bankruptcy an embarrassment
(Nevada) -- To get a sense of just how complicated the bankruptcy of Caesars Entertainment’s main operating division is, picture a Chicago courtroom filled with...
article Judge OKs ex-Watergate lawyer to delve into Caesars bankruptcy
(Chicago) -- A lawyer who made his name as a Watergate prosecutor was approved on Wednesday to begin investigating a series of corporate deals in the lead-up to the...
article Nevada casino regulators scold Caesars for bankruptcy
(Nevada) -- Nevada gambling regulators called the bankruptcy of Caesars Entertainment Corp.'s debt-heavy subsidiary an embarrassment and lamented the company's...

3/25/2015

article Caesars bets big on Atlantic City meeting market with center
(Atlantic City) -- Caesars Entertainment says advance bookings have surpassed expectations at the new conference center it's building in Atlantic City. The casino...
article Caesars Judge to Weigh Shielding Parent From Creditor Suits
(Chicago) -- A federal judge agreed to decide in June whether Caesars Entertainment Corp. should be shielded from lawsuits accusing the gambling company of protecting...

3/24/2015

article Caesars retiree bitter after flow of pension checks stops
(Las Vegas) -- Kenneth Houng became one the Strip’s first Asian casino hosts when he joined Caesars Palace in 1982. He never wanted to work anywhere else. He spent...

3/23/2015

article Planet Hollywood’s sale valuation off: source
(New York) -- Leon Black is rolling craps, hoping his valuation of the Las Vegas Planet Hollywood Casino — at issue in the Caesars Entertainment split-up —...

3/22/2015

article Caesars’ Bid To Dismiss Creditor Lawsuits Shot Down By Judge
(Atlantic City) -- Caesars Entertainment has failed in its bid to have litigation dismissed by a Delaware judge this week, despite arguing that the “material...

3/19/2015

article Caesars asks bankruptcy court to freeze changes to Pier Shops
(Atlantic City) -- Caesars Atlantic City has asked for a “fiscal agent” to be appointed to manage the finances of the Pier Shops, as well as for an order...
article Delaware Court Refuses to Squash Suit Against Caesars
(Delaware) -- A Delaware corporate law judge on Wednesday refused to throw out a lawsuit over alleged improper asset transfers by Caesars Entertainment Corp., the casino...
article In Caesars Fight, Data on Players Is Real Prize
(Las Vegas) -- The most valuable asset in the bitter bankruptcy feud at Caesars Entertainment Corp. isn’t the casino operator’s opulent Roman-themed resort...

3/17/2015

article Caesars dissolves deals with Kansas City Chiefs, others
(USA) -- A bankruptcy judge says an arm of casino giant Caesars Entertainment Corp. can tear up contracts with the Kansas City Chiefs, a Springhill Suites in Louisiana...
article Caesars says lawsuits raise ‘going concern’ doubts
(New York) -- Caesars Entertainment Corp. said in an securities filing late Monday the numerous lawsuits filed by bondholders over the bankruptcy restructuring of its...
article Caesars Warns Creditor Lawsuits Imperil Going-Concern Status
(New York) -- Caesars Entertainment Corp., the casino company whose largest unit is in bankruptcy, warned that lawsuits stemming from its restructuring efforts could...

3/13/2015

article Judge orders examiner in Caesars' affiliate bankruptcy
(Illinois) -- A U.S. bankruptcy judge on Thursday ordered an independent examiner to investigate transactions by the operating unit of Caesars Entertainment Corp, which...

3/11/2015

article STUTZ: Caesars attorney: Company ‘looking seriously’ at lost pension payments
(Las Vegas) -- An attorney for a bankrupt division of Caesars Entertainment Corp. told the Gaming Control Board Wednesday the company was “looking seriously...

3/9/2015

article Incoming Caesars CEO Mark Frissora has work cut out
(USA) -- Incoming Caesars Entertainment CEO Mark Frissora is the anti-Gary Loveman, who leaves the post in June but will remain the company’s chairman.
article Pension fund kicks out Caesars, demands $462M
(Atlantic City) -- The National Retirement Fund has expelled Caesars’ three Atlantic City casinos from its multi-employer pension plan and demanded $462 million in...
article Some ex-Caesars employees lose retirement income because of bankruptcy
(Las Vegas) -- An undisclosed number of former Caesars Entertainment Corp. employees have lost their retirement income because of the casino company’s bankruptcy...
article World's tallest observation wheel falls short on riders
(Las Vegas) -- The world's tallest observation wheel hasn't quite reached the elevated expectations of its owner. Caesars Entertainment officials have said the...

3/8/2015

article Incoming Caesars CEO Mark Frissora has work cut out
(Atlantic City) -- Incoming Caesars Entertainment CEO Mark Frissora is the anti-Gary Loveman, who leaves the post in June but will remain the company’s chairman.

3/5/2015

article Bankrupt Caesars unit gets court’s approval to use cash, for now
(New York) -- A federal judge in Chicago ruled Wednesday that a bankrupt division of Caesars Entertainment Corp. can tap some of the $847 million in cash it has on hand...

3/4/2015

article Caesars Files Plan Shows No Creditor Recoveries: Bankruptcy
(Chicago) -- Caesars Entertainment Operating Co. filed a proposed reorganization plan Monday evening designed to implement a restructuring the casino owner negotiated...
article Caesars’ Junior Creditors Can Keep Voice in Case
(Chicago) -- A bankruptcy judge on Wednesday refused to disband an official committee of junior bondholders of Caesars Entertainment Operating Co. debt, a win for...

3/3/2015

article Caesars operating unit details plan to cut $10 billion in debt
(New York) -- The largest operating unit of casino company Caesars Entertainment Corp. detailed its plan to cut $10 billion of debt and to exit Chapter 11 in a late...
article Caesars' operating unit files bankruptcy exit plan
(New York) -- The operating unit of casino company Caesars Entertainment Corp unveiled its plan to cut $10 billion of debt and to exit Chapter 11 in a late Monday filing...

3/2/2015

article Native American languages still not offered at UM
(Montana) -- There are 10 distinct Native American tribes with 10 distinct languages in Montana, according to the Sacred Roots Language Society, but none of them are...
article Caesars narrows loss, offers little details on bankruptcy
(Las Vegas) -- Anyone hoping for extensive details Monday on the bankruptcy efforts covering Caesars Entertainment Corp.’s largest operating division was...
article Caesars reports 4Q, annual losses; CEO encouraged by 2015
(Las Vegas) -- The gambling gods were not kind to Caesars Entertainment Corp. in the fourth quarter. The Las Vegas company reported a loss of over $1 billion during the...
article Caesars revenue rises, loss narrows
(Las Vegas) -- Caesars Entertainment Corp. reported that its revenue rose 6.3% during the fourth quarter, as growth in food and beverage sales and room revenue provided...
article Caesars Tumbles On $1 Billion Loss
(New York) -- Caesars Entertainment shares tumbled in after-hours trading on Monday after the casino and entertainment provider missed both top and bottom line estimates...
article Caesars Sees Slow Climb for Ferris Wheel on the Las Vegas Strip
(Las Vegas) -- Caesars Entertainment Corp.’s High Roller Ferris wheel on the Las Vegas Strip, part of a $550 million facelift for the casino operator, is coming up...

2/27/2015

article Caesars sells Horseshoe Casinos stake
(Ohio) -- Struggling Caesars Entertainment Corp. has cut a deal with Dan Gilbert's Rock Gaming to sell out of its 20 percent stake in the Horseshoe Casino and...
article Deal gives Rock Ohio Ventures complete ownership of Horseshoe Cleveland, ThistleDown racino
(Ohio) -- Rock Ohio Ventures LLC, along with Rock Ohio Caesars LLC, owner of the Horseshoe Cleveland and Horseshoe Cincinnati casinos and the ThistleDown racino, now...
article Rock Ohio Ventures buy Caesar's 20 percent interest and now owns Horseshoe Casino Cleveland, ThistleDown and other entities
(Ohio) -- Rock Ohio Ventures, along with Rock Ohio Caesars, LLC, the entity that owns the Horseshoe Cleveland and Horseshoe Cincinnati casinos and the ThistleDown racino...
article The Daily Docket: Caesars Unit Seeks Outside Examiner
(Wall Street) -- The bankrupt main operating unit of Caesars Entertainment Corp. has asked that an outsider be summoned to probe alleged insider-led looting of the...
article Will Caesars Entertainment (CZR) Surprise this Earnings? - Analyst Blog
(Wall Street) -- Caesars Entertainment Corporation (CZR) is set to report fourth-quarter 2014 results on Mar 2, 2015. Last quarter, it posted a negative earnings...

2/26/2015

article Pier Shops tenants blast Caesars
(Atlantic City) -- More from Bart Blatstein's Atlantic City adventure: On Tuesday, some tenants of the beleaguered Pier Shops came forward to blast Caesars for...
article Caesars sells Horseshoe Casinos stake
(Ohio) -- A bankrupt Caesars Entertainment unit has cut a deal with Dan Gilbert's Rock Gaming to sell out of its 20 percent stake in the Horseshoe Casino and related...

2/23/2015

article Caesar's Bankruptcy Won't Help City Police
(Atlantic City) -- The bankruptcy of Caesar's casino does not entitle Atlantic City police to stay claims that they assaulted a topless woman trying to record them...
article Caesars denies another request from second-level bond holder
(New York) -- Caesars Entertainment Corp. is getting used to saying no. For the second time in two weeks, the casino operator rejected a demand from an unsecured second...

2/19/2015

article Caesars Seeks to Disband Committee of Hostile Creditors
(New York) -- Caesars Entertainment Operating Co. asked a judge to disband a committee of creditors that was set up to represent the interests of investors hostile to...

2/18/2015

article Caesars turns down debt holders request for payment
(New York) -- Caesars Entertainment Corp. provided a simple answer to another request from second lien bond holders to pay back more than $3.8 billion owed by the casino...

2/17/2015

article PokerStars, Caesars To Lobby Together For I-Poker
(Washington D.C.) -- They still are rivals in the space, but Caesars Entertainment Corp. and PokerStars have reportedly come to some sort of mutual understanding and are...
article “PokerStars Are a Strong Ally,” Says Caesars Exec
(Las Vegas) -- Caesars Entertainment Corp. have decided to let bygones be bygones and form an alliance with PokerStars as they ready themselves for the next wave of...

2/16/2015

article Caesars and PokerStars Join Forces to Oppose Adelson
(Washington D.C.) -- PokerStars and Caesars Entertainment will set aside their differences and become allies in the fight to legalize online gambling in the United...
article Caesars And PokerStars To Undertake Joint Online Poker Lobbying Effort
(Washington D.C.) -- The landscape of U.S. regulated online poker underwent a seismic shift last week with the news that Caesars was dropping their opposition to...
article Caesars executive backs PokerStars for legalisation in US
(Las Vegas) -- Jan Jones Blackhurst, executive vice-president of communication and government relations at Caesars Entertainment Corporation, has spoken out in support...
article Caesars Gives In On Bad Actor Clause in California Online Poker
(California) -- Interest in precluding PokerStars from participating in the California online poker market is waning. Last week, supporters of new laws to regulate...
article Caesars May Drop Opposition to PokerStars in California
(California) -- Online poker in California would be a big money maker for anyone who can get into the market. That, unfortunately, is part of the problem: everyone has a...

2/11/2015

article Caesars’ Loveman Stepping Down
(Las Vegas) -- Caesars Entertainment, on the heels of the bankruptcy filing of its largest unit, announced that Gary Loveman, who has been the operator’s CEO for...

2/10/2015

article Caesars Loveman drops CEO reins to mixed reviews
(Las Vegas) -- Caesars Entertainment CEO Gary Loveman has been called "The Experimenter" and the father of the modern comp after creating the most...

2/9/2015

article Caesars Swaps Payout Tied to Expired Pacts Denied by Panel
(USA) -- A review panel appointed by the International Swaps & Derivatives Association denied payouts on contracts tied to Caesars Entertainment Corp. that expired...
article The Legacy of Gary Loveman and Caesars Entertainment
(Las Vegas) -- Caesars Entertainment announced February 4 that Gary Loveman, CEO since 2003, would be stepping down effective June 30. While he will remain as chairman...

2/8/2015

article Caesars’ Loveman Stepping Down
(Las Vegas) -- Caesars Entertainment, on the heels of the bankruptcy filing of its largest unit, announced that Gary Loveman, who has been the operator’s CEO for...

2/6/2015

article Caesars to Face Two Creditor Panels, One Controlled by Foes
(Las Vegas) -- Caesars Entertainment Operating Co. will be paying the legal bills for the gambling company’s most intractable foes to fight against its proposed...
article Lack of casino experience, stormy exit from previous job didn’t trip up new Caesars CEO
(Las Vegas) -- Caesars Entertainment’s next chief executive left his last job after revelations of accounting problems at his company and calls for his resignation...

2/5/2015

article Caesars Entertainment CEO to Leave After July 1
(Atlantic City) -- Caesars Entertainment Corp. chief executive Gary Loveman announced Wednesday he will hand the reigns of the casino-hotel empire to former Hertz rental...
article Chief of Troubled Casino Operator Caesars to Step Down
(New York) -- Gary Loveman, the longtime chief executive of Caesars Entertainment, the troubled casino operator whose largest unit recently filed for Chapter 11...
article Former Hertz CEO to Take Helm at Caesars
(Wall Street) -- Casino operator Caesars Entertainment Corp. said Wednesday that Gary Loveman plans to step down as chief executive, and former Hertz Global Holdings Inc...
article STUTZ: Caesars new CEO to earn $1.8 million, eligible for bonus
(Las Vegas) -- Caesars Entertainment’s new chief executive will earn $1.8 million a year in salary, according a filing Thursday with the Securities and Exchange...

2/4/2015

article Caesars Creditor Panel Will Set Tone for $20 Billion Bankruptcy
(USA) -- Creditors of Caesars Entertainment Operating Co. are gathering in Chicago to jockey for spots on a court- sponsored panel that will determine whether the...
article Caesars Names Ex-Hertz Chief Frissora to Succeed Loveman
(Las Vegas) -- Caesars Entertainment Corp. named former Hertz Global Holdings Inc. Chief Executive Officer Mark Frissora as its new CEO to succeed Gary Loveman, three...

2/3/2015

article Caesars Seeks to Avoid Deciding Start Date of Bankruptcy
(USA) -- Caesars Entertainment Operating Co. asked a Chicago judge to “suspend” an involuntary bankruptcy petition filed by junior creditors in Delaware,...
article Exclusive: Amid U.S. probes, Caesars poaches top money laundering expert
(USA) -- Caesars Entertainment Corp (CZR.O), under investigation by the U.S. Treasury and a federal grand jury over alleged failures to comply with anti-money laundering...

2/2/2015

article Caesars backs independent bankruptcy examiner to probe transfers
(Illinois) -- Caesars Entertainment Corp supports demands by creditors for an independent examiner to review recent deals by the casino company's bankrupt operating unit...

1/30/2015

article Forward Motions: Caesars Bankruptcy Action Headed Back to Chicago
(Wall Street) -- After a heated venue fight that concluded with Caesars Entertainment Corp.CZR -6.75%’s bankruptcy remaining in Chicago, not in Delaware, the...

1/28/2015

article Caesars Wins Bid to Move $20 Billion Bankruptcy to Chicago
(Delaware) -- Caesars Entertainment Operating Co. won a bid to have its bankruptcy heard in Chicago, where it might be easier to protect the casino operator’s...
article Harsh Words for Caesars in Court
(Delaware) -- A federal bankruptcy judge dispensed harsh words for Caesars Entertainment Corp. and its private-equity owners Wednesday, marking the second time this...
article Judge Says Bankruptcy of Caesars Unit Can Proceed in Chicago
(Delaware) -- A federal bankruptcy judge in Delaware said on Wednesday that Caesars Entertainment, the troubled casino operator, could proceed with a Chapter 11...
article Judge says Caesars bankruptcy case will proceed in Illinois
(Delaware) -- A federal judge in Delaware ruled Wednesday that the Chapter 11 case of casino giant Caesars Entertainment Corp. will proceed in Illinois, denying a motion...
article Tepper loses fight to restructure Caesars in Delaware
(Delaware) -- Score one for private-equity mogul Leon Black. The co-founder of Apollo Global Management won the first round in a heavyweight bankruptcy court battle...
article No impact to gaming market from Caesars' bankruptcy
(Louisiana) -- The recent bankruptcy filing of the parent company of two local gaming facilities should be unnoticeable to patrons and is raising no red flags with...

1/27/2015

article Judge to rule Wednesday if Caesars' bankruptcy stays in Chicago
(Delaware) -- The operating unit of Caesars Entertainment Corp will learn Wednesday whether its bankruptcy will proceed in Chicago, where the casino company filed for...
article Big Decisions and Small: When Analytical Pioneers Go Awry
(New York) -- The corporate news of late features a couple of analytical pioneers, Caesars Entertainment and Tesco PLC, that have fallen on hard times. Caesars did a...

1/26/2015

article Caesars makes its pitch for Chicago as bankruptcy venue
(New York) -- The casino operating unit of Caesars Entertainment Corp should be allowed to choose where to file for bankruptcy even if it misbehaved, the company's...
article Caesars Says Creditor Deal May Die If Early Bankruptcy Stands
(New York) -- Caesars Entertainment Operating Co.’s refinancing deal with senior noteholders may die if a court chooses Jan. 12 as the start date for its...
article Caesars, creditors start unusual trial to pick bankruptcy court
(Delaware) -- The operating unit of Caesars Entertainment Corp. begins an unusual two-day trial on Monday to decide which of two bankruptcy courts will review its $10...
article First Fight in Caesars Bankruptcy Campaign? Battle Site
(New York) -- Caesars Entertainment Operating Co. opened its $20 billion bankruptcy fight Monday, pitting creditors against the gambling company’s controlling...

1/25/2015

article Caesars bankruptcy venue decision near
(Las Vegas) -- Delaware or Chicago: Troubled casino giant Caesars Entertainment Corp. should find out early next week where a subsidiary’s Chapter 11 bankruptcy...

1/24/2015

article Caesars Accused in Lawsuit of Trying to Buy Bank Lenders’ Votes
(Wall Street) -- Caesars Entertainment Corp. (CZR), which has been gathering support for a plan backed by Leon Black’s Apollo Global Management LLC (APO), was...

1/22/2015

article Wall Street service warns Caesars restructuring will be ‘drawn out’ process
(New York) -- The efforts by Caesars Entertainment Corp. to restructure 81 percent of its gaming industry-high debt will be a “drawn out” process, a Wall...
article What Caesars’ Bankruptcy Means for Online Poker Players in New Jersey and Nevada and the WSOP
(Las Vegas) -- WSOP.com is now the top poker room in Nevada and New Jersey, the World Series of Poker remains far and away the biggest prize money event in the world,...

1/21/2015

article A Bitter Fight for Caesars Assets
(New York) -- Leon Black and Paul Singer got rich by outsmarting other people. For much of this year they’ve been trying to outsmart each other. Black’s...

1/20/2015

article Caesars Faces Fraught Bankruptcy Fight [sub req]
(New York) -- The restructuring of Caesars Entertainment is growing even more complex, with court filings in three different states and one judge saying Caesars’...
article Federal Judge Sets Back Caesars Bankruptcy Efforts
(New York) -- A New York judge dealt Caesars Entertainment’s bankruptcy reorganization plan a possible fatal blow, ruling the company violated federal law. On...

1/19/2015

article Federal Judge Criticizes Caesars Over Financial Restructuring
(New York) -- Caesars Entertainment Corp. may have violated federal law when it shuffled its casino assets, a federal judge said, in a ruling that could complicate the...

1/18/2015

article Caesar's bankruptcy case venue up in the air
(Delaware) -- With Caesars Entertainment Operating Co.'s bankruptcy hovering between Chicago and Wilmington, what inferences, if any, can be drawn from the actions...
article Caesars Bankruptcy Reorganization Dealt Setback by Federal Judge
(New York) -- A judge dealt Caesars Entertainment Corp’s bankruptcy reorganization a possible fatal blow in ruling that the company violated federal law when it...
article Caesars Bankruptcy Sets Legal Battle
(New York) -- The ongoing battle of Caesars Entertainment, the industry’s most indebted operator, to restructure the largest portion of its record $25 billion in...
article Caesars Is in Bankruptcy, But It’s Still Business as Usual for the Gaming Giant
(New York) -- Caesars Entertainment Corp.’s main operating unit can continue business as usual for now as its owners try to rid it of about $10 billion in debt in...
article Harrah's Ak-Chin not involved in Caesar's Chapter 11
(Arizona) -- While Caesar’s Entertainment Operating Company is undergoing Chapter 11 reorganization, the company emphasizes many of its associated properties are...

1/17/2015

article Largest Unit Of Gambling Giant Caesars Files For Bankruptcy
(USA) -- Caesars — the giant gambling company — put its largest unit into bankruptcy on Thursday. The company was acquired by private equity firms Apollo and...
article BLOG: Why Did Caesars Choose Chicago?
(Illinois) -- As restructuring professionals counted down the hours until Caesars Entertainment Corp. put its largest unit into Chapter 11 protection in Chicago, they...
article Caesars bankruptcy ratchets up pressure on other AC casinos
(New York) -- It will get worse before it gets better for Atlantic City’s beleaguered casinos. Gaming giant Caesars put its biggest unit into bankruptcy this week...
article Caesars bankruptcy: What does it mean for company, consumers and employees?
(Las Vegas) -- When the largest operating division of casino giant Caesars Entertainment filed for bankruptcy protection on Thursday, it was just the most recent piece...

1/16/2015

article Caesars unit files for bankruptcy
(New York) -- The main operating unit of troubled US casino giant Caesars Entertainment—owners of the famed Caesars Palace in Las Vegas—said Wednesday it has...
article Nevada Casino Expert: Caesars Bankruptcy Could Be Good News for A.C.
(Philadelphia) -- How much is Atlantic City’s casino industry struggling? You only need to look at the numbers to find out. No, not the four casinos that closed...
article All 3 Caesars casinos in Atlantic City open
(Atlantic City) -- All three Atlantic City casinos owned by Caesars Entertainment remain open, despite a Chapter 11 bankruptcy filing Thursday by a unit of the global...

visionary sponsor advertisement

sponsor advertisement