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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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9/22/2017

article Harrah's Entertainment Corporate Archives Available to Researchers
(Las Vegas) -- The UNLV University Libraries has made the Harrah’s Entertainment Corporate Archives available to researchers through the Special Collections and...

9/1/2017

article Caesars Getting Ready To Offer Mobile Nevada Sports Betting App Via Miomni
(Las Vegas) -- Caesars Entertainment is partnering with Miomni to provide a platform for mobile Nevada sports betting. Las Vegas handicapper Bryan Leonard was the first...

8/26/2017

article Caesars unit clears Nevada hurdle in bankruptcy emergence
(Las Vegas) -- For Caesars Entertainment Corp.’s lengthy and, so far, triumphant climb out of Chapter 11 bankruptcy protection, it was “Veni, vidi, vici...

8/24/2017

article Caesars unit clears Nevada hurdle in bankruptcy emergence
(Las Vegas) -- For Caesars Entertainment Corp.’s lengthy and, so far, triumphant climb out of Chapter 11 bankruptcy protection, it was “Veni, vidi, vici...
article Caesars studio hopes to attract more TV/movie productions to city
(Las Vegas) -- Mist floats in the icy cold air as Amy Murray-Rolon, manager of Sidekick Productions, gives a tour of Caesars Entertainment Studios, the permanent movie...

8/11/2017

article Caesars introduces WeChat Pay for Chinese visitors to Las Vegas
(Las Vegas) -- Caesars Entertainment Corporation has become the first operator on the Las Vegas Strip to allow Chinese visitors to pay for goods and services via WeChat.

8/9/2017

article Gaming regulators recommend new Caesars companies, units
(Las Vegas) -- New companies and subsidiaries of Caesars Entertainment Corp. got the green light Wednesday from the state gaming regulators to be licensed in Nevada, a...
article Caesars taking payments in Las Vegas via popular Chinese app
(Las Vegas) -- Caesars Entertainment has started taking payments at multiple locations in Las Vegas from WeChat, a smartphone messaging app that’s hugely popular...

8/7/2017

article Queensland Rejects Caesars IR
(Australia) -- The government of Queensland, Australia, has rejected a plan for an integrated resort with a casino operated by Caesars Entertainment in The Spit, a park...

8/4/2017

article Caesars quarterly loss narrows, but renovations weigh on results
(Las Vegas) -- Add unlucky play to the list of financial struggles Caesars Entertainment is undergoing. The Las Vegas-based company, operators of nine Las Vegas...

7/27/2017

article Caesars shareholders take new steps to emerge from bankruptcy
(Las Vegas) -- Caesars Entertainment Corp., parent company to 47 hotels and casinos in six countries, including nine properties in Las Vegas, is one step closer to...

7/26/2017

article Caesars shareholders take new steps to emerge from bankruptcy
(Las Vegas) -- Caesars Entertainment Corp., parent company to 47 hotels and casinos in six countries, including nine properties in Las Vegas, is one step closer to...

7/22/2017

article Shareholders meetings key to Caesars leaving bankruptcy
(Las Vegas) -- Shareholders of two Caesars Entertainment operating companies will gather Tuesday at Caesars Palace for a pair of meetings that are expected to be brief...
article OLG Makes $3.5 Million Payment to Windsor
(Ontario) -- The popularity of Caesars Windsor has resulted in a hefty payment for the city of Windsor. The Ontario Lottery and Gaming Corporation (OLG) has issued a non...

7/14/2017

article Caesars replaces Harrah's top executive
(Atlantic City) -- Rick Mazer, regional president of Harrah’s since 2013, has left Caesars Entertainment, the company announced Thursday. Kevin Ortzman immediately...

7/12/2017

article Caesars Bankruptcy Plan Gets OK From New Jersey Casino Commission
(New Jersey) -- The New Jersey casino commission has given the OK to the bankruptcy plan of Caesars Entertainment's largest business unit that operates two Atlantic...

7/11/2017

article Casino Control Commission approves Caesars bankruptcy plan
(Atlantic City) -- The state Casino Control Commission approved a plan Tuesday that would allow Caesars Entertainment Operating Co., which owns Bally’s and Caesars...

7/10/2017

article Caesars hires two executives to lead expansion beyond gambling
(Las Vegas) -- Caesars Entertainment Corp. hired two executives to help expand beyond gambling, including licensing the Caesars and Harrah’s brands to hotels that...

7/9/2017

article Caesars hires two executives to lead expansion beyond gambling
(Las Vegas) -- Caesars Entertainment Corp. hired two executives to help expand beyond gambling, including licensing the Caesars and Harrah’s brands to hotels that...
article The Critical Analysis: Caesars Entertainment Corporation (NASDAQ:CZR) & Red Rock Resorts (RRR)
(Maine) -- Caesars Entertainment Corporation (NASDAQ: CZR) and Red Rock Resorts (NASDAQ:RRR) are both small-cap consumer discretionary companies, but which is the better...

7/7/2017

article Caesars’ Gold Coast casino, already dismissed
(Australia) -- After reports indicated that Caesars Entertainment Corp. was interested in developing a casino in the city, Queensland Premier Annastacia Palaszczuk...
article Inside Gaming: Caesars Hires New Executives to Help Expand Beyond Gambling
(Las Vegas) -- Caesars Entertainment Corp. this week announced the hiring of two new executives "to help expand beyond gambling, including licensing Caesars and...
article Two possible winners in Japan
(Japan) -- Japanese press revealed an expert’s analysis on the upcoming casino industry, which selected Las Vegas Sands and MGM International as the most potential...

7/6/2017

article Caesars Hires Two Executives to Lead Expansion Beyond Gambling
(Las Vegas) -- Caesars Entertainment Corp. hired two executives to help expand beyond gambling, including licensing the Caesars and Harrah’s brands to hotels that...

7/4/2017

article Caesars casino giant in Gold Coast Spit site talks with ASF
(Australia) -- THE casino giant behind famed Caesars Palace in Las Vegas is in talks with preferred Spit developer ASF about teaming up on its Gold Coast mega resort.

6/30/2017

article Caesars opens soundstage to lure production companies to Las Vegas
(Las Vegas) -- Caesars Entertainment Corp. has opened what is being described as North America’s largest soundstage just off the Strip to lure production companies...

6/15/2017

article Caesars Entertainment's CodeGreen Challenge
(USA) -- Our annual CodeGreen Challenge is a neck-and-neck competition for the greenest location of all! It gets our teams pumped up about reducing environmental impact...

6/9/2017

press release Harrah’s Ak-Chin Casino honors 2017 Caesars Award of Excellence winners
(Arizona) -- Harrah’s Ak-Chin Casino announced its 2017 Caesars Award of Excellence recipients, a distinction given to employees who consistently provide best-in-...

5/30/2017

article Caesars, Exiting Bankruptcy, Seeks Growth Beyond Gambling
(Las Vegas) -- Caesars Entertainment Corp., one of the most recognizable names in the global casino industry, will emerge from bankruptcy this year after nearly a decade...

5/28/2017

article Harrah’s Ak-Chin Casino honors Ahwatukee man for innovation
(Arizona) -- Luck had little to do with Paul Ferry’s recent award for his job performance. The Ahwatukee man received an award for excellence for his innovative...

5/26/2017

article Caesars, Exiting Bankruptcy, Seeks Growth Beyond Gambling
(Wall Street) -- Caesars Entertainment Corp., one of the most recognizable names in the global casino industry, will emerge from bankruptcy this year after nearly a...
article NJ Casino Commission Signs Off On Massive Caesars Debt Restructuring
(New Jersey) -- Caesars Entertainment is just a few steps away from putting its bankruptcy in the past after two years of Chapter 11 proceedings. The company recently...

5/22/2017

article Mark Frissora confident of new look Caesars future prospects
(New York) -- Speaking to Bloomberg News, Mark Frissora Chief Executive of Caesars Entertainment Corp (CEC) has laid out the three main objectives that will lead his...
article Caesars sells remaining share in Uruguayan casino
(Uruguay) -- Chilean casino group Enjoy SA have today purchased a 55% share in the Conrad Punta del Este Resort and Casino Hotel, Uruguay from Caesars Entertainment...

5/19/2017

article Caesars plans new Las Vegas developments after bankruptcy exit
(California) -- Caesars Entertainment Corp Chief Executive Officer Mark Frissora wants to develop more than 90 acres the company owns in Las Vegas, including land right...

5/10/2017

article Casino Control Commission approves Caesars restructuring plan
(Atlantic City) -- The state Casino Control Commission approved a plan Wednesday that would allow Caesars Entertainment Operating Co., which owns Bally’s and...

5/6/2017

article Caesars: Poised For A Takeoff Or A Rocky Post-Bankruptcy Landing This Summer?
(Las Vegas) -- Let's face it: were you Caesars Entertainment's (NASDAQ: CZR) newly minted CEO Mark Frissora, preparing for a 1Q17 earnings call conference, the...

5/2/2017

article More renovations coming as Caesars emerges from bankruptcy
(Las Vegas) -- Caesars Entertainment Corp., a diversified casino-entertainment provider and U.S. casino-entertainment company, reported its first-quarter earnings...

3/12/2017

article Lippo concludes exit Caesars’ Incheon casino scheme
(South Korea) -- Hong Kong-listed real estate developer Lippo Ltd says it and an associated business, Lippo Worldwide Investments Ltd, have completed their exit from a...

3/8/2017

article Caesars wins OK from state regulators to leave Nevada Power Co.
(Nevada) -- Caesars Entertainment Corp. won approval from state utility regulators Wednesday to to leave as a retail customer of Nevada Power Co. and purchase its own...
article Caesars Proves Regulated Online Gambling Boosts Land-Based Casinos, Ending Cannibalization Debate
(Pennsylvania) -- In testimony submitted to a joint Pennsylvania House and Senate hearing, Caesars’ SVP of Government Relations David Satz offered a single number...

2/21/2017

article Agreement on Caesars merger clears way for emergence from Chapter 11
(Chicago) -- The terms of a merger of two subsidiaries of Caesars Entertainment have been amended, clearing a path for the company’s emergence from Chapter 11...

2/20/2017

article How The Managers At Caesars Palace Teach Employees To Have A Great Attitude
(Las Vegas) -- Go to any relevant review site, type in Caesars Palace, and you’ll bring up a stream of reviews like these:

2/19/2017

article Leaving NV Energy will cost Caesars $44 million
(Las Vegas) -- Caesars Entertainment Corp. will soon be shopping the wholesale market for its power supplies, as the company has agreed to ante up $44 million to no...

2/4/2017

article Police seek identity of Horseshoe Casino shooter
(Maryland) -- Baltimore Police have just released surveillance video from the shooting that injured two in the Horseshoe Casino garage.

2/3/2017

article Apartment owners near Las Vegas Strip sell to Caesars Entertainment
(Las Vegas) -- The owners of a rundown apartment complex in the shadow of the Strip have sold to a big casino operator. But the sales price is probably a fraction of...

1/29/2017

article Shots ring out in the Horseshoe Casino garage following an arguement
(Maryland) -- Police are investigating an incident that lead to a shooting in the Horseshoe Casino garage. Around 1:19 a.m. Sunday, officers were called to the 1500...

1/18/2017

article Bankruptcy After Two-Year Legal Slog
(Illinois) -- Two years and two days after putting its largest unit into bankruptcy, Caesars Entertainment Corp. won court approval of a restructuring plan that cancels...
article US judge OKs plan for Caesars' unit to exit $18B bankruptcy
(Illinois) -- A federal judge gave the thumbs-up Tuesday to a plan to reorganize a subsidiary of casino giant Caesars Entertainment Corp., clearing the way for the...

1/16/2017

article Caesars unit clears way to exit bankruptcy protection: court hearing
(Chicago) -- Caesars Entertainment Corp's main operating unit has cleared the way for the casino operator to exit bankruptcy protection with an agreement that ends...

1/7/2017

article Slots revenues down at Harrah’s in 2016
(Pennsylvania) -- Although slots revenues increased in December over the previous month at Harrah’s Philadelphia Casino and Racetrack, other statistical...
article Fired security guard gets 11 years for robbing Atlantic City casino
(New Jersey) -- An Atlantic City man who admitted robbing Caesars Casino after he was fired from his job as a security guard was sentenced Friday to state prison,...
article Former Caesars guard gets lengthy sentence in $181K casino heist
(Atlantic City) -- A former security guard at the Caesars Casino in Atlantic City was sentenced to 11 years in state prison Friday for committing an armed robbery at the...

1/5/2017

article Does Caesars Palace Double Down on Younger, White Dealers?
(Las Vegas) -- Legendary Las Vegas casino Caesars Palace illegally allows customers to dictate the age, sex, race and other characteristics of the workers who deal their...

12/26/2016

article Caesars Reaches Deal on Restructuring Dispute With Lenders
(Chicago) -- Lenders to casino giant Caesars Entertainment Corp.'s bankrupt operating unit have reached a deal that is expected to preserve their support for the...
article Caesar’s Operating Arm Resolves Lender Disputes Over Bankruptcy Exit
(Chicago) -- Caesars Entertainment Operating Company – the operating arm of Caesar’s Entertainment Corp (CEC)., finally resolved their lender disputes Friday...
article Caesars’ Loveman departs as staff, US$3.25-mln bonus
(Las Vegas) -- Gary Loveman (pictured), the man who led casino operator Caesars Entertainment Corp at the time one of its units requested reorganisation under Chapter 11...

12/24/2016

article Caesars Reorganization Back on Track After Lenders Reach Accord
(Illinois) -- Creditors of Caesars Entertainment Operating Co. resolved a standoff that had threatened to scuttle a plan to bring the casino giant out of bankruptcy.
article The 2016 Caesars Bankruptcy Proceedings That Seemingly Would Never End
(Illinois) -- The bankruptcy of Caesars main operating unit, CEOC, was already a year old by the beginning of 2016 and apparently going nowhere fast.

12/23/2016

article Caesars unit resolves lender dispute, eyes bankruptcy exit
(Chicago) -- Caesars Entertainment Corp's bankrupt operating unit resolved a dispute with its lenders on Friday, paving the way for a consensual plan to push the...

12/6/2016

article New joint venture planned for Caesar’s Casino Incheon development
(South Korea) -- A subsidiary of American casino operator Caesars Entertainment Corporation has reportedly reached a deal to create a new joint venture that intends to...
article Caesars unit’s bank lenders threaten to end bankruptcy deal
(Chicago) -- The bank lenders of Caesars Entertainment Corp.’s operating unit said they might walk away from a plan to bring the casino unit out of its $18 billion...
press release Caesars Announce Overwhelming Creditor Support in Vote to Accept Plan of Reorganization
(Las Vegas) -- Caesars Entertainment Corporation (CZR) ("Caesars Entertainment") and Caesars Entertainment Operating Company, Inc. ("CEOC") and its...

12/1/2016

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

11/25/2016

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

11/23/2016

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

11/22/2016

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

11/7/2016

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

11/4/2016

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

10/26/2016

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

10/5/2016

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

10/2/2016

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

9/30/2016

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

9/28/2016

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

9/27/2016

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

9/23/2016

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

9/22/2016

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

9/21/2016

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

9/14/2016

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

9/11/2016

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

9/10/2016

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

9/9/2016

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

9/8/2016

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

9/7/2016

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

9/2/2016

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

8/30/2016

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

8/29/2016

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

8/28/2016

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

8/26/2016

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

8/25/2016

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

8/24/2016

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

8/23/2016

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

8/19/2016

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

8/18/2016

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

8/17/2016

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

8/13/2016

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

8/10/2016

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

8/9/2016

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

8/6/2016

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

8/2/2016

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

8/1/2016

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

7/26/2016

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

7/15/2016

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

7/11/2016

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

6/24/2016

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

6/18/2016

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

6/16/2016

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

6/15/2016

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

6/13/2016

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

6/12/2016

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

6/7/2016

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

6/6/2016

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

6/2/2016

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

5/26/2016

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

5/24/2016

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

5/20/2016

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

5/18/2016

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

5/17/2016

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

5/6/2016

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

5/5/2016

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

5/2/2016

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

4/28/2016

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

4/26/2016

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

4/15/2016

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

4/9/2016

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

4/8/2016

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

4/4/2016

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

4/2/2016

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

4/1/2016

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

3/26/2016

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

3/23/2016

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

3/22/2016

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

3/21/2016

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

3/18/2016

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

3/17/2016

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

3/16/2016

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

3/9/2016

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

3/6/2016

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

3/4/2016

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

3/3/2016

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

3/2/2016

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

2/28/2016

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

2/26/2016

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

2/25/2016

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

2/23/2016

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

2/17/2016

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

2/12/2016

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

2/4/2016

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

2/2/2016

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

1/28/2016

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

1/21/2016

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

1/20/2016

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

1/6/2016

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

12/29/2015

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

12/25/2015

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

12/24/2015

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

12/20/2015

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

12/16/2015

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

12/14/2015

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

12/11/2015

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

12/10/2015

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

12/9/2015

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

12/7/2015

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

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