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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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5/2/2015

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

5/1/2015

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

4/30/2015

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

4/29/2015

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

4/27/2015

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

4/25/2015

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

4/23/2015

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

4/20/2015

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

4/17/2015

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

4/15/2015

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

4/2/2015

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

3/29/2015

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

3/28/2015

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

3/26/2015

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

3/25/2015

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

3/24/2015

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

3/23/2015

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

3/22/2015

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

3/19/2015

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

3/17/2015

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

3/13/2015

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

3/11/2015

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

3/9/2015

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

3/8/2015

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

3/5/2015

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

3/4/2015

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

3/3/2015

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

3/2/2015

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

2/27/2015

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

2/26/2015

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

2/23/2015

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

2/19/2015

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

2/18/2015

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

2/17/2015

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

2/16/2015

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

2/11/2015

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

2/10/2015

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

2/9/2015

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

2/8/2015

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

2/6/2015

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

2/5/2015

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

2/4/2015

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

2/3/2015

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

2/2/2015

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

1/30/2015

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

1/28/2015

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

1/27/2015

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

1/26/2015

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

1/25/2015

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

1/24/2015

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

1/22/2015

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

1/21/2015

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

1/20/2015

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

1/19/2015

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

1/18/2015

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

1/17/2015

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

1/16/2015

article Caesars unit files for bankruptcy
(New York) -- The main operating unit of troubled US casino giant Caesars Entertainment—owners of the famed Caesars Palace in Las Vegas—said Wednesday it has...
article Nevada Casino Expert: Caesars Bankruptcy Could Be Good News for A.C.
(Philadelphia) -- How much is Atlantic City’s casino industry struggling? You only need to look at the numbers to find out. No, not the four casinos that closed...
article All 3 Caesars casinos in Atlantic City open
(Atlantic City) -- All three Atlantic City casinos owned by Caesars Entertainment remain open, despite a Chapter 11 bankruptcy filing Thursday by a unit of the global...
article Business as usual at Caesars despite bankruptcy filing
(Las Vegas) -- The announcement Thursday that Caesars Entertainment Operating Co. filed for bankruptcy to rearrange its massive debt comes at a time when Las Vegas Strip...
article Caesars Windsor says it's unaffected by bankruptcy
(Detroit) -- The bankruptcy filing by Caesars Entertainment Corp. will not affect business at Caesars Windsor, a casino spokeswoman said. "It is business as usual...

1/15/2015

article Delaware judge stays Caesars bankruptcy case
(Delaware) -- A U.S. Bankruptcy Court judge said on Thursday he would issue a modified stay order that would prevent the operating unit of Caesars Entertainment Corp...
article Caesars files Chicago bankruptcy, halted by Delaware judge
(Chicago) -- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy in Chicago on Thursday to cut $10 billion...
article Caesars puts largest unit into bankruptcy; judge OKs routine motions
(New York) -- The unraveling of Caesars Entertainment Corp.’s complicated financial structure began Thursday when the casino operator placed its largest business...
article Cash-strapped Caesars division files for bankruptcy protection
(New York) -- The main operating division of debt-ridden casino company Caesars Entertainment filed for bankruptcy early Thursday morning in Chicago, taking a long-...
article Crumbling Caesars empire files for bankruptcy but casinos to remain open
(New York) -- The decline in American gambling claimed one of the star companies in the industry as a division of financially troubled Caesars Entertainment will head to...
article 5 Things Things to Know About the Caesars Restructuring
(New York) -- Caesars Entertainment Operating Co., the largest unit of casino operator Caesars Entertainment Corp., filed for Chapter 11 bankruptcy protection Thursday...
article Caesars Palace’s bankruptcy is another hit on private equity
(New York) -- The company that owns most of Caesars Palace in Las Vegas filed for bankruptcy on Thursday, making official the failure of a grand buy-out inked by two...
article Court filings show Caesars unit owes Gordon Ramsay, Nobu
(Las Vegas) -- A cash-strapped division of casino giant Caesars Entertainment Corp. filed for bankruptcy protection Thursday in Chicago, hoping the court agrees to its...
article Horseshoe Casino Cleveland and ThistleDown not part of Caesars bankruptcy filing
(Ohio) -- Horseshoe Casino Cleveland, ThistleDown Racino and Horseshoe Casino Cincinnati are not part of a bankruptcy filing by a division of Caesars Entertainment Corp...
article Maryland regulators to meet with Caesars after unit files for bankruptcy
(Maryland) -- State regulators said Thursday that they will be closely following Thursday's bankruptcy filing by a cash-strapped division of casino giant Caesars...
article Why Did Caesars Choose Chicago?
(Illinois) -- As restructuring professionals counted down the hours until Caesars Entertainment Corp. put its largest unit into Chapter 11 protection in Chicago, they...
article They belong together: Mariah Carey is newest Caesars Palace headliner
(Las Vegas) -- Pop diva Mariah Carey made it official this morning that she will be the new headline star added to the Colosseum at Caesars Palace lineup filling in...
press release Caesars Entertainment Operating Co. Commences Voluntary Chapter 11 Reorganization to Implement Previously Announced Financial Restructuring Plan
(New York) -- Caesars Entertainment Operating Company, Inc. ("CEOC"), a subsidiary of Caesars Entertainment Corporation ("Caesars Entertainment") (...

1/14/2015

article Caesars Casino firm reveals its $18bn in the red
(New York) -- A subsidiary of US casino firm Caesars has filed for bankruptcy protection with debts of $18.4bn. Caesars Entertainment Operating Company, which owns and...
article Caesars Entertainment's operating unit files for bankruptcy
(New York) -- The operating unit of Caesars Entertainment Corp, the largest U.S. casino company, filed for Chapter 11 bankruptcy on Thursday to implement its plan to cut...
article Caesars files for bankruptcy
(New York) -- Casino giant Caesars Entertainment Corp. placed its largest division into bankruptcy protection early today, the initial move in restructuring the...
article Caesars Unit Files for Chapter 11 Bankruptcy
(New York) -- Caesars Entertainment Corp. placed its largest unit under Chapter 11 bankruptcy protection in Chicago Thursday, still at odds with many of its creditors...
article Caesars unit says it filed Chapter 11 in bid to trim debt
(New York) -- A cash-strapped division of casino giant Caesars Entertainment Corp. said early Thursday that it filed for bankruptcy protection in Chicago, hoping the...
article Creditors lose bid for emergency hearing on Caesars bankruptcy
(New York) -- A U.S. Bankruptcy Court judge in Delaware on Wednesday rejected a request by creditors of Caesars Entertainment Corp's operating unit to hold an...
article Goldman Sachs helped Apollo in Caesars bet: sources
(New York) -- Leon Black’s Apollo Global Management on Thursday will put the biggest unit of casino giant Caesars Entertainment into bankruptcy, it said Wednesday...
article Markets split on endgame for Caesars' looming bankruptcy
(New York) -- On the eve of Caesars Entertainment Corp's $10 billion debt-cutting bankruptcy, markets are reflecting two competing views of how the casino company...
article Thursday is zero hour for Caesars bankruptcy
(New York) -- Casino giant Caesars Entertainment Corp. was expected to place its largest division into bankruptcy protection early Thursday, the initial move in...

1/13/2015

article Apollo’s Caesars Bankruptcy Bet Needs to Pass Fairness Test
(New York) -- Billionaire Leon Black will have to convince most creditors of Caesars Entertainment Corp. that his plan to save the value of his stake in the Las Vegas...
article Caesars Largest Unit to File Own Chapter 11 Bankruptcy
(New York) -- Caesars Entertainment Corp. ’s largest unit is preparing to file for bankruptcy protection as soon as Thursday, the final gambit of a yearslong...
article Caesars wants legal shield when operating unit seeks bankruptcy
(New York) -- Caesars Entertainment Corp will seek to give itself the legal shield of bankruptcy once its operating unit files for Chapter 11 in the coming days, a...
article Caesars' bet on better days led to bankruptcy for division
(New York) -- Financial problems plaguing Caesars Entertainment and its casino empire have the company considering a trip to bankruptcy court, possibly as early as...
article Hedge funds push for Caesars bankruptcy, seek examiner
(New York) -- A group of hedge fund creditors of Caesars Entertainment Corp sought on Monday to force its main operating unit into bankruptcy and to appoint an...

1/12/2015

article Bondholders Attempt to Push Caesars Unit Into Bankruptcy
(New York) -- A group of hedge funds on Monday filed papers to push Caesars Entertainment Inc. ’s largest unit into Chapter 11 bankruptcy, jump-starting a long-...
article Caesars Creditors Beat Apollo to Punch With Early Bankruptcy
(New York) -- Lower-ranking creditors of Caesars Entertainment Corp. moved to force the casino company’s main operating unit into bankruptcy in an attempt to block...
press release Caesars Entertainment Corporation Offers Consent Fee to Bank Lenders
(Las Vegas) -- Caesars Entertainment Operating Company, Inc., a subsidiary of Caesars Entertainment Corporation today announced that following receipt of the requisite...
article Caesars gains further support for restructuring plans
(New York) -- US casino and entertainment group Caesars Entertainment Group has revealed that it has generated further support from bondholders over its proposed...
article Creditors attempting to block Caesars planned restructuring
(New York) -- Junior level creditors of Caesars Entertainment Corp. are attempting to block this week’s planned restructuring of the casino company’s primary...
article Did Caesars’ Nonpayment Trigger Credit Default Swaps?
(New York) -- An external arbitration panel for the International Swaps and Derivatives Association will convene for the first time since 2009, to determine whether now-...
article Junior creditors try to halt Caesars restructuring plan
(New York) -- Junior creditors of Caesars Entertainment filed court papers today seeking to prevent the debt-ridden casino company’s financial restructuring plan...
article Majority of Caesars Lenders Oppose Bankruptcy Proposal
(New York) -- A majority of investors who own Caesars Entertainment Corp. (CZR:US) loans formed a group opposing the casino operator’s restructuring plan,...

1/10/2015

article Caesars Quashes Debtholder Revolt, Clears Way for Bankruptcy Filing
(Las Vegas) -- Caesars Entertainment, Inc., parent company of troubled holding company Caesars Entertainment Operating Company (CEOC), has announced that it has...
article Vegas Wire: Bondholders OK Caesars' bankruptcy reorganization
(Las Vegas) -- Casino giant Caesars Entertainment Corp. says a pre-packaged bankruptcy plan for its operating division has the blessing of the majority of its first-lien...
article Card Counter Sues Caesars
(Las Vegas) -- A card counter from New Jersey is suing Caesars Entertainment Corp after he says he was ill-treated by staff at Planet Hollywood in Las Vegas.

1/8/2015

article BlackRock Said to Sell $500 Million of Caesars Debt to Group
(Wall Street) -- BlackRock Inc. (BLK) sold $500 million of Caesars Entertainment Corp. (CZR) bonds to members of a creditor group that’s supporting a plan to put...
article Caesars Acquisition Company Price Target Lowered to $13.50 at Imperial Capital
(Wall Street) -- Stock analysts at Imperial Capital dropped their target price on shares of Caesars Acquisition Company (NASDAQ:CACQ) from $15.00 to $13.50 in a report...
article Caesars Touts Creditor Support for Debt Restructuring
(Wall Street) -- Caesars Entertainment Corp. and its largest subsidiary Thursday touted creditor support in the early stages of the casino company’s debt-...

1/7/2015

article Caesars Creditors Split From Group to Seek in Bankruptcy
(New York) -- A group of Caesars Entertainment Corp’s senior bondholders is holding out for more money in as debt talks conclude, claiming they’re integral...
article Caesars Entertainment Might Fear This Coming Las Vegas Megaresort Most
(Las Vegas) -- Caesars Entertainment has been in serious trouble for the last couple of years, with quarter after quarter of decreasing revenue, net losses, and way too...
article Caesars owners seek way out of gambling debt
(New York) -- When Apollo Global Management and TPG Capital paid almost $30bn for the operator of Las Vegas casinos including Caesars Palace and the Flamingo in January...

1/5/2015

article Apollo Plots Salvaging of Bad Caesars Bet
(New York) -- Despite a bad bet on Caesars Entertainment Corp., Apollo Global Management, LLC may avoid losing all of its chips. Through a series of financial maneuvers...
article Caesars Swaps Ruling Heads to Arbitration Panel, ISDA Says
(New York) -- An arbitration panel will rule on whether $26.9 billion of credit-default swaps linked to Caesars Entertainment Corp. should be settled after a committee...
article MOTLEY FOOL: How Caesars Entertainment Became the Worst Bet in the Gaming Industry
(New York) -- Watching Caesars Entertainment over the last few years has been like watching a really bad movie, one you hope will have a redeeming ending, but never does...

1/4/2015

article Caesars Restructuring Nears Completion
(New York) -- Several moves by Caesars Entertainment have begun to clarify the operator’s picture as it prepares for a prepackaged Chapter 11 bankruptcy filing,...

1/1/2015

article Caesars pledges equal treatment for senior creditors
(Las Vegas) -- U.S.-based casino company Caesars Entertainment Corp (CEC) has amended its restructuring agreement with senior holders of its bank debt and its bonds.

12/30/2014

article The shape of things to come for Caesars
(Las Vegas) -- Caesars Growth Partners was never built for the long haul. But even creators of the company that is 58 percent owned by Caesars Entertainment Corp. might...

12/29/2014

article Caesars details plan as restructuring deadline nears
(New York) -- Caesars Entertainment Corp said on Monday more than 39 percent of senior bondholders backed a restructuring plan, bringing it closer to a key level of...
article Caesars Entertainment Sees Unit’s Restructure Aiding its Finances
(New York) -- Caesars Entertainment Corp. on Monday unveiled details of its planned restructuring after agreeing earlier this month to acquire affiliate Caesars...
article Caesars says 39 percent of creditors agree to restructuring plan
(New York) -- Caesars Entertainment Corp. on Monday said more than 39 percent of its creditors have agreed to a restructuring plan that will eliminate some $10 billion...
article Lippo, Caesars to open SKorea casino
(South Korea) -- South Korea said a consortium of Las Vegas-based Caesars Entertainment and Indonesia's Lippo conglomerate has received a preliminary licence to...

12/28/2014

article Why The Caesars Deal Is Kaput - Et Tu, Brute?
(Wall Street) -- Two law firms have suggested that the Caesars deal is inequitable. Some very crude measures, based only on recent market reactions, suggest that some...

12/27/2014

article Caesars Entertainment Announces Corporate Reorganizations, Merger
(USA) -- Caesars Entertainment Corporation has announced a corporate reorganization that includes the absorption, via an all-stock merger, of former spinoff entity...

12/24/2014

article Caesars unveils merger plans
(New York) -- US casino and entertainment group Caesars Entertainment Group (CEC) has entered into a definitive agreement to merge with equity investment firm Caesars...

12/23/2014

article A Bitter Fight for Caesars Assets
(New York) -- Leon Black and Paul Singer got rich by outsmarting other people. For much of this year they’ve been trying to outsmart each other. Black’s...
article Fitch: Mostly Positive Credit Implications From Caesars Merger Announcement
(New York) -- Today's announced acquisition of Caesars Acquisition Company (CAC) by Caesars Entertainment Corp. (CEC) has mostly positive credit implications for CEC...

12/22/2014

article Caesars Entertainment Corp., affiliate to merge; shares rise
(New York) -- It was always an option for Caesars Entertainment Corp. to merge with the Caesars Acquisition Co. affiliate it shed in 2013 to ease its debt burden. But it...
article Caesars Entertainment to buy affiliate
(New York) -- Caesars Entertainment will buy an affiliate as it tries to smooth the reorganization of a struggling division and balance its debt load.
article Caesars Entertainment to buy affiliate to restructure debt
(New York) -- Casino and entertainment company Caesars Entertainment Corp (CZR.O), whose largest operating unit plans to file for bankruptcy, said it would buy affiliate...
article Caesars Entertainment to buy affiliate to restructure debt
(New York) -- Caesars Entertainment Corp, the world's largest casino ompany, will buy back an affiliate it had spun off last year, in a high-stakes financial...
press release Caesars Entertainment, Caesars Acquisition Co. Agree to Merge
(New York) -- Caesars Entertainment Corporation and Caesars Acquisition Company today announced that they have entered into a definitive agreement to merge in an all-...
article Caesars Merges With Sister Company For Debt Relief
(New York) -- Caesars Entertainment shares surged Monday after the casino operator announced that it was merging with Caesars Acquisition, a move that is expected to...
article Caesars Plans to Merge With Affiliate to Support Restructuring
(New York) -- Caesars Entertainment Corp. is buying back an affiliate it set up last year in a deal that will help the casino operator pursue a plan to restructure $18.4...
article Caesars shuffle should strengthen casino company, analysts say
(New York) -- Caesars Entertainment, which plans to send a major subsidiary into bankruptcy next month, continued to make the kind of tectonic shifts to its structure...
article Caesars Merger Seen Aiding Debt Load
(New York) -- Caesars Entertainment Corp. on Monday agreed to acquire affiliate Caesars Acquisition Co. in a stock-for-stock merger that will better position the $18.4...

12/21/2014

article Caesars Entertainment Corp (CZR) Announces Bankruptcy Plans
(Wall Street) -- Caesars Entertainment Corp (NASDAQ:CZR) announced yesterday it plans to file for Chapter 11 bankruptcy next month, according to which it will undergo a...
article Caesars Said to Be Near Signing Bankruptcy Pact With Creditors
(Ohio) -- Caesars Entertainment Corp. is meeting with some of its most senior creditors today to review an agreement that would put its biggest and most-indebted unit...
article Caesars’ main unit to file for bankruptcy in January
(Las Vegas) -- The main operating unit of Caesars Entertainment Corp. said Friday that it plans to file for Chapter 11 bankruptcy protection in January to slash its debt...

12/20/2014

article Caesars to file bankruptcy in mid-January
(Las Vegas) -- Caesars Entertainment officials say the casino giant's debt-heavy operations arm will file bankruptcy in mid-January to reorganize its finances now...

12/19/2014

article Caesars faces rough road as re-org, bankruptcy looms
(New York) -- Leon Black’s Caesars Entertainment, the nation’s No. 1 casino chain, said Friday it expected its biggest subsidiary to file for bankruptcy in...
article Caesars Said to Sign Bankruptcy Deal With Senior Creditors
(Wall Street) -- Caesars Entertainment Corp. (CZR), the most indebted U.S. casino operator, signed an agreement with its most-senior bondholders today to put its largest...

12/18/2014

article Caesars Receivership Case on Fast Track While Talks Continue
(New York) -- Caesars Entertainment Corp. (CZR), the casino operator struggling to restructure $18.4 billion of debt, must face trial sooner than usual on whether a...

12/16/2014

article SIEROTY: Caesars Skips Interest Payment, As Restructuring Talks Continue
(New York) -- Caesars Entertainment Corp. is skipping a $225 million interest to junior creditors as it continues to negotiate restructuring debt held by its largest...

12/15/2014

article Caesars misses $225 million interest payment
(New York) -- Caesars Entertainment Corp. on Monday missed a $225 million interest payment it owes some of its creditors, giving the company 30 days to pay it or default.
article Caesars Said Planning to Skip Bond Payment Amid Bankruptcy Talks
(New York) -- Caesars Entertainment Corp. plans to skip a $225 million interest payment to junior creditors of its biggest unit today as it looks to wrap up a debt...
article Caesars skips $225 million interest payment
(New York) -- Caesars Entertainment Corp. made good on previous predictions and skipped a $225 million interest payment Monday while the casino operator continued debt...
article Which Las Vegas Casino Could Win Most From Caesars Entertainment's Demise?
(Las Vegas) -- Caesars Entertainment is in trouble following years of profit declines and taking on absurdly high levels of debt. Now that talk of filing for bankruptcy...

12/12/2014

article Caesars lenders reveal plan as debt talks unravel
(Las Vegas) -- Looking for cash, Caesars Entertainment officials looked no further than the company's flagship Las Vegas Strip hotel-casino Caesars Palace and saw $2...

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