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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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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...
article Caesars Restucturing Talks Stall as Top Lenders Pull Out
(Wall Street) -- Caesars Entertainment Corp. (CZR)’s highest-ranked lenders spurned the casino company’s efforts to restructure its most indebted unit,...
article Caesars Stock Plunges As Restructuring Plan In Doubt
(Wall Street) -- Shares of Caesars Entertainment plunged as much as 14% early Friday on a report that its biggest debt holders are balking at its latest restructuring...
article STUTZ: Caesars says several creditors leave talks over restructuring debt
(Las Vegas) -- Caesars Entertainment Corp. said Friday several creditors exited discussions with the casino operator over a large portion of the company’s gaming...
article Why Is Caesars Entertainment (CZR) Falling Today?
(Wall Street) -- Currently struggling to meet its debt obligations, Caesars Entertainment Corp (NASDAQ:CZR) has been unable to reach a deal with its senior bondholders...

12/11/2014

article Chinese defendants enter pleas in Las Vegas gambling case
(China) -- Two more Chinese citizens took plea deals yesterday in what federal prosecutors say was an illegal internet gambling ring broken up by an FBI raid at high-...
article Stock Watch: Caesars Entertainment Corp (NASDAQ:CZR)
(Wall Street) -- Caesars Entertainment Corp (NASDAQ:CZR) said its largest division won’t have enough cash to repay debts by the fourth quarter of 2015 if it can...

12/9/2014

article Caesars Seen Skipping Bond Payment Due Dec. 15: JPMorgan
(New York) -- Caesars Entertainment Corp.’s (CZR) biggest unit will likely skip a $224 million interest payment owed next week to junior bondholders as its paves...

12/6/2014

article Caesars Judge to Rule Soon on Hearing Creditor Suit
(Delaware) -- A Delaware Chancery Court judge said he’ll rule soon on whether to hear a lawsuit accusing Caesars Entertainment Corp. (CZR) of fraud for moving...

12/5/2014

article Caesars Entertainment REIT-Conversion Plan Faces Resistance
(New York) -- Caesars Entertainment Corp. ’s plan to convert its largest unit into a real-estate investment trust is facing resistance from creditors, complicating...

12/4/2014

article Caesars Drama Continues
(New York) -- A group of senior creditors of Caesars Entertainment has sued the gaming operator and filed a default notice as major lenders have accepted the operator...
article Elliott Said to Buy Caesars Swaps Amid Bankruptcy Talks
(Wall Street) -- Elliott Management Corp. has been adding to derivatives trades that would pay off if Caesars Entertainment Corp. defaults as the hedge fund helps...

12/2/2014

article STUTZ: Many come to bury Caesars, not to praise the casino company
(Las Vegas) -- “O mighty Caesar! dost thou lie so low? Are all thy conquests, glories, triumphs, spoils, Shrunk to this little measure?” These words were...

12/1/2014

article Caesars Drama Continues
(Wall Street) -- A group of holders of $1.25 billion of first-lien notes for Caesars Entertainment Corporation has sued the operator in Delaware Chancery Court, seeking...

11/30/2014

article Caesars angling for casino in Greek half of Cyprus
(Cyprus) -- Interest in building a casino on the Greek-controlled southern half of Cyprus has been “immense,” with local media reporting that Caesars...
article Caesars Entertainment Interested in First Cyprus Casino
(Cyprus) -- Caesars Entertainment is one of a few operators expressing interest in building a Cyprus casino. Where they have peaked interest is on the southern half of...
article One more notice of default and Caesars Entertainment gets a free sandwich
(Las Vegas) -- Struggling casino operator Caesars Entertainment has been hit with yet another notice of default by a disgruntled creditor. Caesars recently admitted its...

11/29/2014

article Caesars Creditor Group Sues for Receiver to Run Operating Unit
(Wall Street) -- A Caesars Entertainment Corp. creditor group said managers should be stripped of control of the casino company’s operating unit because they...
article Creditors, hedge funds tangle over Caesars resources
(Pennsylvania) -- The $134 million corporate meeting center rising at Harrah's Resort Atlantic City is supposed to represent the city's less casino-centric...

11/27/2014

article Creditors feud over Caesars restructuring
(Wall Street) -- Caesars Entertainment’s chances of avoiding a messy restructuring in bankruptcy court are receding after the actions of a group of senior...

11/26/2014

article Caesars Accused of 'Unimaginably Brazen Looting'
(Wall Street) -- A bank accuses Caesars Entertainment Corp. in court of "unimaginably brazen corporate looting" to strip the company of billions of dollars in...
article Paul Singer looks to send Caesars to bankruptcy
(Wall Street) -- Paul Singer, the hedge-fund mogul known for his hardball legal tactics, is applying some of that pressure on Leon Black’s Apollo Management, The...

11/25/2014

article Caesars Lenders Seek Receiver, Claiming Unit Was Looted
(Wall Street) -- A Caesars Entertainment Corp. creditor group said managers should be stripped of control of the casino company’s operating unit because they...
article Fitch: Caesars' Default Would Add Nearly 90 Basis Points to U.S. HY Rate
(New York) -- The potential default of Caesars Entertainment Operating Company would push the trailing 12-month (TTM) U.S. high yield default rate to 3.3%, according to...

11/24/2014

article Analysts favor Caesars move to put key unit into REIT
(Wall Street) -- Two analysts support Caesars Entertainment Corp. placing its largest operating division into a real estate investment trust to deal with its gaming...
article Caesars calls default notice ‘meritless’
(Wall Street) -- Caesars Entertainment Corp., which has been embroiled in debt reduction talks with its lenders, said Monday one of its banks had filed a notice of...

11/21/2014

article Sorting out Caesars: How company slid into distress, and what’s next
(Las Vegas) -- The financial mess consuming Caesars Entertainment has been years in the making. The casino company has struggled with more than $20 billion in debt for...
article Will Caesars Entertainment's REIT Plan Offset Debt Issue? - Analyst Blog
(Wall Street) -- Share price of Caesars Entertainment Corporation was up 5.4% on Nov 20 after the company presented a plan to its creditors to restructure the...

11/20/2014

article Caesars could split to ease debt troubles
(Wall Street) -- US gaming company Caesars Entertainment wants to solve its debt problems by splitting into two as it seeks to appease creditors. The troubled casino...
article Caesars Proposes Transforming Main Unit Into REIT
(Wall Street) -- Caesars Entertainment Corp. disclosed Wednesday that it has made a proposal to creditors to restructure its main operating unit into a real-estate...

11/19/2014

article Caesars Lender Silver Point Said to Exit Debt Negotiations
(Las Vegas) -- Silver Point Capital LP, a creditor of Caesars Entertainment Corp. (CZR)’s largest unit, exited talks to restructure the casino operator’s...
article Caesars Proposes Splitting Into REIT and Operating Company
(Las Vegas) -- Caesars Entertainment Corp. has approached senior creditors about a plan to convert the casino company’s largest unit into a real-estate investment...
article Caesars reveals plan after creditor walks away
(Las Vegas) -- Overwhelmed with debt and seeking a way out from under it, Caesars Entertainment Corp. floated a plan that would have turned its most debt-heavy division...
article Caesars studying placing largest operating division into REIT
(Las Vegas) -- Caesars Entertainment Corp. is considering placing its largest operating division into a real estate investment trust as a way of dealing with its gaming...
article Caesars to Split Casinos, Management in $18.4 Billion Restructuring
(Las Vegas) -- Caesars Entertainment Corp., the most-indebted U.S. gaming company, presented a plan to creditors that would restructure the obligations of its biggest...

11/15/2014

article Vegas Wire: Caesars' jobs cut less than 1% of 68,000 on staff
(Atlantic City) -- Casino giant Caesars Entertainment Corp. attempted to clarify planned cost-saving measures, saying it will reduce its 68,000-person work force...

11/14/2014

article Caesars Says Operating Unit to Run Out of Cash Next Year
(Wall Street) -- Caesars Entertainment Corp. (CZR:US) said its largest division won’t have enough cash to repay debts by the fourth quarter of 2015 if it can...

11/13/2014

article Analyst: Caesars Entertainment could be looking at bankruptcy, layoffs
(Las Vegas) -- Casino-entertainment giant Caesars Entertainment could lay off several employees early next year as part of a financial restructuring effort, according to...
article Caesars Surges 23% On CEOC Bankruptcy Filing
(Wall Street) -- Given its insurmountable debt load, I thought Caesars (NASDAQ:CZR) was in trouble heading into Q2 earnings. After its Q3 losses widened Y/Y, management...

11/12/2014

article Caesars Q3 Loss Widens, Revenues Lag; Shares Down - Analyst Blog
(New York) -- Caesars Entertainment Corporation 's shares plunged 7.28% in after-hours trading on Monday as the company posted lackluster third-quarter results....
article Caesars weighs layoffs, but Strip might be spared
(Las Vegas) -- Caesars Entertainment Corp. expects to create an extra $250 million to $300 million in cash flow in 2015 through various cost-savings measures. Much of...
article With a $10,000 cap on political contributions, how did Caesars give Gov. Brian Sandoval $215,000?
(Nevada) -- In Nevada, the most a person or company can give to a candidate for political office is capped at $10,000. But that limit didn't stop Caesars...

11/11/2014

article Analyst: Caesars could ‘run out of cash’ in two or three quarters
(New York) -- Wall Street analysts have all but written off Caesars Entertainment Corp. until the casino operator straightens out its balance sheet. The company, which...
article Caesars Said Lining Up Creditors for January Bankruptcy
(New York) -- Caesars Entertainment Corp. (CZR) reached an agreement with key senior creditors on the outline of a debt restructuring plan that includes a prearranged...

11/10/2014

article Vegas nightclub may pay tab for $185 million Caesars loan
(Las Vegas) -- Caesars Entertainment Corp., the casino owner saddled with $24 billion in debt, has a new source of income — from a nightclub on the Strip —...
article A Casino Sent Promotional Emails to Compulsive Gamblers Because of a Software Glitch
(New Jersey) -- Welp, this is not what you wanna hear. Because of a "back-end software issue," Caesars Entertainment in New Jersey emailed promotions to 250...
article “Software issue” caused Casino to e-mail promotions to compulsive gamblers
(New Jersey) -- Caesars Entertainment says a "back-end software issue" caused it to wrongly e-mail promotional gambling material to more than 250 "...
article Caesars 3Q loss widens
(Las Vegas) -- Caesars Entertainment Corp. on Monday reported a wider third-quarter loss, sending the casino company's shares plunging in extended trading. The Las...
article Caesars CEO encouraged by Las Vegas tourism indicators
(Las Vegas) -- Caesars Entertainment, the debt-saddled operator of many of the Strip’s most iconic resorts, reported its third quarter earnings today.
article Caesars Entertainment posts $908.1 million loss in Q3
(Las Vegas) -- Caesars Entertainment Corp. lost $908.1 million in the third quarter despite a 6 percent increase in revenue, the casino company said Monday. The...
article Caesars Entertainment’s Loss Widens as Player Debts Rise
(New York) -- Caesars Entertainment Corp. (CZR), the U.S. casino owner trying to restructure billions of dollars in loans, said its third-quarter loss widened as players...

11/7/2014

article Caesars Palace employee falls down elevator shaft
(Las Vegas) -- Officials say a worker at Caesars Palace accidentally drove a motorized cart through a freight elevator's doors and fell about two floors down into an...
article Sides resolve subpoena fight in Vegas between Caesars Palace, Internet gambling defendants
(Las Vegas) -- A federal judge in Nevada heard defense attorneys allege Thursday that the FBI improperly enlisted Caesars Palace officials to obtain a crucial search...

10/30/2014

article Caesars unveils new look, name at LINQ hotel-casino
(Las Vegas) -- A new hotel and casino is now open for business, formerly known as The Quad. It's been newly-transformed into The LINQ Hotel & Casino. "It...

10/29/2014

article Caesars Creditor Perry Said to Leave Restructuring Talks
(New York) -- Perry Corp., the $10.9 billion hedge-fund firm that is a creditor to Caesars Entertainment Corp. (CZR)’s largest unit, walked away from talks to...
article Creditor walks away from restructuring talks with Caesars
(New York) -- One of Caesars Entertainment Corp.’s main creditors walked away from talks over restructuring a portion of the casino company’s $24.2 billion...

10/20/2014

article Caesars $24.2B US in debt, talking with creditors
(New York) -- Caesars Entertainment said Friday it is prepared to start formal discussions with some of its bank lenders as it works to reduce its debt and stave off...
article Caesars faces possible bankruptcy; Windsor casino not at risk
(Windsor) -- News that Caesars Entertainment Corporation is facing possible bankruptcy in the U.S. has not affected its operations in Windsor, according to a company...

10/19/2014

article Caesars says to engage bank creditors over debt
(Wall Street) -- Caesars Entertainment Corp and its subsidiary Caesars Entertainment Operating Co Inc (CEOC) said they would begin talks with bank creditors in order to...

10/18/2014

article Caesars Entertainment Fortify and Reduce or Chapter 11
(Las Vegas) -- Things aren’t looking too good for Caesars Entertainment. The company’s days may be numbered due to its $24 billion debt it incurred. Caesars...
article Casino giant Caesars talks with creditors as debt mounts, analysts foresee bankruptcy
(Las Vegas) -- Caesars Entertainment said Friday it is prepared to start formal discussions with some of its bank lenders as it works to reduce its debt and stave off...

10/17/2014

article As debt mounts, Caesars in talks
(Australia) -- CAESARS Entertainment says it is prepared to start formal discussions with some of its bank lenders as it works to stave off what some see as near certain...

10/15/2014

article Expected Caesars Entertainment subsidiary bankruptcy doesn't mean casino will close
(Atlantic City) -- A bankruptcy filing by one of Caesars Entertainment Corp.’s debt-mired subsidiaries is widely expected by industry observers. But are any of the...

10/14/2014

article Omnia, former site of Pure, to open at Caesars Palace in spring 2015
(Las Vegas) -- Hakkasan Group announced this morning Omnia, its newest nightclub concept on the Strip. Omnia takes over the former space of Pure, and the multifaceted...
article Caesars Entertainment appoints Keith Causey as Chief Accounting Officer
(Las Vegas) -- Gambling and Entertainment operator Caesars Entertainment Corporation has announced the appointment of Keith Causey as Senior Vice President and Chief...

10/8/2014

article Caesars subsidiary receives default notice from bondholders
(New York) -- A fund representing a group of Caesars Entertainment Corp bondholders has declared that one of the company’s subsidiaries is in default on a portion...

10/7/2014

article Caesars Gets Default Notice as Bondholders Seek Liens
(New York) -- A group of Caesars Entertainment Corp. bondholders declared that the casino company’s largest unit is in default after it pledged collateral to...

9/26/2014

article Caesars Grants Senior Creditors Rights to Proceeds
(New York) -- Caesars Entertainment Corp. (CZR) granted the most senior lenders in its largest unit the right to possible proceeds from lawsuits brought against the...

9/25/2014

article Caesars’ assets seen as insufficient to satisfy lenders
(New York) -- Yields on bonds from a Caesars Entertainment unit are diverging in a sign that the casino company will be unable to satisfy warring creditor classes and...

9/24/2014

article Caesars’ Pot Too Tiny to Satisfy Lenders: Distressed Debt
(New York) -- Yields on bonds from a Caesars Entertainment Corp. (CZR) unit are diverging in a sign that the casino company will be unable to satisfy warring creditor...

9/23/2014

article Caesars' water leadership doesn't stay in Vegas
(Las Vegas) -- Caesars Entertainment, one of America's largest gaming companies headquartered in Las Vegas, has invested over $70 million dollars in water and energy...
article Stars rally to fill in for Celine Dion, but when will she return to Caesars?
(Las Vegas) -- Fellow Caesars Palace headliners Rod Stewart and Sir Elton John are the first two stars to help fill the dates left open as a result of Celine Dion’...

9/18/2014

article Assemblyman seeks hearing on Caesars' restructuring
(New Jersey) -- A state lawmaker wants state gaming regulators to hold a hearing on Caesars Entertainment’s recent restructuring, saying in a letter to the Casino...

9/13/2014

article Caesars Entertainment Corp. (CZR) is beginning talks with some senior...
(UK) -- Caesars Entertainment Corp. (CZR) is beginning talks with some senior creditors of its biggest unit to restructure a portion of the company’s $24.2 billion...
article Caesars Gambles On TV Campaign
(Atlantic City) -- Caesars Casino are running a TV campaign to advertise their online gambling site, but will this just add to Atlantic City’s woes?
article Caesars’ Debt: A Game of Dealer’s Choice
(New York) -- The house always wins. That’s worth remembering when you’re in a casino. It also seems to be true for some people who hold Caesars...
article First big booking for Waterfront Conference Center
(Atlantic City) -- If all goes as planned, the enormous Waterfront Conference Center at Harrah’s will host its first major conference in October 2015.
article Harrah's conference center to woo a different Atlantic City visitor
(Atlantic City) -- With a group of meeting planners in tow and a clear blue sky as a backdrop, Caesars Entertainment Inc. executives showed off progress Friday on the...

9/12/2014

article Caesars moves to restructure $24 billion debt
(Atlantic City) -- Caesars Entertainment Corp. said Friday it would begin discussions with its senior bondholders in efforts to restructure the largest portions of the...

9/10/2014

article Atlantic City, brace yourself: Gordon Ramsay to open restaurant at Caesars
(Atlantic City) -- Maybe Gordon Ramsay can shout profitability back into Atlantic City. As yet another casino — Trump Taj Mahal — files for bankruptcy in the...
article Lawsuit against Caesars alleges rough treatment at bachelorette party at Harrah's
(New Jersey) -- Another person has filed suit against Caesars Entertainment, alleging rough treatment at the hands of security at Harrah’s Resort the night of a...
article Video: Lawyers release surveillance tape of woman struggling with cop in Harrah's casino holding cell
(New Jersey) -- The night began with six friends sharing a bottle of vodka as they toasted one’s pending nuptials in a VIP nightspot at Harrah’s in Atlantic...
article Woman Claims Alleged Brutality At Harrah's Casino
(New Jersey) -- A new federal lawsuit accuses Harrah's Casino of a pattern of excessive force by security guards,

9/3/2014

article Caesars Bondholders Sue Company Over 'Backroom' Deal
(New York) -- Caesars Entertainment Operating Co. was hit by another investor lawsuit Wednesday, this time by bondholders that say the casino giant recently worked out a...

8/28/2014

article Struggling Caesars in talks to restructure debt
(New York) -- Troubled Caesars Entertainment, America’s largest casino chain, is in talks with its senior creditors to restructure it massive debt load, The Post...

8/27/2014

article Caesars Cuts Deal With Trustee
(New York) -- Caesars Entertainment has reached a deal with the trustee of first-lien bonds that could result in delay of a potential notice of default. Meanwhile,...

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