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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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12/1/2016

article Caesars’ Korean partner can’t find exit; North Korea tells citizens to fink on gamblers
(South Korea) -- Casino operator Caesars Entertainment’s joint venture partner in South Korea says its experiencing delays in extricating itself from the stalled...

11/25/2016

article US bankruptcy watchdog objects Caesars plan
(Chicago) -- The U.S. government's bankruptcy watchdog objected to a Caesars Entertainment Corp subsidiary's proposal to exit Chapter 11, threatening to derail a...

11/23/2016

article Caesars Palace celebrates its 50th anniversary
(Las Vegas) -- Las Vegas as we know it started in 1966 with the opening of Caesars Palace. Opulent, indulgent and outrageous, the Roman-themed hotel transformed the...

11/22/2016

article Caesars bankruptcy heads to showdown with US watchdog
(Chicago) -- The U.S. government’s bankruptcy watchdog has objected to a Caesars Entertainment Corp. subsidiary’s proposal to exit Chapter 11, threatening to...

11/7/2016

article Caesars Entertainment reverses losses in third quarter
(Las Vegas) -- Caesars Entertainment, battling to emerge from Chapter 11 bankruptcy protection, capitalized on strong Las Vegas results to reverse losses in the company...

11/4/2016

article Caesars unit raising $3.8B cash to exit bankruptcy
(Illinois) -- Caesars Entertainment Corp.’s main casino operating unit has begun a process to raise up to $3.8 billion of cash needed to exit a contentious two-...

10/26/2016

article Last holdout bondholder in Caesars’ unit bankruptcy agrees to deal
(Chicago) -- Hedge fund Trilogy Capital Management, the last holdout bondholder of Caesars Entertainment Corp.’s bankrupt operating unit, has agreed to support the...

10/5/2016

article U.S. judge halts remaining litigation against Caesars
(Chicago) -- A U.S. judge on Wednesday halted a lawsuit against Caesars Entertainment Corp., saying it could derail last week’s $5 billion agreement that was aimed...

10/2/2016

article Caesars, Creditors Have a Deal
(Las Vegas) -- Caesars Entertainment has reached an accord with the major creditors of its largest operating subsidiary that would give them a controlling stake in the...

9/30/2016

article Caesars creditors said to tussle over control of gambling empire
(Chicago) -- Getting Apollo Global Management and TPG Capital to give up control of gambling giant Caesars Entertainment was hard enough. Now comes the challenge of...

9/28/2016

article Caesars rolls out new automated 'green light, red light' comped drink system
(Las Vegas) -- Casino operator Caesars Entertainment has rolled out a new policy that links comped drinks to how much a customer spends on gambling.

9/27/2016

article Caesars reaches deal with major creditors, could end court fights
(Mississippi) -- Caesars Entertainment Corp. and representatives of its largest creditor groups struck a deal to fund a reorganization of the casino giant's bankrupt...

9/23/2016

article Caesars Said to Close In on Deal to End Unit’s Bankruptcy
(Chicago) -- Caesars Entertainment Corp. is getting closer to a deal to finance the reorganization of its bankrupt operating unit and end two years of rancorous court...

9/22/2016

article Caesars Said to Near Deal With Creditor Holdouts; New Rift Seen
(Chicago) -- Caesars Entertainment Corp. and bondholders it fought for almost two years have agreed on the framework of a deal to get its operating unit out of...

9/21/2016

article Caesars offers another $1.6B to creditors of bankrupt unit
(Chicago) -- Caesars Entertainment Corp. said on Wednesday it proposed along with its private equity backers a settlement offer with an added $1.6 billion for creditors...
article Caesars offers creditors another $1.6b, would spell end of hedge fund ownership
(Chicago) -- Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars...

9/14/2016

article Caesars directors must 'pony up' details of wealth: judge
(Chicago) -- Billionaire investors Marc Rowan and David Bonderman are among Caesars Entertainment Corp (CZR.O) directors who must disclose details of their wealth to...

9/11/2016

article Caesars mediator resigns in casino unit’s bankruptcy
(Chicago) -- The mediator trying to resolve the $18 billion bankruptcy of Caesars Entertainment Operating Co. Inc. abruptly stepped down on Friday, according to a court...

9/10/2016

article Caesars woos Candy Crush generation with new slot machines
(Las Vegas) -- Caesars Entertainment Corp., trying to convince young people that slot machines can be cool, is rolling out a new generation of devices in its casinos...
article Caesars Bankruptcy Mediator Quits over “Atypical Views” on Mediation Process
(Chicago) -- Another surprising turn of events will add another tangle to the already complex $18-billion bankruptcy case, involving casino operator Caesars...
article Caesars bankruptcy mediator resigns
(Chicago) -- Casino operator Caesars Entertainment’s interminable bankruptcy proceedings got even more complicated after word broke that the court-appointed...
article Clifford Perlman, Caesars Palace exec who ushered in corporate age of Vegas gaming, dies at 90
(Las Vegas) -- Clifford Perlman erected towering makeshift arenas in Caesars Palace’s parking lot to host major boxing matches involving Sugar Ray Leonard and...

9/9/2016

article Caesars makes social gaming move with Gamblit
(California) -- Caesars Entertainment Corporation has expanded its presence in the land-based social gaming sector through a partnership with Gamblit Gaming. Under the...
article Caesars debt talks said to continue even as mediator quits
(Chicago) -- Caesars Entertainment is still negotiating with bondholders over the reorganization of its bankrupt operating unit, even after the mediator overseeing the...
article Caesars mediator resigns in casino unit’s bankruptcy
(Chicago) -- The mediator trying to resolve the $18 billion bankruptcy of Caesars Entertainment Operating Co. Inc. abruptly stepped down on Friday, according to a court...
article Perlman, former chairman and CEO of Caesars World Inc., dies at 90
(California) -- Clifford Perlman, a visionary credited with bringing Wall Street money to Las Vegas and boxing matches to the Strip in the 1970s, has died at the age of...

9/8/2016

article Caesars first to deploy Gamblit Gaming's skill-based games on casino floor
(Las Vegas) -- Casino operator Caesars Entertainment has struck a deal to be first to bring Gamblit Gaming’s skill-based gaming devices to the casino floor.

9/7/2016

press release Caesars Entertainment and Gamblit in Agreement to Bring Innovative Skill-Based Casino Games to Properties in the Caesars Network
(Las Vegas) -- Caesars Entertainment Corporation, the world's most diversified gaming and entertainment company, and Gamblit Gaming, the leading publisher for real-...

9/2/2016

article Rome wasn't built in a day: The Caesars Palace story
(Las Vegas) -- Caesars Palace is celebrating its 50th birthday this summer. Gambling Insider takes a look back at the storied history of one of the most famous brands in...
article Apollo’s Caesars Strategy Teeters as Bond Judgment Day Nears
(Wall Street) -- As the judge sees it, there’s about $1.2 billion standing between bankrupt Caesars Entertainment Operating Co. and a deal to get it out of Chapter...

8/30/2016

article Caesars wins protection from bondholder lawsuits until Oct. 5
(Chicago) -- Casino giant Caesars Entertainment has until at least Oct. 5 before it may have to face lawsuits that could force the company into bankruptcy alongside its...
article Caesars' legal issues will not impact day-to-day operations
(Atlantic City) -- The ongoing legal issues surrounding Caesars Entertainment Corp. should not have an impact on the day–to-day operation of its three properties...
article Key hearing in Caesars bankruptcy case postponed
(Chicago) -- A federal judge on Tuesday postponed a key hearing in a bondholder lawsuit against Las Vegas-based Caesars Entertainment Corp. until next month after a last...

8/29/2016

article Caesars Slides After Court Rules It Must Face Bondholder Suits
(New York) -- Caesars Entertainment Corp. tumbled the most in more than a year after a judge ruled that the casino company must face bondholder lawsuits that could force...
article Caesars Stock Plummets After Judge Allows Billions in Lawsuits
(New York) -- Shares in Caesars Entertainment shed 16% on Monday after a U.S. judge cleared the way for $11.4 billion in lawsuits against the casino group, which Caesars...

8/28/2016

article Caesars Refused Court Shield in Operating Unit’s Bankruptcy Case
(Chicago) -- Major gambling operator Caesars Entertainment Corp. may eventually be required to honor debt guarantees of $11 billion, after a US Bankruptcy Judge refused...

8/26/2016

article Caesars could be forced into bankruptcy after judge’s ruling
(Chicago) -- A judge on Friday ruled that Caesars Entertainment must face creditor lawsuits that could force the nation’s biggest casino operator into bankruptcy....
article Caesars must face $11 billion in lawsuits: U.S. judge
(Chicago) -- Caesars Entertainment Corp must face lawsuits from bondholders seeking some $11 billion in claims, a U.S. judge ruled on Friday in a decision the casino...

8/25/2016

article Judge to rule Friday on extended halt to Caesars lawsuits
(Chicago) -- A U.S. judge said in Chicago bankruptcy court he will decide Friday whether to extend a halt on lawsuits against Caesars Entertainment Corp. by bondholders...

8/24/2016

article Caesars Sues Itself
(Chicago) -- Caesars Entertainment is hoping to speed an exit from bankruptcy of its operating giant by having the subsidiary sue it and its private-equity owners. The...

8/23/2016

article Caesars argues fresh lawsuit shield will help bankruptcy deal
(Chicago) -- The bankrupt operating unit of Caesars Entertainment Corp. asked a judge on Tuesday to extend a lawsuit shield for its parent company, which a financial...

8/19/2016

article Will Caesars Entertainment (CZR) Stock Be Helped By Toronto Casino Bid?
(New York) -- Caesars Entertainment (CZR) , the bankrupt parent of Caesars Interactive Entertainment and other subsidiaries, is making a bid to buy a Toronto casino...

8/18/2016

article Judge suggests Apollo, TPG kick in cash for Caesars restructuring
(Chicago) -- A US judge on Wednesday suggested the casino operating unit of Caesars Entertainment ask its parent’s private-equity backers for money to fund a plan...

8/17/2016

article Caesars bankruptcy cards closer to being revealed
(New York) -- A resolution to the complex $18bn bankruptcy of sprawling US casino group Caesars Entertainment is, at best, months away, but the endgame is now becoming...
article Caesars Suing Apollo to Stop Creditors From Suing Apollo
(Chicago) -- Caesars Entertainment Operating Co. has a new strategy for resolving its contentious bankruptcy: Sue its parent, the parent’s owners and their...

8/13/2016

article How Caesars Palace Became a Las Vegas Icon
(Las Vegas) -- In February 1965, construction began on an extravagant new hotel on the Las Vegas strip, designed to be the most lavish and over-the-top hotel and casino...

8/10/2016

article Apollo’s strange ‘self-dealing’ in Caesars bankruptcy battle
(New York) -- The reorganization of Caesars casino has taken an odd turn as owner Apollo Global Management on Tuesday essentially sued itself for “self-dealing....
article Caesars’ plans to convert corporations into LLCs recommended for OK
(Nevada) -- State gaming regulators have recommended approval of Caesars Entertainment’s plan to convert its operating and real estate corporations into limited...

8/9/2016

article End in Sight for Caesars Bankruptcy Saga?
(Las Vegas) -- In the wake of its $4.4 billion mega-deal for Playtika and its popular Slotomania game, Caesars Entertainment may finally be getting junior creditors to...

8/6/2016

article Caesars Palace celebrates 50th anniversary — PHOTOS
(Las Vegas) -- Caesars Palace is celebrating its 50th anniversary with fireworks, special deals and celebrities. Since opening on Aug. 5, 1966, it has seen massive...
article The Birth of a Brand
(Las Vegas) -- The opening strains of Aaron Copland’s “Fanfare for the Common Man” quieted the 5,000 Teamster officers and their invited guests who...

8/2/2016

article Whether a bit player or the star, Caesars Palace has earned a place in cinematic history
(Las Vegas) -- Very twinkly. Very sparkly. And more than ready for its close-up from the very start. But no, Caesar never lived at Caesars Palace. Not unless you count...
article Caesars reports quarterly loss due to support of bankrupt unit
(Las Vegas) -- Caesars Entertainment Corp. on Tuesday reported a second-quarter loss of $2.08 billion, after reporting a profit in the same period a year earlier. The...

8/1/2016

article On its birthday, innumerable reasons to love Caesars Palace
(Las Vegas) -- Caesars Palace celebrates its 50th birthday on Aug. 6, marking its rich history as the Strip’s first truly “themed” hotel. To ably...
article Caesars Brings More Creditors on Board With Restructuring
(Chicago) -- Caesars Entertainment Operating Co. has broadened the support for its $18 billion debt-restructuring plan, adding certain junior bondholders to the list of...

7/26/2016

article Caesars Interactive Entertainment in Advanced Talks Over $4.2 billion Acquisition
(Las Vegas) -- Caesars Interactive Entertainment (CIE) could be sold to a Chinese consortium led by Giant Interactive, owners of MMO role-playing game ZT Online,...

7/15/2016

article Caesars Palace Turns 50: An Oral History of the Las Vegas Hotel and Casino
(Las Vegas) -- Ten of Vegas' major players who've seen it all dish on the iconic destination's past, including Evel Knievel's crash, Frank Sinatra's...

7/11/2016

article Caesars Entertainment, Caesars Acquisition amend merger deal
(Delaware) -- Caesars Entertainment Corp. and Caesars Acquisition Co. have amended their proposed merger agreement, which is intertwined with the $18 billion bankruptcy...

6/24/2016

article Caesars’ operating arm can move towards bankruptcy exit vote
(Chicago) -- Caesars Entertainment Operating Co (CEOC) has been told it can begin seeking creditor votes for a plan to exit its $18 billion (€16.4 billion)...

6/18/2016

article Caesars Palace celebrates 50th anniversary
(Las Vegas) -- Caesars Palace is celebrating 50 years on the Las Vegas Strip. To mark this milestone, the hotel-casino unveiled Saturday a free, self-guided tour where...
article Caesars wins temporary reprieve from creditors
(Las Vegas) -- A Chicago judge has granted global casino operator Caesars Entertainment Corporation a temporary reprieve from court actions brought by shareholders of...

6/16/2016

article Caesars Entertainment wins temporary reprieve of creditor lawsuits
(Chicago) -- Beleaguered casino operator Caesars Entertainment has won a temporary reprieve from having to face creditor lawsuits. On Wednesday, US Bankruptcy Court...

6/15/2016

article Caesars wins temporary halt to creditor lawsuits over debt promise
(Chicago) -- Caesars Entertainment Corp. won a temporary halt to potentially crippling court rulings in bondholder lawsuits that accuse the company of unfairly reneging...
article U.S. judge gives Caesars temporary reprieve from lawsuits
(Chicago) -- A U.S. judge on Wednesday temporarily halted lawsuits seeking $11.4 billion in damages from Caesars Entertainment Corp on Wednesday, urging the parties in...

6/13/2016

article Caesars’s Summer Is No Vacation as Threats Brew in Three Courts
(Chicago) -- Caesars Entertainment Corp.’s campaign to get its operating unit out of bankruptcy faces its biggest tests this month as judges in three cities...
article Lawyer for Caesars unit seeks halt to lawsuits against parent
(Chicago) -- A lawyer for Caesars Entertainment Operating Co., or CEOC, asked a U.S. bankruptcy judge on Monday to halt lawsuits against its parent temporarily so it can...

6/12/2016

article Bad Turn For Caesars
(Chicago) -- There was nothing but bad news last week for Caesars Entertainment in its long fight to secure approval of a bankruptcy reorganization plan for its largest...

6/7/2016

article Casino Union Calls Caesars Bankruptcy REIT Plan Too Risky
(Chicago) -- Caesars Entertainment Corp.’s proposal to spin assets of its bankrupt operating unit into a real estate investment trust would create a deeply...

6/6/2016

article Caesars Bankruptcy Mediator Says Creditor Talks Deadlocked
(Chicago) -- Talks between Caesars Entertainment Corp. and second-lien creditors of its bankrupt operating unit are deadlocked, according to a mediator brought in to...
article Caesars seeks fresh halt to lawsuits as mediation breaks down
(Chicago) -- The bankrupt operating unit of Caesars Entertainment Corp asked a U.S. bankruptcy judge to block creditors from pursuing litigation against its parent on...
article Congressmen call on IRS to reject Caesars REIT plan
(Washington D.C.) -- A group of US Congress members has urged tax authorities to reject a major component of the restructuring of Caesars Entertainment Corporation...

6/2/2016

article Members of U.S. Congress oppose Caesars' casino REIT plan
(Delaware) -- U.S. Congress members urged Treasury Secretary Jacob Lew to deny casino operator Caesars Entertainment Corp (CZR.O) a favorable tax ruling relating to the...

5/26/2016

article Congress Isn't Done with Casino Giant Caesars
(Washington D.C.) -- Last December, Sen. Harry Reid tried tacking an amendment onto an omnibus spending bill that would have retroactively shielded two private equity...

5/24/2016

article Google taps Caesar’s casino exec to lead enterprise sales
(USA) -- Google is hiring the Chief Commercial Officer of the Caesar’s Entertainment to lead its enterprise sales division. Recode was the first top report the...

5/20/2016

article Caesars proposes revised $4bn bankruptcy plan
(Chicago) -- Caesars Entertainment Corp. has offered creditors $4 billion (€3.6 billion) as part of a revised plan to help its casino operating unit emerge from...

5/18/2016

article Caesars offers $4 bln to help casino unit exit bankruptcy
(Chicago) -- Caesars Entertainment Corp has offered $4 billion in a new plan to help its casino operating unit emerge from Chapter 11, a lawyer for the unit told a U.S....
article For these Chicago law firms, it's the casino bankruptcy that keeps on giving
(Chicago) -- A casino company bankruptcy continues to enrich Chicago's lawyers: A judge has approved paying $14.2 million to Winston & Strawn, while Kirkland...

5/17/2016

article Sale of Caesars Interactive Entertainment Possible, Digital Arm Owns WSOP.com
(USA) -- Caesars Entertainment Corp., the global gaming operator, has received “multiple unsolicited bids” to acquire its wholly owned online subsidiary,...

5/6/2016

article Caesars reports ‘strong’ interactive growth in first quarter
(Las Vegas) -- Caesars Acquisition Company has cited a ‘strong’ performance by its Caesars Interactive Entertainment (CIE) business as one of the main...
article Caesars hires former bankruptcy judge as restructuring officer
(Chicago) -- Caesars Entertainment Corp said on Friday that it appointed a retired bankruptcy judge to the new role of chief restructuring officer after it warned it...
article Caesars Names Restructuring Chief as Legal Bills Mount
(Chicago) -- Caesars Entertainment Corp., the casino operator struggling under a mountain of debt, appointed a chief restructuring officer at the request of its...

5/5/2016

article Caesars Entertainment reports revenue increase, $308 million loss in first quarter
(Las Vegas) -- Caesars Entertainment, the casino giant behind many resorts on the Las Vegas Strip and elsewhere, reported its first quarter earnings today.

5/2/2016

press release New UNITE HERE Report Warns ADT Deal May be Repeat of Caesars Debacle
(Maryland) -- The announced buyout of home security company ADT (ADT) by Apollo Global Management (APO) is reminiscent of the 2008 buyout of casino giant Caesars,...

4/28/2016

article Scott Longley – Caesars – An Infinite Jest…
(UK) -- The denouement of the case brought against Caesars Entertainment Corporation (CEC) by its creditors in the bankruptcy court in Chicago produced a document that...

4/26/2016

article Caesars Makes Settlement Offer to Bondholder Group
(Wall Street) -- Caesars Entertainment Corp. and its bankrupt operating unit have offered an olive branch to a group of bondholders in a bid to move the unit's...

4/15/2016

article Caesars Colosseum evacuated after suspicious package was found
(Las Vegas) -- Las Vegas police say the Colosseum auditorium at the Caesars Palace casino has been evacuated as officers investigate a suspicious item that was found...
article Caesars Entertainment Corp Stock Is Increasing Now. What To Expect?
(Wall Street) -- The stock of Caesars Entertainment Corp (NASDAQ:CZR) gapped up by $0.01 today and has $10.40 target or 45.00% above today’s $7.17 share price.

4/9/2016

article A look inside Caesars’ hotel room renovations — PHOTOS
(Las Vegas) -- Four resorts on Las Vegas Boulevard are going to be or recently have been upgraded, offering tourists and staycationers almost 5,000 renovated rooms to...

4/8/2016

press release Atlantis, Paradise Island and Caesars Entertaiment Announce Marketing Alliance
(Bahamas) -- Atlantis, Paradise Island resort in The Bahamas is pleased to announce a partnership with Caesars Entertainment Corporation (Nasdaq: CZR).

4/4/2016

article Caesars Entertainment's A.C. properties fined $50k by state regulators
(Atlantic City) -- Caesars Entertainment's Atlantic City properties were fined $50,000 by the state Division of Gaming Enforcement, which said the fine was warranted...

4/2/2016

article Extra-marital affair tangles Caesars bankruptcy planning
(Chicago) -- An extra-marital affair of a restructuring adviser working for the bankrupt unit of Caesars Entertainment Corp (CZR.O) has cost the casino operator a team...

4/1/2016

article Caesars bankruptcy gets messier thanks to financial advise's extramarital tryst
(USA) -- Casino operator Caesars Entertainment’s messy bankruptcy just got a whole lot messier thanks to an extramarital affair involving a company attorney and a...

3/26/2016

article Lippo Group no longer interested in “any gaming aspect” of Caesars Incheon casino: Plus So. Korea update
(Hong Kong) -- In a filing with the Hong Kong stock Exchange this week Lippo Worldwide Investments stated that it was in negotiations with Caesars Entertainment over a...

3/23/2016

article Caesars Palace Fire Causes $100K in Damage
(Las Vegas) -- An iconic Las Vegas hotel sustained $100,000 in damage when a fire broke out Monday. The Associated Press reported the fire began at Caesars Palace around...

3/22/2016

article Caesars’ South Korean JV partner looking for suckers to take over its stake
(South Korea) -- Casino operator Caesars Entertainment’s South Korean joint venture partner is looking for someone to take over its share in the Incheon integrated...

3/21/2016

article 3 employees suffer smoke inhalation in escalator fire at Caesars Palace
(Las Vegas) -- An escalator fire sent smoke billowing into parts of Las Vegas’ glitzy Caesars Palace, 3570 Las Vegas Blvd. South, sending three hotel workers to...

3/18/2016

article Harrah’s an enjoyable place to work? You bet!
(Pennsylvania) -- Harrah’s Philadelphia Casino and Racetrack doesn’t gamble when it comes to ensuring the business is a great place to work for its 1,300...

3/17/2016

press release Caesars Entertainment Corporation Responds to Examiner's Report
(Las Vegas) -- Caesars Entertainment Corporation (CZR) ("Caesars Entertainment" or "the Company") issued the following response to the report filed...
article Caesars investors weigh impact of harsh examiner report
(New York) -- Investors in Caesars Entertainment Corp (CZR.O) were scrambling on Wednesday to grasp the cost from a court-ordered investigation that said the casino...
article Caesars CEO gets licensed by Nevada Gaming Commission
(Nevada) -- Caesars Entertainment Corp. CEO Mark Frissora was granted a license from state gaming regulators today after responding to concerns about his record at his...

3/16/2016

article Bankruptcy Examiner: Caesars Deals Hurt Creditors
(Wall Street) -- Caesars Entertainment Corp. and its private-equity owners engineered a series of deals that hurt the company’s now-bankrupt operating unit and its...
article Caesars bankruptcy may hinge on releasing inquiry results, judge says
(Chicago) -- A U.S. judge has opened the door to dismissing the $18 billion Caesars bankruptcy case unless parties find a way to make public results of an inquiry into...
article Caesars could face $5B hit from unit's bankruptcy
(Wall Street) -- Caesars Entertainment and its private equity backers could be on the hook for up to $5.1 billion in potential damages over a series of corporate deals...

3/9/2016

article Caesars adds more than 5,000 rooms to renovation program
(Las Vegas) -- Caesars Entertainment, which said last fall that it would renovate the 586-room original tower at the Caesars Palace Las Vegas and rechristen it as the...

3/6/2016

article Did Private Equity Firms 'Strip' Gambling Empire Caesars Before It Went Bankrupt?
(Chicago) -- A former Watergate prosecutor is due to release a report on a court-ordered fraud investigation into a series of corporate deals involving Caesars...

3/4/2016

article Report due in days could break deadlock on Caesars bankruptcy
(Chicago) -- A former Watergate prosecutor is due to release a report on a court-ordered fraud investigation into a series of corporate deals involving Caesars...

3/3/2016

article Nevada regulator backs Caesars CEO for gaming licence
(Las Vegas) -- The Nevada Gaming Control Board (NGCB) regulatory body has recommended that Caesars Entertainment Corp. chief executive Mark Frissora be granted a licence...

3/2/2016

article Caesars boosts resort fees, gets mediator, wins stay of junior creditor lawsuit
(Las Vegas) -- Casino operator Caesars Entertainment is charging hotel guests more for hotel services, regardless of whether or not guests actually use those services.
article STUTZ: Caesars CEO Frissora recommended for gaming license
(Las Vegas) -- State gaming regulators recommended that Caesars Entertainment Corp. CEO Mark Frissora receive a license to operate the casino company following a lengthy...

2/28/2016

article Caesars Entertainment Enjoys Growth in 2015 but Bankruptcy and Debt Cloud Horizon
(Las Vegas) -- Caesars Entertainment may be going through “the largest and most complex bankruptcy in a generation,” in the words of one its own attorneys,...

2/26/2016

article US judge halts NY litigation vs. Caesars Entertainment
(Delaware) -- A bondholder lawsuit against Caesars Entertainment Corp., which the casino company has warned could plunge it into bankruptcy alongside its operating unit...

2/25/2016

article Caesars Says It Doesn’t Have To Guarantee $7B Notes [sub req]
(New York) -- Caesars Entertainment sought an early out on Wednesday in New York federal court from a pair of breach of contract suits claiming $7.1 billion in notes by...

2/23/2016

article Caesars Reports Sharply Narrowed Loss Driven by Hotel Revenue
(Las Vegas) -- Caesars Entertainment Corp. on Tuesday reported a sharply narrowed fourth-quarter loss driven by higher hotel room revenue, excluding its largest unit,...
article Future of Caesars may be riding on bankruptcy court report
(Illinois) -- Leon Black must have the nerves of a riverboat gambler. For more than a year, Black, the owner of Caesars casinos, has been locked in a bitter legal fight...

2/17/2016

article Judge to Caesars Creditors: 'Just Click Your Heels' to Start $20 Billion Talks
(Chicago) -- Creditors squabbling over the bankrupt remains of Caesars Entertainment Operating Co. thought they had finally found something to agree on: They need a...

2/12/2016

article Caesars restructuring plan coming undone as senior creditors get grabby
(Illinois) -- Embattled casino operator Caesars Entertainment is facing fresh pressure from an unexpected source as senior creditors voice objections to the company...

2/4/2016

article Caesars asks bankruptcy court to appoint mediator to speed up restructuring
(Illinois) -- Casino operator Caesars Entertainment has asked a bankruptcy court to appoint a mediator to resolve creditor objections to the restructuring of Caesars...

2/2/2016

article Jan Jones Blackhurst, the ace up Caesars Entertainment's sleeve
(Las Vegas) -- The Las Vegas Strip is famous for larger-than-life entrepreneurs such as Steve Wynn and Donald Trump. But for much of the last 12 years, Caesars...

1/28/2016

article Caesars' Atlantic City casinos need 335 workers
(Atlantic City) -- They may be the three most important words in Atlantic City: “We are hiring.” Rick Mazer, general manager of Harrah’s Resort, is...

1/21/2016

article Investigator finds 'degree of civil fraud' in Caesars' pre-bankruptcy transactions
(New York) -- Casino operator Caesars Entertainment has been warned that the judge overseeing the bankruptcy of its main unit could force the process into liquidation.

1/20/2016

article Caesars bankruptcy may hinge on releasing probe results - U.S. judge
(Massachusetts) -- A U.S. judge on Wednesday opened the door to dismissing the $18 billion Caesars bankruptcy case unless parties find a way to make public results of a...
article Court-appointed probe will slam Caesars for fraud
(Chicago) -- Caesars Entertainment’s court-appointed examiner has told company officials and creditors’ lawyers he believes the company acted improperly when...

1/6/2016

article Caesars bankrupt division has net income of $29.6M in November
(Las Vegas) -- Caesars Entertainment's bankrupt operating division recorded a net profit of $29.6 million during November, the company said in a securities filing...

12/29/2015

article Federal Judge Denies Caesars Bondholders’ Bid for Pretrial Victory
(New York) -- Caesars Entertainment Corp. defeated bondholders’ bid for a pretrial victory in two lawsuits that accuse the gambling company of stripping value from...

12/25/2015

article Caesars Entertainment Corp (NASDAQ:CZR) Gets Lifeline To Stop Bankruptcy Lawsuits
(Wall Street) -- A favorable ruling by an appeals court in Chicago means Caesars Entertainment Corp (NASDAQ:CZR) can halt a series of lawsuits threatening the existence...

12/24/2015

article Caesars Wins New Chance to Stop Suits That Threaten Parent
(Chicago) -- Caesars Entertainment Operating Co. won another chance to halt a series of New York lawsuits that threaten to put the casino company’s parent into...

12/20/2015

article Harrah's Casino Donates to Eight Local Charities
(Illinois) -- Harrah’s Metropolis Casino and Hotel, the region’s premiere gaming, dining and entertainment destination, along with the Caesar’s...
article Company Shares of Caesars Acquisition Company (NASDAQ:CACQ) Drops by -2.7%
(Wall Street) -- Caesars Acquisition Company (NASDAQ:CACQ) has dropped 2.7% during the past week, however, the bigger picture is still very bullish; the shares have...

12/16/2015

article Caesars finds coal under Xmas tree after Reid fails to pass bankruptcy amendment
(Washington D.C.) -- Casino operator Caesars Entertainment has lost its bid to amend a federal law that would have allowed it to ignore creditor lawsuits while...

12/14/2015

article GOP warns against Reid's joker in spending bill
(Washington D.C.) -- Senate Minority Leader Harry Reid is seeking to attach a rider to a $1.1 trillion spending bill. The move would upend federal bankruptcy law,...

12/11/2015

article Casino Capitalism Grips Washington
(Washington D.C.) -- Negotiations over a must-pass bill to avert a government shutdown have stumbled on an unlikely roadblock that has nothing to do with government...

12/10/2015

article Casino bill pits Reid against Warren
(Washington D.C.) -- A move by Sen. Harry Reid (D-Nev.) to help Caesars Entertainment Corp. avoid bankruptcy has put the Senate Democratic leader at odds with one of his...

12/9/2015

article Caesars Entertainment lobbies for Harry Reid-backed measure to help casino
(Washington D.C.) -- Lobbyists for Caesars Entertainment are jockeying to include a measure in the must-pass government spending bill that would help the Las Vegas-based...

12/7/2015

article Caesars bankrupt division reports net profit of $23.1M in October
(Las Vegas) -- Caesars Entertainment Corp.'s bankrupt operating division reported a net income of $23.1 million during October, according to a securities filing...
article Caesars' debt restructuring row heads to Washington
(Washington D.C.) -- A fight between creditors and Caesars Entertainment Corp over some $18 billion of unpaid debt has moved to Washington as the casino firm and its...
article Reid rankles Dems with push for casino rider in funding bill
(Washington D.C.) -- Senate Minority Leader Harry Reid (D-Nev.) is kicking up a storm with liberals in his caucus by pushing an amendment to the government funding bill...
article Wall Street’s Debt Restructuring Fight Heads to Washington
(Washington D.C.) -- Proposed changes to an obscure Depression-era law are causing a ruckus among the Wall Street investment funds that are battling over the debt...

12/6/2015

article Company Shares of Caesars Entertainment Corporation (NASDAQ:CZR) Drops by -2.97%
(Wall Street) -- Caesars Entertainment Corporation (NASDAQ:CZR) has lost 2.97% during the past week and dropped 10.18% in the last 4 weeks. The shares are however,...

12/5/2015

article Caesars Entertainment Corporation Inflow, Earnings and Results
(Wall Street) -- Can Caesars Entertainment Corporation be expected to hit sales markers for the shares? The bigger question, is, of course, can (NASDAQ:CZR) shares hit...

11/28/2015

article Caesars appeals ruling that opens it up to $364M claim
(Las Vegas) -- Casino giant Caesars Entertainment is appealing a bankruptcy court ruling that could put it on the hook for nearly $364 million.

11/25/2015

article Caesars appeals court ruling that opens it up to $364 million claim
(Las Vegas) -- Casino giant Caesars Entertainment is appealing a bankruptcy court ruling that could put it on the hook for nearly $364 million. That's the amount a...

11/23/2015

article Caesars Entertainment sued over charter flights
(Las Vegas) -- Caesars Entertainment Operating Co.'s plan to offer chartered flights to its casinos has flown off course and into a multimillion-dollar legal storm.

11/21/2015

article Caesars Acquisition Company Shares Up 10.1% (CACQ)
(Wall Street) -- Caesars Acquisition Company (NASDAQ:CACQ) shot up 10.1% on Thursday , AnalystRatingsNetwork.com reports. The stock traded as high as $6.70 and last...

11/18/2015

article Caesars' bankruptcy timeline, lawyers in focus at Chicago hearing
(Chicago) -- The largest U.S. casino group, bankrupt Caesars Entertainment Operating Co, squares off against its bondholders in court on Wednesday over a slew of issues...
article Judge slows Caesars' push to exit bankruptcy
(Chicago) -- A U.S. federal judge agreed on Wednesday to delay a crucial hearing to review Caesars Entertainment Operating Co's Chapter 11 plan until an independent...

11/12/2015

article Caesars Reports Mixed Third Quarter Results, WSOP TV Ratings Also Mixed
(Las Vegas) -- Caesars Acquisition Company (CAC), the investment arm in Caesars Growth Partners (CGP), released its third quarter revenues for 2015 and the results are...

11/10/2015

article Caesars Out of Ohio
(Ohio) -- The Horseshoe Casino Cincinnati and Horseshoe Casino Cleveland in Ohio will be getting a different name and will be operated by Rock Gaming. That new operator...

11/9/2015

article BLOG: Caesars to build arena to compete with MGM? Fontainebleau to restart?
(Las Vegas) -- Are plans to restart the shuttered Fontainebleau on the Las Vegas Strip being discussed? Have Caesars Entertainment executives begun looking at plans to...
article Caesars executives upbeat despite net loss; company revenue increases
(Las Vegas) -- Caesars Entertainment Corp. took a net loss in the third quarter due to separating its bankrupt operating division from company wide results, but said...
article Caesars increases quarterly revenue, but bankruptcy leads to big loss
(Las Vegas) -- Casino giant Caesars Entertainment, which operates many big resorts on the Strip and elsewhere, reported its third quarter earnings today.

11/5/2015

article Caesars examiner delays delivery of pre-bankruptcy inquiry
(Chicago) -- An independent investigation into transactions by casino giant Caesars Entertainment Operating Co., CEOC, prior to its $18 billion bankruptcy filing will...

10/27/2015

article Caesars cancels Mississippi Tunica auction amid lack of bidders
(Mississippi) -- Caesars Entertainment Corp's bankrupt operating group has canceled the auction of property at its failed Harrah's Tunica Casino in Mississippi...
article Will sale of Caesars' bankrupt casino operating unit attract buyers?
(Mississippi) -- When a bankrupt operating unit of Caesars Entertainment went on the market earlier this month, the package consisted of 38 casinos, including Caesars...

10/26/2015

article Caesars Palace Las Vegas to roll out renovated Julius Tower in time for hotel's 50th anniversary
(Las Vegas) -- Hail, Caesar! At Caesars Palace Las Vegas, the Roman Tower, soon to be renamed, is getting a makeover as the hotel-casino gears up to mark its 50th year...
article Will Caesars' bankrupt casino operating unit attract buyers?
(Las Vegas) -- When a bankrupt operating unit of Caesars Entertainment went on the market earlier this month, the package consisted of 38 casinos, including the iconic...

10/23/2015

article Caesars Palace renovating 50-year-old tower at cost of $75M
(Las Vegas) -- Caesars Palace, which turns 50 years old next year, is spending almost four times the original cost to build the Strip resort in order to remodel the...
article Caesars Palace turning 50, getting $75 million upgrade
(Las Vegas) -- Caesars Palace on the Las Vegas Strip is getting a $75 million upgrade for its 50th birthday. Caesars Entertainment Corp. is expected to announce Friday...

10/20/2015

article Wilmington Trust sues Caesars over guarantee on unit's notes
(New York) -- Wilmington Trust, a representative for noteholders of Caesars Entertainment Corp's (CEC) bankrupt unit, has sued the casino operator for avoiding its...

10/18/2015

article Company Shares of Caesars Acquisition Company (NASDAQ:CACQ) Drops by -3.52% October 18, 2015
(Wall Street) -- Caesars Acquisition Company (NASDAQ:CACQ) has lost 3.52% during the past week and dropped 2.76% in the last 4 weeks.

10/11/2015

article Company Shares of Caesars Entertainment Corporation (NASDAQ:CZR) Rally 9.66%
(Wall Street) -- Shares of Caesars Entertainment Corporation (NASDAQ:CZR) appreciated by 9.66% during the past week but lost 14.71% on a 4-week basis.

10/9/2015

article Caesars Entertainment Corp Cut to Sell at TheStreet (CZR)
(Wall Street) -- TheStreet cut shares of Caesars Entertainment Corp (NYSE:CZR) from a hold rating to a sell rating in a report issued on Tuesday morning, MarketBeat...

10/8/2015

article Bankrupt Caesars division amends restructuring plan, seeks to extend exclusivity period
(Las Vegas) -- Caesars Entertainment Corp.’s main operating division has adjusted the way it intends to emerge from bankruptcy and wants to prolong its period of...
article Caesars to face lawsuits while running casino's Chapter 11
(Illinois) -- Caesars Entertainment Corp's bankrupt casino unit struggled on Thursday to keep its complex debt-cutting plan on track, saying it had sweetened the...

10/5/2015

article Caesars bankruptcy date under scrutiny at trial with creditors
(Chicago) -- Caesars Entertainment Corp's casino business sparred with a group of creditors in a trial on Monday over the exact date that the casino operator went...
article Squabble Over Caesars Bankruptcy Day Not Priority for Judge
(Chicago) -- Caesars Entertainment Operating Co. opened a multiday trial to determine the exact date it went bankrupt, a question that could threaten a $468 million...

10/4/2015

article Casino exec says new vision will attract young gamblers
(Las Vegas) -- New Caesars Entertainment Corp. chief executive Mark Frissora said he's been shocked at the casino industry's lack of innovation in appealing to...
article Bankruptcy date a subject of contention for Caesars and creditors
(Las Vegas) -- A hold on $468 million hinges on the outcome of a court date on Monday when Caesars Entertainment Corporation’s casino business creditors ask a...

10/3/2015

article Caesars’ new CEO shocked with lack of casino innovation
(Las Vegas) -- Whether it was the recession, worse odds of winning or disinterested would-be younger gamblers, the industry has realised they need to appeal to players...
article Caesars and Creditors Locked in Legal Battle over Bankruptcy Date
(Las Vegas) -- Creditors of Caesars Entertainment Operating Company, subsidiary of Caesars Entertainment Corp. that provides casino entertainment services, are to appear...
article Aetna hires ex-CEO of casino company Caesars Entertainment
(Las Vegas) -- The former CEO of casino company Caesars Entertainment Corp. is joining health insurer Aetna. The Hartford, Connecticut-based company announced Wednesday...

10/2/2015

article Caesars casino operator, creditors face off over bankruptcy date
(Chicago) -- Creditors of Caesars Entertainment Corp's casino business are heading to court on Monday to argue that the company has been bankrupt for three days...

9/26/2015

article Inside Gaming: Caesars Debt Woes Continue, Sands Gives Up in Florida, Showboat Bought Again
(Las Vegas) -- This week’s installment of Inside Gaming reports on Caesars Entertainment Corp.’s failed efforts to come to an agreement with its creditors (...

9/24/2015

article Caesars Debt Talks Said to Hit Impasse as Creditor Pact Expires
(Chicago) -- Caesars Entertainment Corp. is at a $2 billion impasse with creditors it hopes will help keep it from sliding into bankruptcy alongside its operating unit,...

9/19/2015

article Gaming commission approves $1.5 million fine for Caesars
(Las Vegas) -- With only brief discussion, the Nevada Gaming Commission on Thursday signed off on a $1.5 million fine agreed to by Caesars Entertainment Corp. for...

9/17/2015

article Gaming commission approves $1.5 million fine for Caesars
(Nevada) -- With only brief discussion, the Nevada Gaming Commission on Thursday signed off on a $1.5 million fine agreed to by Caesars Entertainment Corp. for violating...
article Regulators OK $1.5 million fine against Caesars for weak anti-money-laundering procedures
(Nevada) -- Nevada regulators today approved a $1.5 million state fine against Caesars Entertainment Corp. because of lapses in the company’s anti-money-laundering...

9/15/2015

article Multiple errors at Caesars leads to $1.5M Nevada fine, document shows
(Las Vegas) -- Caesars Palace maintained "highly deficient internal controls" inside the Strip resort's private gaming salons, had numerous lapses in its...

9/14/2015

article Caesars Asks to Appeal Bond Ruling Threatening Restructuring
(Chicago) -- Caesars Entertainment Corp. seeks to challenge a court ruling it claims would halt out-of-court debt restructurings while defending its decision to abandon...

9/9/2015

article Judge moves lawsuit among Caesars' creditors to Chicago
(Chicago) -- A legal battle between junior and senior creditors of the bankrupt division of Caesars Entertainment Corp should be heard in Chicago rather than New York, a...
article Regulators Fine Caesars Palace for Allowing Millionaires to Gamble Off the Books
(Las Vegas) -- On Tuesday, the U.S. Treasury Department fined casino group Caesars Palace $9.5 million dollars for “willful and repeated violations of the Bank...

9/8/2015

article Caesars Entertainment Casino Money Laundering Scandal: Chinese High-Rollers Allowed To Gamble Anonymously
(Washington D.C.) -- Caesars Entertainment Corp. has agreed to pay an $8 million civil penalty for having “severely deficient” anti-money-laundering controls...
article Caesars Fined $9.5 Million Over Lax Money-Laundering Controls
(Washington D.C.) -- U.S. and Nevada regulators have fined Caesars Entertainment Corp.’s bankrupt unit a total of $9.5 million for deficient anti-money-laundering...
article Caesars fined $9.5 mln over anti-money laundering failures
(Washington D.C.) -- The U.S. Treasury Department's anti-money laundering unit on Tuesday fined Caesars Entertainment Corp's flagship Las Vegas property $8...
article Caesars to pay $9.5M in fines to settle money laundering violations
(Washington D.C.) -- Caesars Entertainment Corp. will pay fines totaling $9.5 million for violating federal money laundering rules at Caesars Palace, a government agency...
article U.S. Fines Caesars $8 Million Over Money-Laundering Controls
(Washington D.C.) -- The U.S. government has fined Caesars Entertainment Corp.’s bankrupt unit for having “severely deficient” anti-money-laundering...
article Caesars seeks court approval to sell shuttered Tunica casino
(Mississippi) -- The bankrupt division of Caesars Entertainment Corp has asked a judge to approve the sale of property at the failed Harrah's Tunica Casino in...

9/6/2015

article Zacks: Caesars Acquisition Company Receives Average Recommendation of “Hold” from Analysts (NASDAQ:CACQ)
(Wall Street) -- Caesars Acquisition Company (NASDAQ:CACQ) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage...

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...

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