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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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7/11/2014

article Caesars Unit Said to Tap Kirkland & Ellis to Lead Talks
(New York) -- Caesars Entertainment Corp. (CZR)’s largest unit hired law firm Kirkland & Ellis LLP to advise the casino operator on how to reorganize its $17.4...

7/10/2014

article Don't Hail Caesars Yet For Its Asia Breakthrough In Korea
(South Korea) -- Caesars Entertainment missed out on the Asia boom and has paid a heavy price. The company, whose flagship Caesars Palace became synonymous with Las...

7/7/2014

article Caesars to host Stanley Cup, NHL champs later this month
(Atlantic City) -- The Stanley Cup will again make an appearance in Atlantic City, courtesy of the Los Angeles Kings. The Cup will make appearances on Thursday, July 17...
article Caesars, already swimming in debt, headed toward the deep end
(Las Vegas) -- When drowning in debt, most people know they shouldn’t splurge on a new mansion, buy a high-end sports car or drool over a 150-foot yacht.

7/6/2014

article Caesars, already swimming in debt, headed toward the deep end
(Las Vegas) -- When drowning in debt, most people know they shouldn’t splurge on a new mansion, buy a high-end sports car or drool over a 150-foot yacht.
article Editorial: Showboat closing / 'Massive transition'
(Atlantic City) -- The planned closing of the Showboat Casino Hotel will be an undeniably painful blow to its 2,100 employees, their families — and the region'...

7/5/2014

article Caesars to shutter Atlantic City casino
(Atlantic City) -- Casino contraction has hit Atlantic City for the second time this year as the parent company of Showboat Casino Hotel has announced it will close the...

7/3/2014

article Caesars Turnaround Odds Hobbled by Default-Swap Volumes
(New York) -- Caesars Entertainment Corp. (CZR)’s ability to negotiate a debt exchange that keeps it out of bankruptcy is being complicated by a surge in credit-...
press release Fitch Clarifies Comment on Caesars' Showboat Closure
(New York) -- Fitch Ratings released a comment last week on June 27, 2014 stating that the planned closure of Showboat is potentially a negative for Caesars...

7/1/2014

article $223 million LINQ Hotel & Casino to replace The Quad on Las Vegas Strip
(Las Vegas) -- Caesars Entertainment announced its newest property on Tuesday, unveiling The LINQ Hotel & Casino as the latest addition to its portfolio of Las Vegas...
article Caesars Entertainment to transform Quad into Linq Hotel & Casino
(Las Vegas) -- Caesars Entertainment announced today its newest property on the Strip, the $223 million Linq Hotel & Casino, a reimagination of the current Quad...
article Caesars to spend $223 million on revamping Quad, rebranding it as Linq hotel
(Las Vegas) -- Caesars Entertainment is linking — or is it linqing? — its Strip property to its recently opened retail and entertainment plaza. The company...

6/30/2014

press release Caesars Entertainment Announces Extension of Early Tender Time and Expiration Time for Tender Offers for Caesars Entertainment Operating Company, Inc.'s Debt Securities
(Las Vegas) -- Caesars Entertainment Corporation ("Caesars") (CZR) announced today that its subsidiary, Caesars Entertainment Operating Company, Inc. (the...

6/27/2014

article Caesars Closes Casino in Atlantic City as Revenue Slides
(Wall Street) -- Caesars Entertainment Corp. (CZR), the largest operator of U.S. casinos, will shutter its Showboat property in Atlantic City to reduce capacity in the...

6/26/2014

article Caesars CEO eyes debt deal, says can finance Japan foray
(Japan) -- Caesars Entertainment Corp will likely agree to a debt restructuring with bondholders within a year and should have no problem financing a foray into the...
article Caesars could raise more debt for Japan venture: Loveman
(Japan) -- Gary Loveman, chief executive of Las Vegas-based casino operator Caesars Entertainment Corp, has told Bloomberg News that a Japan gaming resort would require...

6/23/2014

article Ceasars Default Notice Alters Shareholder Odds
(Wall Street) -- Caesars Entertainment Corporation's recent default notice makes its common stock more of a gamble than the crap tables. As written in the article,...

6/21/2014

article Atlantic Club Sold by Caesars
(Atlantic City) -- The Atlantic Club Casino has been sold by a subsidiary of Caesars Entertainment to a Florida company that is reportedly eyeing the property for use as...

6/17/2014

article Caesars extends offer to purchase $791.8 million in long-term debt
(New York) -- Caesars Entertainment Corp., extended by more than a week an offer for investors to purchase $791.8 million in the company’s long-term debt.
article Casino battle royale brewing over Caesars sell-off plan
(New York) -- The high-stakes battle between hedge-fund players Leon Black and David Tepper is coming to a head. Tepper’s Appaloosa Management and a group of...

6/12/2014

article Casino Owner Caesars Redefines Itself, but Still Has Mountain of Debt
(New York) -- Caesars Entertainment, the owner of several casinos, is taking a page from the Dynegy playbook. That is not meant as a compliment.

6/11/2014

article Could This Be the Start to Caesars' Comeback?
(USA) -- Caesars Entertainment's (NASDAQ: CZR) first-quarter 2014 earnings were not promising. With casino revenue down over 8% compared to the first quarter of 2013...

6/10/2014

article Caesars Entertainment Corporation: 5 Year Outlook
(Las Vegas) -- Caesars Entertainment Corp (NASDAQ: CZR) is one of the most established casino operators in the United States. It saw remarkable growth over the course of...
article Caesars Receives Default Notice from Second-lien Noteholders
(New York) -- The second-lien bondholders who served Caesars Entertainment operating unit with a notice of default on Friday, June 6 have brought the casino giant one...

6/8/2014

article Caesars Receives Notice of Default From Bondholder-Led Group
(New York) -- Bondholders sent a unit of Caesars Entertainment Corp. a notice of default, intensifying a battle with the largest owner of casinos in the U.S.

6/7/2014

article Caesars Entertainment Hits Back Against Allegations of Default by Junior Bondholders
(Wall Street) -- When the chips are down everyone begins to focus acutely on the odds stacked up against them, whether sitting at the gaming table or, indeed, in life....

6/6/2014

article Caesars fires back after bondholders file notice of default
(Las Vegas) -- Caesars Entertainment Corp. struck back Friday against a group of 13 bondholders that filed a notice of default against the casino giant, calling the...
article The Fight Between Caesars and Its Creditors
(Las Vegas) -- Bondholders sent a unit of Caesars Entertainment a notice of default, intensifying a battle with the largest owner of casinos in the U.S. Chris Palmeri...

5/28/2014

article Apollo Uses Wedge Maneuver to Save Caesars
(New York) -- In its efforts to salvage the $3.3 billion-plus it has invested in Caesars Entertainment Corp. CZR -1.32% , Apollo Global Management APO +0.20% LLC is...

5/24/2014

article Caesars pitches Harriman casino to more supportive crowd
(New York) -- Supportive comments outnumbered criticisms on Thursday as the world's largest casino business pitched its plans for a $750 million resort near the...

5/20/2014

article Caesars completes sale of Harrah’s New Orleans
(Louisiana) -- Caesars Entertainment Corp. completed sale Tuesday of Harrah’s New Orleans to Caesars Growth Partners after receiving approval from the Louisiana...

5/14/2014

article Caesars exec Jason Gastwirth: ‘We’ve built a great show and a great business with Britney’
(Las Vegas) -- When they booked Britney Spears to play just a shade less than 100 shows in two years in Axis Theater at Planet Hollywood, Caesars Entertainment officials...

5/13/2014

article Caesars and the $450 Million 'And'
(Wall Street) -- Obviously my favorite financial news story so far this week is The Tale of the $450 Million 'And.' This is the story of Caesars Entertainment,...

5/12/2014

article Caesars' Earnings Look Terrible, but You Might Want to Bet on This One Highlight
(Las Vegas) -- Caesars Entertainment (NASDAQ: CZR), which released its first-quarter 2014 earnings on May 7, is not looking so good. With casino revenue down over 8%...

5/10/2014

article Caesars looking to cut costs, could close casino
(Atlantic City) -- Atlantic City’s largest casino operator is acknowledging that it is exploring cost-cutting measures, including the possibility of closing a...

5/9/2014

article Caesars' CEO: Atlantic City Has Too Many Casinos
(Atlantic City) -- The CEO of Caesars Entertainment says Atlantic City has too many casinos and one or more of them needs to close. During an earnings conference call on...

5/8/2014

article Caesars boss: More Atlantic City casinos should close
(Atlantic City) -- Caesars Entertainment is the biggest casino operator in Atlantic City, and CEO Gary Loveman at yesterday's quarterly investor conference call...
article Report: Caesars Won't Rule Out Closing Atlantic City Casino
(Atlantic City) -- Although Caesars didn’t say that a casino in Atlantic City would close, there is a report that the firm is “weighing” the idea of...

5/7/2014

article Caesars Weighs Closing Atlantic City Casinos
(Atlantic City) -- Caesars Entertainment Corp., the largest operator of casinos in Atlantic City, New Jersey, is looking for ways to reduce capacity in the struggling...
article Caesars Entertainment restructures debt to avoid $1 billion in 2015 payments
(Las Vegas) -- Caesars Entertainment Corp. announced a multipronged debt restructuring effort to deal with the most pressing portion of the company’s gaming...
article Caesars debt refi buys time but undercuts junior lenders
(Wall Street) -- The nation’s largest casino chain late Tuesday announced a series of moves to deal with its onerous debtload and gain some breathing room. Those...
article Caesars loss widens as revenue dips
(Wall Street) -- Caesars Entertainment Corp.'s first-quarter loss widened as the casino operator recorded a drop in revenue amid continued softness in parts of the...
article Caesars Loss Widens as Revenue Slips
(New York) -- Caesars Entertainment Corp.'s (CZR) first-quarter loss widened as the casino operator recorded a drop in revenue amid continued softness in parts of...
article Caesars sees quarterly net loss increase 78 percent
(Wall Street) -- Caesars Entertainment Corp. increased its net loss 78 percent in the first quarter, the casino operator said Wednesday.
article Hedgie Tepper plans lawsuit to halt Caesars sale
(New York) -- David Tepper — this year’s top-paid hedge fund manager — is preparing to sue Caesars Entertainment for allegedly trying to avoid paying...

5/6/2014

article Las Vegas Turf Wars: Casinos Gamble on Thrill Rides
(Las Vegas) -- For decades, Las Vegas casinos have been trying to one-up each other with high-end restaurants, mega clubs, and even thrill rides -- all in a bid to lure...
article Caesars Sells Minority Stake Stripping Debt Guarantees
(Wall Street) -- Caesars Entertainment Corp. (CZR) is selling a minority interest in its largest unit, a step that removes guarantees by the casino company on much of...
article Caesars Tries to Strengthen Subsidiary Through Refinancings
(Wall Street) -- Caesars Entertainment Corp. announced a series of refinancings and other transactions for a key subsidiary, another step in the casino giant's...

5/5/2014

article Caesars Entertainment rewards program targets local residents
(Atlantic City) -- Hoping to draw the local residents who frequented the recently shuttered Atlantic Club Casino Hotel, Caesars Entertainment is rolling out a Local...
article A Caesars’ Debt Revamp to Cost Creditors, Moody’s Says
(Wall Street) -- Caesars Entertainment Corp. (CZR), controlled by Apollo Global Management LLC and TPG Capital, will have to restructure its debt and may leave some...

4/26/2014

article Caesars Windsor Not about to Close Says Caesars Head Office
(Canada) -- After the recent temporary closure of Caesars Windsor Casino in connection to the contract signing with the casino workers' union, and the recent...

4/25/2014

article Caesars faces criticism for New York expansion plan
(New York) -- The head of the Assembly Tourism and Gaming Committee is calling Atlantic City's largest casino operator hypocritical for its decision to pursue...
article Caputo blasts Caesars' New York casino announcement as "hypocrisy"
(New Jersey) -- A state lawmaker is calling Caesars Entertainment’s announcement to build a resort-like casino in neighboring New York pure “hypocrisy.”
article The bets are in
(New York) -- Caesars Entertainment Corporation, which operates 53 properties around the world, announced this week that it plans to pursue a license to develop a resort...
article Caesars ‘remains commited’ to Windsor despite sliding revenues
(Ontario) -- Caesars Entertainment’s corporate team in Las Vegas said Thursday it “remains committed” to the casino in Windsor despite declining...

4/24/2014

article Caesars Brings Neteller to New Jersey and Nevada Sites
(New Jersey) -- The online gaming market’s expansion in the United States has seen its fair share of issues. Many of them stem from the legal and political waters...
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...

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