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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.

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4/24/2014

article Caesars Entertainment Among Firms Seeking Casino Licenses in New York State
(New York) -- Nearly two dozen groups have paid a $1 million application fee for the chance to open a casino in upstate New York, according to information released...

4/23/2014

article Caesars planning expansion to New York
(New York) -- Atlantic City’s largest casino operator wants to expand to New York. Caesars Entertainment announced Wednesday that it has submitted its application...

4/22/2014

article Caesars to bid on one of four New York gaming licenses
(New York) -- Caesars Entertainment Corp. will bid on one of four gaming licenses available for New York with the hopes of building a $750 million hotel-casino complex...

4/21/2014

article Caesars Growth Unit Raises $675 Million to Fund Asset Purchases
(Wall Street) -- Caesars Entertainment Corp. (CZR) sold $675 million of secured bonds as the casino operator struggling under a $23.3 billion debt load seeks to distance...

4/16/2014

article Caesars says it has sold Atlantic City Country Club
(New Jersey) -- Caesars Entertainment Inc. has sold the Atlantic City Country Club to a family-owned South Jersey golf club operator.

4/14/2014

article Bondholders, Buyout Firms Square Off in Caesars Showdown
(Las Vegas) -- A heavyweight fight could soon break out over Caesars Entertainment as the controlling shareholders of the casino company, private-equity giants Apollo...

4/12/2014

article Financial Bigs Face Off in the Ring at Caesars
(Las Vegas) -- A heavyweight fight could soon break out over Caesars Entertainment as the controlling shareholders of the casino company, private-equity giants Apollo...

4/10/2014

article Caesars aims charter flights at Montreal market
(Atlantic City) -- Caesars Entertainment, Atlantic City’s largest casino operator, will tap the Montreal market for gambling customers by combining hotel packages...

4/8/2014

article S&P lowers corporate credit ratings on Caesars, cites outlook as ‘negative’
(Wall Street) -- Standard & Poor’s rating services lowered its corporate credit ratings on Caesars Entertainment Corp., painting a dire picture for the casino...
article S&P lowers rating on Caesars Entertainment
(Wall Street) -- Standard & Poor's Ratings Services on Tuesday lowered its rating for Caesars Entertainment Corp. and said that it is more likely that the casino...

4/6/2014

article Vegas Wire: City's big wheel starts turning at Caesars' Linq
(Las Vegas) -- Lisa McPherson was in town for a cousin’s wedding when she suggested to family members Monday they should ride the High Roller observation wheel...

4/4/2014

article Another group of Caesars Entertainment Corp. lenders, bondholders wants details of company affiliate
(Wall Street) -- A second group of Caesars Entertainment Corp. lenders and bondholders said it wants to unravel the deals used to create the company’s growth-...

3/30/2014

article Services Sector Losers: Caesars Entertainment (NASDAQ:CZR)
(USA) -- Caesars Entertainment Corp. (NASDAQ:CZR) fell 7.4 percent to its lowest price since December after the casino operator said it will offer 7 million common...

3/28/2014

article Caesars Falls After Selling $148 Million in Stock
(Las Vegas) -- Caesars Entertainment Corp. fell 7.4 percent to its lowest price since December after the casino operator said it will offer 7 million common shares,...

3/27/2014

article Harrah's casino in Tunica, Miss., to close June 2
(Mississippi) -- The long decline of what was once the nation's third-largest casino market was underlined Wednesday when the largest casino in Mississippi's...
article Harrah's closing Tunica casino; 1,300 employees affected
(Mississippi) -- Caesars Entertainment Corp. plans to close Harrah’s Tunica casino on June 2, citing “declines in business levels in the area stemming from...

3/26/2014

article Caesars Closes Mississippi Casino in Sign of Saturation
(Mississippi) -- Caesars Entertainment Corp. said it will close its Harrah’s casino in Tunica, Mississippi, eliminating 1,300 jobs because of declining business...
article Caesars to close money-losing Harrah’s Tunica casino in Miss.
(Mississippi) -- Caesars Entertainment Corp. said Wednesday it would close one of its three casinos in Tunica, Miss. on June 2, saying “persistent declines in...
article Harrah's Casino in Tunica closing costs 1,300 jobs
(Mississippi) -- Caesars Entertainment announced in a press release Wednesday that it will close Harrah's Tunica on June 2. This is one of three casinos Harrah's...
article Harrah's Tunica closing; two South Mississippi casino projects face deadlines
(Mississippi) -- Caesars Entertainment announced Wednesday it is closing one of its three casinos in Tunica. Harrah's Tunica will close June 2, Caesars Entertainment...
article Harrah’s Tunica Casino To Close
(Mississippi) -- Harrah’s Casino in Tunica will close June 2 possibly leaving as many as 1,300 people without jobs. “After exploring every other viable...
article Caesars Debt Holders’ Law Firm Questions Asset Transfers
(Wall Street) -- Caesars Entertainment Corp. said a law firm representing some debt holders is challenging the casino company’s transfer of properties to...
article Caesars Unit Said to Seek $1.2 Billion in Loans for Casino Deal
(Wall Street) -- An affiliate of Caesars Entertainment Corp., the most indebted casino operator, is seeking $1.2 billion in loans to purchase four casinos from the...
article Caesars’ plan to borrow $1.3 billion for asset shift hits opposition
(Wall Street) -- Caesars Entertainment Corp. said Wednesday a group of the company’s “unidentified note holders” want to kill off Caesars Growth...
press release Caesars Entertainment to Close Harrah's Tunica
(Mississippi) -- Caesars Entertainment Corporation (CZR) today announced it will close Harrah's Tunica. The property will cease operations on June 2, 2014. The...

3/25/2014

article Caesars' casinos in Atlantic City to go dark for Earth Hour Saturday
(Atlantic City) -- Some casinos in Atlantic City will shut off their exterior lighting and nonessential interior lighting to promote climate change awareness.

3/24/2014

article Caesars Wins Initial OK in South Korea
(South Dakota) -- A joint venture headed by Caesars Entertainment has won preliminary approval from the South Korean government to include a foreigners-only casino at a...

3/20/2014

article Gaming regulators OK Caesars’ plan to sell resorts to affiliate
(Las Vegas) -- State gaming regulators signed off Thursday on Caesars Entertainment Corp.’s plan to sell four of its resorts to the company’s Caesars Growth...

3/18/2014

article Caesars gains preliminary OK for $795 million South Korean hotel-casino
(South Korea) -- Caesars Entertainment has won preliminary approval from the South Korean government to build a $794.7 million hotel-casino complex near the country...
article Caesars receives approval for gaming at planned South Korean resort
(South Korea) -- A joint venture involving Caesars Entertainment Corp. gained initial approval from the South Korean government to add gaming as part of an integrated...
article South Korea is building casinos for Chinese tourists who can’t afford gambling in Macau anymore
(South Korea) -- South Korea is carving out a space for itself in Asia’s increasingly crowded gambling scene. Today Seoul granted preliminary approval to a...

3/17/2014

article Lippo, Caesars get green light to build casino on South Korean island
(South Korea) -- South Korea on Tuesday granted a preliminary casino licence to a Lippo Ltd <0226.HK> and Caesars Entertainment Corp venture to build a resort on...
article S. Korea opens casino market to foreign operator
(South Korea) -- The tourism ministry on Tuesday gave preliminary approval to a foreign casino operator to open a business in South Korea for the first time as part of...
article South Korea Approves Foreign-Run Casino to Lure Chinese Bettors
(South Korea) -- South Korea approved construction of its first foreign-owned casino as Asia’s fourth-largest economy tries to emulate Macau and Singapore in...

3/14/2014

article Caesar's Restructures Debt in Hopes For Japan, but Is It Too Late?
(Wall Street) -- Liquidity is important in the casino industry because it offers the ability to make large investment decisions quickly. For example, when the Japanese...
article Caesars Entertainment Selling Four Casinos to Affiliate
(Las Vegas) -- In order to free up capital with which to service its outstanding debt, Caesars Entertainment has agreed to sell four casinos — Bally’s Las...
article Caesars Entertainment Corp. Given New $17.00 Price Target at Barclays (CZR)
(Wall Street) -- Caesars Entertainment Corp. logoCaesars Entertainment Corp. (NYSE:CZR) had its price objective hosited by Barclays from $15.00 to $17.00 in a report...
article Imperial Capital Downgrades Caesars Entertainment Corp. to Underperform (CZR)
(Wall Street) -- Caesars Entertainment Corp. logoImperial Capital downgraded shares of Caesars Entertainment Corp. (NYSE:CZR) from an in rating to an underperform rating...

3/13/2014

article Taste of high-roller life at Caesars resorts
(Las Vegas) -- For the first time ever, Caesars Entertainment is making nearly 2,000 luxury suites and villas across its portfolio available for the general consumer.
article No ace in the hole for Caesars casinos
(Las Vegas) -- Perhaps the house doesn’t always win after all. Caesars Entertainment Corp. dealt investors a poor hand after market’s close Tuesday, when it...

3/12/2014

article Caesars Entertainment Corp 4Q loss widens following impairment charges, Atlantic City slump
(Las Vegas) -- Caesars Entertainment Corp. on Tuesday posted a large quarterly loss after taking a hefty impairment charge. The casino corporation said it took goodwill...

3/11/2014

article Caesars Entertainment reports $1.756 billion in quarterly loss on Atlantic city weakness
(Las Vegas) -- Caesars Entertainment Corp. said Tuesday it lost $1.756 billion in the fourth quarter due to deteriorating market conditions in Atlantic City, which...
article Caesars’ Loss Widens on More Writedowns of Casino Properties
(Las Vegas) -- Caesars Entertainment Corp. (CZR:US) said its net loss tripled in the fourth quarter, as the largest owner of U.S. casinos reported higher writedowns.

3/9/2014

article Caesars’ moves don’t ease Street’s debt worries
(Las Vegas) -- Nothing is simple when it comes to Caesars Entertainment Corp. Take last week’s announcement that the company is selling four casinos to its Caesars...

3/4/2014

article MEHAFFEY: Caesars Becoming Irrelevant in Las Vegas Poker Market
(Las Vegas) -- There is a rumor floating around Las Vegas that Caesars Palace will close its poker room after the World Series of Poker Circuit event leaves town later...

3/3/2014

article Caesars selling 4 casinos for $1.8 billion in debt restructuring
(Las Vegas) -- Caesars Entertainment is selling four properties to a separate unit that it controls for about $1.8 billion as it restructures its debt.
article Caesars sells 4 properties, including 3 on Las Vegas Strip, to subsidiary
(Las Vegas) -- Caesars Entertainment Corp. said Monday it’s selling four properties — three on the Strip and Harrah’s New Orleans — to its...
article Caesars Sells Casinos to Affiliate for $2.2 Billion
(Las Vegas) -- Caesars Entertainment Corp. (CZR:US), largest owner of casinos in the U.S., will sell four properties to an affiliate for $2.2 billion, freeing up cash as...

2/25/2014

article EPA to honor Caesars for program to reduce greenhouse gas emissions
(Las Vegas) -- While Caesars Entertainment continues to expand its properties around the globe, it has reduced in one crucial area – greenhouse gas emissions.

2/24/2014

article Caesars Palace prevails in court battle over live entertainment tax
(Nevada) -- The Nevada Supreme Court has ruled that Caesars Palace does not have to pay an additional $797,790 on its live entertainment tax on shows at the Colosseum on...

2/17/2014

article Sen. complains about Caesars
(Atlantic City) -- A state senator says the company that bought the former Atlantic Club Casino Hotel wants to make sure it never reopens as a casino.

2/15/2014

article Whelan: Caesars meddling in Atlantic Club future
(Atlantic City) -- A state senator says the company that bought the former Atlantic Club Casino Hotel wants to make sure it never reopens as a casino.

2/14/2014

article Caesars’ interactive subsidiary buys fourth social gaming business
(Las Vegas) -- Caesars Entertainment’s interactive subsidiary has acquired an Israeli-based social gaming business, the company’s fourth deal in the past few...
article Whelan wants regulators to prohibit Caesars from restricting Atlantic Club's use as casino
(Atlantic City) -- A state senator is calling on New Jersey gambling regulators to stop the largest casino operator in the U.S. from ensuring that the former Atlantic...

2/11/2014

article Caesars subsidiary hires investment bank to restructure debt
(Las Vegas) -- A subsidiary of Caesars Entertainment Corp. has hired an investment bank to restructure a portion of the company’s gaming industry-high $23 billion...

2/10/2014

article Caesars Drops on Reports Lazard Hired for Refinancing
(Las Vegas) -- Caesars Entertainment Corp. (CZR), the largest owner of casinos in the U.S., fell after reports that the company had hired Lazard Ltd. (LAZ) for advice on...

2/2/2014

article New Jersey Casino Could be Bought by Caesars Entertainment
(New Jersey) -- US casino icon, Caesars Entertainment, could make a bid for the bankrupt Atlantic City based casino, Revel, according to financial publication, Bloomberg...

1/30/2014

article Caesars may bid for Revel in potential Atlantic City shakeup, report says
(Atlantic City) -- A rival is said to have its eyes on Revel. Casino operator Caesars Entertainment is mulling a bid for the Revel Casino Hotel, the troubled Atlantic...
article NJ pol: Don't let Caesars buy Revel casino
(Atlantic City) -- A New Jersey state senator wants regulators to prevent the world's largest casino company from adding to its portfolio in Atlantic City.
article Whelan: Caesars shouldn't be allowed to buy Revel
(Atlantic City) -- A New Jersey state senator is calling foul on the state’s largest casino operator, saying it would violate state law if it were to purchase...

1/29/2014

article Bloomberg: Caesars considering bid for Revel casino
(Atlantic City) -- Caesars Entertainment Corp, owner of four casinos in Atlantic City is considering a bid for Revel Casino Hotel, according to Bloomberg News. The...
article Is Caesars in the running for busted Revel casino in NJ?
(Atlantic City) -- Las Vegas-based Caesars Entertainment Corporation is mulling over whether to make an offer on the troubled Revel Casino Hotel in Atlantic City, N.J.

1/28/2014

article Caesars Is Said to Weigh Bid for Revel Casino in Atlantic City
(Atlantic City) -- Caesars Entertainment Corp. is considering a bid for Revel Casino Hotel, the Atlantic City, New Jersey, property that went through bankruptcy last...

1/27/2014

article Caesars casino in Philadelphia under scrutiny after adjoining racetrack closed by authorities
(Pennsylvania) -- A casino in suburban Philadelphia operated by Caesars Entertainment Corp. could face closure by Pennsylvania gaming regulators after its adjoining...

1/3/2014

article Caesars brings new allegations in amended lawsuit against top Mass. gambling regulator
(Massachusetts) -- The state's top gambling regulator personally urged a competitor for the sole eastern Massachusetts casino license to stay in the application...

1/2/2014

article Caesars claims Bay State regulator asked Wynn to remain in competition
(Massachusetts) -- Caesars Entertainment Corp. claims Massachusetts’ top gaming regulator personally asked Wynn Resorts Ltd. Chairman Steve Wynn to stay in the...
article Caesars says gaming board chair interfered in screening
(Massachusetts) -- Caesars Entertainment, the Las Vegas gambling giant, has lodged new discrimination allegations against the state’s top casino regulator, saying...
article Crosby pushed Wynn to remain in Mass. casino licensing process, suit says
(Massachusetts) -- An amended complaint in the legal battle between Caesars Entertainment and state Gaming Commission Chairman Stephen Crosby says that Crosby called...

12/23/2013

article Can Caesars Entertainment's Strategic Relationships Help It Perform?
(Wall Street) -- Caesars Entertainment has suffered some bad luck recently. The biggest headwind has been debt. At the moment, Caesars has $1.7 billion in cash and short...

12/20/2013

article Caesars taps Live Nation to book The Axis at Planet Hollywood
(Las Vegas) -- Caesars Entertainment announced Thursday that concert promoting giant Live Nation Entertainment will oversee booking the remodeled theater at Planet...

12/19/2013

article Caesars adds Live Nation for remade Vegas theater
(Las Vegas) -- Casino giant Caesars Entertainment Corp. says the renovated 7,000-seat theater at which Britney Spears will perform will open with a new name and a new...

12/17/2013

article Caesars Entertainment, Starwood Hotels link customer loyalty programs
(Las Vegas) -- Caesars Entertainment Corp. and Starwood Hotels & Resorts announced a partnership Tuesday linking the two chains’ customer loyalty programs.

12/15/2013

article Opinion: The case against Stephen Crosby
(Massachusetts) -- CAESARS ENTERTAINMENT has taken its measure of Stephen Crosby and found him unsuitable to be chairman of the Massachusetts Gaming Commission.

12/13/2013

article Caesars files suit against state gambling chief
(Massachusetts) -- Las Vegas gambling giant Caesars Entertainment has launched a federal suit against the state’s top casino regulator, accusing him of...
article Caesars sues Bay State gaming chief
(Massachusetts) -- When he stood outside Gov. Deval Patrick's office two years ago this week and accepted the job of overseeing the state's fledgling casino...
article Gaming advisement firm disputes Caesars' assertion of suitability
(Las Vegas) -- A New Jersey gaming advisement firm disputed a claim raised in a lawsuit by Caesars Entertainment Corp. that it told Massachusetts regulators the casino...

12/12/2013

article Caesars Entertainment Suing Massachusetts Gambling Chairman Over Casino Debacle
(Massachusetts) -- On Wednesday, Caesars Entertainment filed a federal lawsuit against Massachusetts gambling commission chairman Stephen Crosby, claiming that Crosby...
article Caesars files lawsuit against Massachusetts gaming commission chairman
(Massachusetts) -- Caesars Entertainment Corp., which spent $100 million on a failed effort to win a Massachusetts gaming license, has sued the state’s top casino...
article Caesars Sues Massachusetts Gaming Commissioner over Licensing Process
(Massachusetts) -- Caesars Entertainment (CZR) is crying foul over the process that saw it pushed out of a Massachusetts casino project in October.
article Caesars sues state gambling chief Stephen Crosby
(Massachusetts) -- Las Vegas gambling giant Caesars Entertainment has filed suit in federal court against Massachusetts gambling commission chairman Stephen Crosby, in...
article Massachusetts gambling regulators: Caesars' lawsuit without merit
(Massachusetts) -- Gaming regulators in Massachusetts today fired back at Caesars Entertainment, saying a federal lawsuit filed by the casino giant is "without...

12/7/2013

article Caesars Issues Online Gambling Warning to Investors
(New Jersey) -- Caesars Entertainment issued a cautionary note to its investors this week, warning them that the introduction of online gambling in New Jersey may have a...

12/6/2013

article Caesars still fighting birthday cash lawsuit
(Atlantic City) -- More than 10 years after a promotion offering $15 in "birthday cash" to patrons resulted in a class-action lawsuit, a casino company is...

12/2/2013

article FEC Auditors Discover Faulty Financial Books at Caesars Entertainment Corporation PAC
(Washington D.C.) -- Gambling companies usually are good at watching the numbers, but one gaming company has not been watching the financial numbers of their PAC.

11/19/2013

article Caesars Spinoff Begins Trading With $1.5 Billion Valuation
(Wall Street) -- Caesars Acquisition Co. (CACQ:US), the spinoff from Caesars Entertainment Corp. (CZR:US) that gives investors a separate stake in the parent company...

11/17/2013

article Loveman still livid about Massachusetts rejection
(Las Vegas) -- It’s been nearly a month, but Caesars Entertainment Corp. Chairman Gary Loveman is still fuming over his company’s rejection by casino...
article Loveman: No bankruptcy seen for Caesars Entertainment Corp.
(Las Vegas) -- For Gary Loveman, bankruptcy is not an option. Loveman, chairman of Caesars Entertainment Corp., admits the casino operator has “a very complicated...

11/8/2013

article Dan Gilbert recommended for investment in Caesars Interactive: gaming roundup
(Nevada) -- Nevada regulators have recommended that Horseshoe Casino Cleveland and Cleveland Cavaliers owner Dan Gilbert be allowed to purchase interest in a Caesars...

11/6/2013

article Caesars looks into building NY casino
(New York) -- Caesars Entertainment, the gaming giant that just dropped a bid to build a casino in Boston, is making a run at New York, a state legislator said Wednesday.

10/31/2013

article IRS Cited Caesars for Bank Secrecy Act Breach
(Washington D.C.) -- Caesars Entertainment Corp. (CZR) was cited by the Internal Revenue Service for Bank Secrecy Act violations, according to a letter from U.S....

10/30/2013

article Massachusetts Controversy Will Not Be ‘A Mark Against Us’, Says Caesars Chief
(Massachusetts) -- Caesars Entertainment chief executive Gary Loveman has said that the company’s decision to abandon its casino licensing bid in Massachusetts...

10/29/2013

article Rock Ohio Caesars gets negative outlook from Moody's
(Ohio) -- Moody's Investors Service has given the owner of the Horseshoe Casino Cleveland a negative outlook, citing lower than expected revenue at the casino and...
article Analysts press Loveman on exit from Boston-area casino project
(Wall Street) -- A $761.4 million quarterly loss by Caesars Entertainment Corp. wasn’t on Wall Street’s mind Tuesday.
article Caesars Entertainment reports 3rd-quarter loss of $761.4 million
(Wall Street) -- Las Vegas-based Caesars Entertainment, operator of Caesars Palace, Bally’s, Paris-Las Vegas, Harrah’s, the Quad, the Flamingo and the Rio in...
article Caesars Loss Widens on Steeper Charges
(Wall Street) -- Caesars Entertainment Corp.’s third-quarter loss drastically widened as the casino operator reported sharply higher asset impairment charges and a...

10/27/2013

article Perfect Storm For Caesars
(Las Vegas) -- To say it has been a rollercoaster week for Caesars Entertainment may be the understatement of the year, at least when it comes to the gaming industry.
article STUTZ: Caesars Entertainment's terrible, horrible, no good and very bad weekend
(Las Vegas) -- Has there ever been a gaming company that suffered through a worse 72-hour period than Caesars Entertainment Corp.?

10/24/2013

article Caesars signed deal with hotelier accused of having tie to Russian mob
(Massachusetts) -- A Caesars Entertainment subsidiary signed a licensing deal with a New York hotel firm after Caesars’ own investigation turned up material...
article Mass. regulators release objections to Caesars
(Massachusetts) -- Massachusetts regulators have released details on their background investigation that led the group proposing a casino at Suffolk Downs to end its...
article Massachusetts report examines Party and Optimal settlements [sub req'd]
(Massachusetts) -- The Massachusetts Gaming Commission last night released its report on Sterling Suffolk Racecourse, which raised doubts about Mitch Garber’s...
article Mitch Garber and the skeletons in everyone’s closets [sub req'd]
(Massachusetts) -- The regulatory threat that has been whispered about for years finally hit home this week when Caesars withdrew from Boston.
article Steve Wynn blasts commission’s ‘freshmen’ gaming regulators
(Massachusetts) -- Las Vegas billionaire Steve Wynn says he was “flabbergasted” by a report that flagged Caesars as unsuitable to hold a Massachusetts casino...

10/23/2013

article Gaming roundup: Caesars faces probes, Penn pledges millions in bid for Md. gaming license
(Ohio) -- Caesars Entertainment is facing U.S. Treasury Department and federal grand jury investigations into allegations of money-laundering at Caesars Palace.
article Caesars No Longer Pursuing Boston Casino
(Massachusetts) -- Caesars Entertainment Corp. is no longer pursuing a casino in the Boston area. The casino firm had plans with Boston’s Suffolk Downs racetrack.

10/22/2013

article Caesars Under Pressure as Officials Probe U.S. Activities
(Las Vegas) -- Caesars Entertainment Corp. (CZR:US) stock and bonds are under pressure as the casino company grapples with investigations from Nevada to Massachusetts,...
article Caesars Woes in Massachusetts Could Span Farther
(Las Vegas) -- Caesars Entertainment, a giant in the U.S. casino industry, was dealt a blow by the Massachusetts Gaming Commission after learning that the Commission may...
article Dropped from Boston project, Caesars reveals federal probe
(Massachusetts) -- Days after being dropped from the Suffolk Downs partnership seeking to build a $1 billion resort casino at the Boston racetrack, Caesars Entertainment...
article Feds investigate Caesars in money laundering probe
(Las Vegas) -- Caesars Entertainment Corp. says the federal government is investigating the owner of its namesake hotel as part of a crackdown on money laundering in the...
article Garber's past comes into question as Caesars retreats from Massachusetts [sub req'd]
(Las Vegas) -- Caesars Entertainment has withdrawn from the state of Massachusetts after the regulator made what the company considered were “unreasonable”...
article Caesars Debt Restructuring More Like a Shell Game
(Las Vegas) -- Caesars Entertainment continues to study the White House debt management strategies, it would seem; namely, when you can’t pay off your debt,...

10/21/2013

article Caesars Breaks Off with Gansevoort Over Alleged Russian Mob Ties
(Las Vegas) -- Nothing breaks off engagements faster these days in the gambling universe than even the hint of a whisper of some wrongdoing in one of the party’s...
article Caesars Faces Money-Laundering Probe
(Las Vegas) -- Caesars Entertainment Corp. disclosed Monday that federal regulators, continuing a crackdown on money laundering, are investigating the unit that operates...
article Caesars Palace investigated over allegations of money laundering
(Las Vegas) -- Caesars Palace is under federal investigation over allegations of money laundering, parent company Caesars Entertainment reported in a Securities and...
article Caesars Says Grand Jury Probes Possible Bank Law Violations
(Las Vegas) -- Caesars Entertainment Corp. (CZR) said U.S. regulators and a grand jury are investigating alleged Bank Secrecy Act violations at its flagship Las Vegas...
article Caesars titanic debt will go on
(Las Vegas) -- Caesars Entertainment Incorporated has a bigger debt load than what Detroit owes its creditors. And we all know what’s happening in the Motor City.

10/20/2013

article Alleged Mob Ties Sink Gansevoort Partnership with Caesars
(Las Vegas) -- Think the mob is dead in Vegas? Think again. Caesars Entertainment dropped the Gansevoort Hotel Group as a partner in its $185 million hotel project...
article Caesars drops Gansevoort
(Las Vegas) -- Caesars Entertainment Corp.’s abrupt exit from a $1 billion casino project in Boston has also resulted in company dropping the Gansevoort Hotel Group from...
article Caesars Entertainment and Gansevoort end partnership on the Strip
(Las Vegas) -- The sudden and shocking overnight split between our Caesars Entertainment and the chic Gansevoort Hotel Group operators in New York was a totally...

10/19/2013

article STUTZ: Caesar's titanic debt will go on
(Las Vegas) -- Caesars Entertainment Corp. has a bigger debt load than what Detroit owes its creditors. And we all know what’s happening in the Motor City.

10/17/2013

article Caesars Expands in Las Vegas With High Roller/Linq Tourist Attraction
(Las Vegas) -- With $23 billion in debt, the most of any U.S. hotel or casino company, Caesars Entertainment (CZR) wants to expand its business in Las Vegas without...

10/16/2013

article Caesars’ Stocks Drop Without Rights to Group’s Online Gaming Unit
(Las Vegas) -- Caesars Entertainment Corp. fell 11 percent, the most in almost a year, after the stock began trading without rights to participate in an IPO of the...

10/15/2013

article Caesars takes case of use tax to Nevada Supreme Court
(Nevada) -- When Caesars Entertainment Corp. built up its air force by purchasing four private jets in 2006, it expected a refund of the $8.6 million use tax the next...
article Caesars Slides in Trading Without Rights to Web-Based Gaming
(Wall Street) -- Caesars Entertainment Corp. fell 11 percent, the most in almost a year, after the stock began trading without rights to participate in an IPO of the...

10/11/2013

article Caesars bets on High Roller
(Las Vegas) -- With $23 billion in debt, the most of any U.S. hotel or casino company, Caesars Entertainment Corp. wanted to spruce up its stretch of the Las Vegas Strip...

10/4/2013

article Caesars, NJ To Join Internet Gambling Party In Nov.
(New Jersey) -- Online gambling, expected to grow to a $7.4 billion business in the U.S. by 2017, picked up momentum Friday when New Jersey said it will offer Internet...
article Terms of Caesars restructuring, spinoff company set
(Wall Street) -- Caesars Entertainment Corp. told shareholders they have until Oct. 17 to participate in a stock sale that will raise $1.18 billion and place ownership...

10/3/2013

article Caesars Sets Oct. 17 Date for Rights to Web Gaming Unit
(Las Vegas) -- Caesars Entertainment Corp. set Oct. 17 as the record date for rights to participate in a planned $1.18 billion stock sale that will include an interest...

10/1/2013

article Caesars Entertainment sells 10 million stock shares to Swiss banking firm to help cover loan
(Wall Street) -- Caesars Entertainment Corp. has sold 10.3 million shares of its common stock to a Swiss banking firm for $200 million, according to a filing with the...
article Underwriter of Caesars stock deal buys 10.34 million shares
(New York) -- Caesars Entertainment Corp. said Tuesday it sold more than 10.34 million shares of its common stock to the underwriter of its public offering in two...

9/29/2013

article Caesars hopes to hit jackpot with Boston casino bid
(Massachusetts) -- Caesars Entertainment Corp's proposed casino in Boston would draw elite international gamblers in the same way Las Vegas does, and marks one of...

9/26/2013

article Caesars banking heavily on WSOP.com Success
(Las Vegas) -- Earlier this year Station Casinos launched the first legal online poker site in the U.S. with Nevada based UltimatePoker.com. As per the agreement the...
article Caesars Tumbles With Sale of Stock, Outlines New Debt Terms
(Wall Street) -- Caesars Entertainment Corp. (CZR), the casino company with more than $23 billion in debt, is selling at least 10 million new shares and adjusting a $4.8...

9/25/2013

article Caesars Entertainment selling up to 11.5M shares
(Las Vegas) -- Caesars Entertainment Corp. said Wednesday that it plans to sell up to 11.5 million of its shares in a public offering. Caesars, based in Las Vegas, runs...

9/23/2013

article Caesars giving Gansevoort $185 million transformation
(Las Vegas) -- When the folks at Caesars Entertainment Corp. and W.A. Richardson Builders are done turning the former Barbary Coast/Bill’s Gamblin’ Hall into...

9/19/2013

article Caesars announces debt plan to retire more than $4 billion in obligations
(Wall Street) -- Caesars Entertainment Corp. announced a debt restructuring plan Wednesday that will retire more than $4 billion of the casino operator’s financial...

9/18/2013

article Caesars Entertainment refinancing $4.4 billion in debt
(Wall Street) -- Caesars Entertainment Corp. is refinancing $4.4 billion in mortgage loan debt, according to a filing with the Securities and Exchange Commission.

9/4/2013

article Newsletter raises concerns about Caesars bankruptcy, but company not addressing rumors
(Las Vegas) -- The publisher of a newsletter about Las Vegas is encouraging readers not to put money down on hotel reservations or make deposits in casinos operated by...

9/3/2013

article Newsletter raises concerns about Caesars bankruptcy, but company not addressing rumors
(Las Vegas) -- The publisher of a newsletter about Las Vegas is encouraging readers not to put money down on hotel reservations or make deposits in casinos operated by...
article Caesars announces new retail tenants in Linq project
(Las Vegas) -- Caesars Entertainment has revealed a list of new tenants slated to open within its $550-million Linq development.

8/31/2013

article Exclusive: U.S. pension funds press Caesars' private equity owners
(New York) -- Some U.S. public pension funds are pressuring TPG Capital LP and Apollo Global Management LLC to share more of the fees they withdraw from loss-making...

8/28/2013

article Caesars’ Loveman a hall-of-famer
(Massachusetts) -- What a dynamite week for Caesars Entertainment CEO Gary Loveman. On Tuesday his company, and partner Suffolk Downs, finally finished a casino deal...

8/24/2013

article Caesars Entertainment to Sell Macau Golf Property
(Macau) -- Caesars Entertainment has informed regulators that it is selling its property in Macau to an Asian developer for $438 million. In its quarterly filing to the...

8/19/2013

article Caesars bonds tumble on plan to shift assets
(Wall Street) -- Bondholders are growing disenchanted with Caesars Entertainment Corp. as it shifts assets, including an Internet gaming unit, away from them to benefit...

8/12/2013

article Caesars to sell Cotai golf course to Pearl Dynasty for USD438 million
(Macau) -- Caesars Entertainment Corp., the U.S. casino company saddled with USD23.7 billion of debt, agreed to sell a piece of land in Macau to Pearl Dynasty...
article Romance off: Caesars sells Macau land holdings for $438 million
(Las Vegas) -- Caesars Entertainment Inc. on Friday ended the company’s nearly six-year flirtation with Macau. The casino operator sold its 175-acre golf course...
article The Deal: Caesars Cuts Losses on Chinese Play
(New York) -- Caesar's Entertainment (CZR_) has failed on its bet in China. The Harrah's casino operator agreed to sell its Macau property to Chinese real estate...

8/10/2013

article Caesars to use $438 million from Macau golf course sale to pay debt
(Macau) -- Caesars Entertainment Corp. is selling its Macau golf course to an Asian developer for $438 million. The gaming giant announced the sale Friday in a filing...
article Romance off: Caesars sells Macau land holdings for $438 million
(Macau) -- Caesars Entertainment Corp. on Friday ended the company’s nearly six-year flirtation with Macau.
article US Casino Operator Caesars to Sell Golf Course in Macau to Pearl Dynasty for $438m
(Macau) -- Caesars Entertainment Corporation, an American casino operator, has agreed to sell a golf course in the China-administered Macau to Pearl Dynasty Investment.

8/9/2013

article Caesars gives up on Macau casino plan, sells US$438 million golf course to Pearl Dynasty
(Macau) -- US casino operator Caesars Entertainment has agreed to sell a golf course in Macau to Pearl Dynasty Investment Ltd for US$438 million (about RM1.31 billion),...
article Caesars to Sell Macau Land to Pearl for $438 Million
(Macau) -- Caesars Entertainment Corp. (CZR), the U.S. casino company saddled with $23.7 billion of debt, agreed to sell a piece of land in Macau to Pearl Dynasty...

8/7/2013

article Caesars to Take Part in 16th Annual Responsible Gaming Education Week
(Atlantic City) -- Caesars Entertainment Atlantic City has announced it “is joining the American Gaming Association (AGA), the National Center for Responsible...
article 888 To Be Back in Full Force in the US
(New Jersey) -- It has been known for some time that Caesars in New Jersey will be working with the 888 brand to create online gaming options but now it has been...

8/6/2013

article Caesars names new president to oversee three Strip properties
(Las Vegas) -- Caesars Entertainment said Tuesday that Eileen Moore, currently president of the company’s Mid-North Regional Division, will return to Las Vegas as...
article AC casinos turn to Vegas for leadership
(Atlantic City) -- A top Las Vegas gambling executive will be taking charge of the Atlantic City and Pennsylvania casinos owned by Caesars Entertainment Corp.
article Caesars taps new regional president to oversee three Strip properties
(Atlantic City) -- Caesars Entertainment Corp. shuffled its Las Vegas and Atlantic City resort management executives Tuesday, moving a regional president from the Strip...
article Caesars’ Las Vegas exec shifting to Atlantic City
(Atlantic City) -- The man in charge of the Flamingo, The Quad and Gansevoort is leaving Las Vegas. Spurred by corporate shuffle at Caesars Entertainments Corp., Rick...

8/1/2013

article Caesars Reports Smaller Loss But Still Misses Estimate
(Las Vegas) -- Caesars Entertainment has posted a smaller loss for the second quarter but still missed expectations with slots and table games attracting fewer gamblers...

7/31/2013

article Caesars Entertainment plummets toward Ch. 11
(Wall Street) -- Caesars Entertainment Corp. is working to improve its capital structure, but despite moves to cut costs, buy back debt and pursue a spinoff transaction...
article Caesars Teeters On The Edge Of Bankruptcy
(Wall Street) -- Is the end near for Caesars Entertainment Corp (CZR)? One unnamed hedge fund investor thinks so, and he doubts whether some who have invested in the...

7/30/2013

article Caesars offer look at The Linq
(Las Vegas) -- Caesars Entertainment Corp. showed off its $550 million vision of urban renewal Tuesday.
article Coming soon: Six features of the Linq, Caesars’ new entertainment-dining-shopping promenade
(Las Vegas) -- For months, there has been the steady buzz of saws, the hammering of nails and the grumbling of bulldozers. Now, at the end of a 1,200-foot pedestrian...

7/29/2013

article Caesars considers other ways to grow results
(Las Vegas) -- Caesars Entertainment Corp. is looking at other ways to grow results after reporting another quarterly net loss.
article Caesars' 2Q loss shrinks but still misses estimate
(Las Vegas) -- Casino operator Caesars Entertainment Corp. posted a smaller loss for its fiscal second quarter on Monday, but results still missed expectations, as slots...
article Caesars’s Loss Narrows as Revenue Comes Up Short
(Las Vegas) -- Caesars Entertainment Corp. (CZR), the largest owner of casinos in the U.S., said its loss for the second quarter narrowed from a year earlier, when the...
article Free-To-Play Gaming Steadies Caesars In Rocky Second Quarter
(Las Vegas) -- Caesars Entertainment said fiscal second-quarter sales were flat as declines in its core casino markets were offset by new management fees from Ohio and...

7/28/2013

article $1 Million Casino Promotion Wraps Up [2nd Item]
(Mississippi) -- Caesars Entertainment at week’s end had minted the 17th and final millionaire in a consecutive weekly millionaire drawing at its Harrah’s,...

7/25/2013

article Nevada Clears Caesars to Spin Off Online Gaming Arm
(Nevada) -- Nevada’s Gaming Commission on Thursday authorized Caesars Entertainment to proceed with the refinancing of its Caesars Interactive online gambling...

6/26/2013

article Caesars gambles on credit / Casino owner has $21 billion in debt and racking up big losses
(Massachusetts) -- Despite its precarious financial health, Caesars Entertainment remains confident it will pass state Gaming Commission background checks as part of its...
article Paula Deen restaurants out at Caesars casinos
(Las Vegas) -- Caesars Entertainment Corp. has severed its business relationship with Paula Deen, the embattled celebrity chef who admitted making racial slurs in the...

6/25/2013

article Caesars gets okay for fewer slot machines than first proposed in Baltimore
(Maryland) -- A Maryland panel gave tentative approval Tuesday to a proposal by Caesars Entertainment to decrease the number of slot machines at its planned Horseshoe...

6/20/2013

article Caesars Interactive Entertainment Acquires WSOP Mobile App
(Las Vegas) -- Caesars Interactive Entertaining, a wholly owned subsidiary of one of the biggest gambling companies in the world, announced recently that it has acquired...

6/12/2013

article Caesars marks fifth anniversary
(Windsor) -- Caesars Windsor celebrated its fifth birthday Tuesday in true casino fashion: with cake, music and showgirls.

5/29/2013

article Caesars to break ground today on new $400M Baltimore casino
(Maryland) -- Construction is set to begin today on a $400 million casino on Russell Street near the Ravens and Orioles' stadiums. Caesars Entertainment, which will...
article Horseshoe Casino seen as sign of progress
(Maryland) -- Gambling supporters say it’s a sign of progress in Baltimore. Caesars crews broke ground at the Horseshoe Casino on the city's south side...

5/27/2013

article STUTZ: Caesars Entertainment not a Wall Street superstar
(Las Vegas) -- Wall Street still isn’t sold on the efforts by Caesars Entertainment Corp. to get out from under more than $20 billion of long-term debt.
article The Dirty Stack, Will WSOP Be Caesars Defining Moment
(Las Vegas) -- Twenty seven days in and Nevada’s first online poker site, Ultimate Poker is still going strong. But as the first legal online poker room to allow...

5/22/2013

article 'Hangover' movies have been a PR bonanza for Caesars, Vegas
(Las Vegas) -- “Did Caesar live here?” Those four words, uttered by Zach Galifianakis’ Alan upon arriving at Caesars Palace in 2009’s “The...

5/21/2013

article Caesars Entertainment announces changes in executive positions
(Las Vegas) -- Caesars Entertainment has appointed a new president of hospitality. Tom Arasi comes to the role after a stint with Las Vegas Sands. His responsibilities...

5/20/2013

article Caesars Entertainment leadership changes announced
(Las Vegas) -- Caesars Entertainment Corp. shuffled its upper management Monday, appointing former Las Vegas Sands Corp. Tom Arasi as president of hospitality.

5/8/2013

article Caesars CEO: Old Grand property may be torn down
(Mississippi) -- Gary Loveman, CEO of Caesars Entertainment, parent company of the Grand Biloxi Casino, opened the 20th Southern Gaming Summit on Wednesday at the...
article Caesars’ CEO addresses casino concerns at Biloxi summit
(Mississippi) -- With Mississippi gaming issues at the heart of his presentation, Gary Loveman, president and CEO of Caesars Entertainment, used his keynote address...

5/1/2013

article ‘Encouraged’ Caesars Eyes Nevada Online Launch [sub. req'd]
(Nevada) -- Caesars Entertainment chief Gary Loveman said the company is “encouraged” by progress in emerging U.S. Internet gambling markets and plans to...
article Caesars Entertainment still on shaky ground, loses $200 million in first quarter
(Las Vegas) -- Caesars Entertainment narrowed its losses during the first quarter but still saw revenue fall 2.9 percent, from $2.21 billion to $2.14 billion, and...
article Caesars suffers quarterly loss, blames visitation drop
(Las Vegas) -- Caesars Entertainment Corp. blamed reduced visitation at the company’s hotel-casinos nationwide, especially in Atlantic City, for a first-quarter...
article Caesars' 1Q loss shrinks but still misses estimate
(Las Vegas) -- Casino controller Caesars Entertainment Corporation posted a smaller loss for its 1st quarter on Wednesday, yet results still missed expectations as a...

4/26/2013

article Caesars bets future on complex spin-off
(Las Vegas) -- If you cannot grow out of a capital structure, then re-engineer it. That is one interpretation of a complex series of transactions proposed last week by...

4/25/2013

article BLOG: Caesars Blinds Market With Science
(New York) -- The private equity owners behind Caesars Entertainment have been working overtime in their financial laboratory. Apollo Global Management and TPG are...
article Caesars Gains on New Project Venture
(New York) -- Caesars Entertainment Corp. (CZR) extended its 2013 surge as the casino operator said this week it may raise as much as $1.2 billion through a venture unit...

4/24/2013

article Caesars Entertainment Creates New Venture in Online Gambling
(Wall Street) -- Caesars the iconic casino organization has been transferring its energy to internet wagering for quite some time. It’s interactive division has...
article Caesars Shares Soar On Plan To Split In Two
(Wall Street) -- Shares of Caesars Entertainment (CZR) soared Tuesday after the casino operator announced plans to split itself into two companies.
article Casino Stocks: Is Caesars Entertainment Corp a Good Wager (CZR)?
(Wall Street) -- Small cap casino stock Caesars Entertainment Corp (NASDAQ: CZR) surged 27.3%, meaning investors might want to take a closer look at it verses the Market...

4/23/2013

article Caesars Entertainment to Create New Venture
(Wall Street) -- Caesars Entertainment Corp. CZR +27.30% said Apollo Management L.P APO +1.63%. and TPG Capital L.P. plan to invest $250 million each in a new venture...
article Caesars Hits All-Time High On Plan To Split In Two
(Wall Street) -- Shares of Caesars Entertainment (CZR) soared to an all-time high early Tuesday after the casino operator announced plans to split itself into two...
article Investors Cheer Caesars Spinoff Plan
(Wall Street) -- Investors rallied around casino giant Caesars Entertainment Corp. CZR +27.30% Tuesday after the company said it would split off a portion of its...

4/5/2013

article Harrah's Gives Council Cards for Casino Perks
(Illinois) -- Joliet City Council members have been receiving free "Diamond Cards" from Harrah's Casino, allowing them to take advantage of high-roller...
article No more VIP treatment at Harrah’s for Joliet officials
(Illinois) -- Harrah’s won’t send any more Diamond Cards to Joliet city officials, a casino spokesman said Friday. The cards sent to Joliet officials, giving...
article Moody's downgrades Caesars rating
(New York) -- Moody's Investors Service on Friday downgraded its ratings on Caesars Entertainment Corp. due to negative gambling trends. The rating agency dropped...

4/1/2013

article Caesars Entertainment leads gains in casino share prices
(Las Vegas) -- A boost in value that shares of Caesars Entertainment Corp. experienced in February continued into March. The casino giant saw its average daily stock...

3/19/2013

article Caesars Fined for Role in 2007 Gambling Spree
(New Jersey) -- New Jersey gambling regulators this month fined Caesars Entertainment Corp. $225,000 for the casino giant's role in a notorious 2007 gambling spree...

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