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Caesars Entertainment plummets toward Ch. 11

Caesars Entertainment Corp. is working to improve its capital structure, but despite moves to cut costs, buy back debt and pursue a spinoff transaction during the second quarter, Caesars' $23.7 billion debt load is still the elephant in the room and could push them into Chapter 11.

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5/6/2016

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...

5/5/2016

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

5/2/2016

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

4/28/2016

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

4/26/2016

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

4/15/2016

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

4/9/2016

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

4/8/2016

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

4/4/2016

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

4/2/2016

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

4/1/2016

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

3/26/2016

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

3/23/2016

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

3/22/2016

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

3/21/2016

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

3/18/2016

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

3/17/2016

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

3/16/2016

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

3/9/2016

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

3/6/2016

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

3/4/2016

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

3/3/2016

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

3/2/2016

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

2/28/2016

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

2/26/2016

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

2/25/2016

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

2/23/2016

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

2/17/2016

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

2/12/2016

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

2/4/2016

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

2/2/2016

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

1/28/2016

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

1/21/2016

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

1/20/2016

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

1/6/2016

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

12/29/2015

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

12/25/2015

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

12/24/2015

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

12/20/2015

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

12/16/2015

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

12/14/2015

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

12/11/2015

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

12/10/2015

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

12/9/2015

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

12/7/2015

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

12/6/2015

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

12/5/2015

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

11/28/2015

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

11/25/2015

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

11/23/2015

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

11/21/2015

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

11/18/2015

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

11/12/2015

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

11/10/2015

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

11/9/2015

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

11/5/2015

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

10/27/2015

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

10/26/2015

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

10/23/2015

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

10/20/2015

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

10/18/2015

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

10/11/2015

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

10/9/2015

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

10/8/2015

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

10/5/2015

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

10/4/2015

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

10/3/2015

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

10/2/2015

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

9/26/2015

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

9/24/2015

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

9/19/2015

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

9/17/2015

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

9/15/2015

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

9/14/2015

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

9/9/2015

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

9/8/2015

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

9/6/2015

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

9/1/2015

article Caesars bankrupt division reports $29.1 million profit in July
(Las Vegas) -- Caesars Entertainment Corp. said Tuesday its bankrupt operating division turned a profit of $29.1 million in July, according to a securities filing....

8/29/2015

article Caesars Entertainment Corp Debt Trading 2% Lower (CZR)
(Wall Street) -- An issue of Caesars Entertainment Corp (NYSE:CZR) debt fell 2% as a percentage of its face value during trading on Friday, Market Beat Ratings reports.

8/27/2015

article Caesars Bondholders Denied Quick Ruling on $7 Billion Pledge
(New York) -- Caesars Entertainment Corp. won a court ruling that gives it breathing room to try to negotiate an end to a bondholder lawsuit that could force the...
article Caesars gets momentary reprieve in New York lawsuit ruling
(New York) -- Caesars Entertainment Corp. can breathe a bit easier after a New York federal judge denied the company's bondholders a quick judgment in their pursuit...
article Federal judge's ruling favors Caesars Entertainment
(New York) -- A New York federal judge on Thursday denied a legal request by Caesars Entertainment Corp. bondholders that could have sent the entire casino company into...

8/26/2015

article STUTZ: Caesars' public perception takes one step forward, two steps back
(Las Vegas) -- Perception is everything. Someone needs to explain this concept to Caesars Entertainment Corp. Last week the casino operator, which made tremendous...

8/25/2015

article Caesars, Lenders Agree To Operating Unit's Bankruptcy Plan
(Las Vegas) -- Caesars Entertainment Corp. says its operating division's largest creditors are on board with a bankruptcy plan to get it out from under some $10...
article Caesars, lenders agree to operating unit’s bankruptcy plan
(Las Vegas) -- Caesars Entertainment Corp. says its operating division’s largest creditors are on board with a bankruptcy plan to get it out from under some $10...

8/24/2015

article Caesars to pay $20 mln over anti-money laundering lapses -source
(Washington D.C.) -- Caesars Entertainment Corp has agreed to pay $20 million to settle U.S charges over anti-money laundering lapses and will enter into a deferred...
article Caesers reportedly to settle money laundering charges
(Washington D.C.) -- Casino owner Caesars Entertainment Corp will pay $20 million to settle criminal charges over anti-money laundering lapses and will enter into a...

8/23/2015

article Caesars Entertainment to Face $20-Million Penalty over Poor Anti-Money Laundering Control
(Las Vegas) -- Reportedly, gambling operator Caesars Entertainment Corp. has consented to pay the amount of $20 million so as to settle charges over allegedly failing to...

8/22/2015

article STUTZ: Caesars strikes a deal with largest lenders over restructuring efforts
(Las Vegas) -- Caesars Entertainment Corp. said late Friday it reached agreement with its largest lender group over the restructuring of the company's bankrupt...

8/21/2015

article Caesars said to revive plan talks as bankruptcy probe looms
(Chicago) -- Caesars Entertainment Corp restarted talks with the senior-most lenders of its bankrupt unit as the casino company tries to win creditor support ahead of a...

8/20/2015

article Talks stall between Caesars, lenders on bankruptcy plan
(Chicago) -- Talks have once again ended between a bankrupt division of casino giant Caesars Entertainment Corp. and its bank lenders as the company aims to get its...

8/18/2015

article Talks stall between Caesars, lenders on bankruptcy plan
(Las Vegas) -- Talks have once again ended between a bankrupt division of casino giant Caesars Entertainment Corp. and its bank lenders as the company aims to get its...

8/17/2015

article Restructuring talks between Caesars, bank lenders break off
(Chicago) -- Caesars Entertainment Corp. has broken off negotiations with several first-lien creditors who had not yet signed on to the company's massive...

8/11/2015

article Caesars Accused in Suit of Paying Creditors for Plan Support
(Chicago) -- Creditors of Caesars Entertainment Operating Co. sued the bankrupt casino company, accusing it of trying to buy votes for its reorganization plan. A group...

8/10/2015

article Caesars' Gary Loveman On Bankruptcy, Internet Gaming and Atlantic City
(Nevada) -- More than 15 years after joining the former Harrah’s, Gary Loveman is getting used to a new role with Caesars Entertainment Corp. Today, he’s...
article Caesars’ creditors turn on each other; Loveman vents online poker frustrations
(Las Vegas) -- The bankruptcy proceeding involving casino operator Caesars Entertainment Corp’s main unit officially entered comedic territory on news that Caesars...

8/9/2015

article Gary Loveman Talks Online Poker in America
(USA) -- Online poker has plenty of potential in the United States, but it will need a wider player base in order to succeed. That’s the opinion of Caesars...
article Caesars: Quest Continues
(Las Vegas) -- Caesars Entertainment Corporation officials say they have reached an “amended restructuring support agreement” with its top holders of the...

8/4/2015

article Caesars boosts revenue, turns around loss in second quarter
(Las Vegas) -- Caesars Entertainment, the massive casino company whose Strip properties include Caesars Palace, the Flamingo and the Paris, reported its second quarter...
article Caesars Entertainment Swings to Quarterly Profit, but Revenue Less Than Expected
(New York) -- Caesars Entertainment Corp. swung to a profit but reported revenue rose less than expected in the June quarter, despite the opening of new casinos. The...
article Caesars reports 17.4 percent revenue increase, reverses net loss
(Las Vegas) -- Caesars Entertainment Corp. said Tuesday its net revenue increased 17.4 percent in the second quarter, crediting the openings of The Cromwell on the Strip...

8/3/2015

article Caesars creditors would control proposed real estate trust
(New York) -- Creditors owed billions by Caesars Entertainment Corp.'s largest operating division will control the board of the planned real estate investment trust...

8/1/2015

article Caesars announces new restructuring support agreement with top lenders
(Las Vegas) -- Caesars Entertainment Corp. said late Friday it reached an "amended restructuring support agreement" with its largest lenders as the company...

7/31/2015

article 5 things to keep in mind as the Caesars bankruptcy progresses
(Las Vegas) -- More than six months after a major division of Caesars Entertainment Corp. filed for bankruptcy, it’s still unclear exactly how the company will emerge on...

7/30/2015

article Bankruptcy court denies Caesars Entertainment’s quick appeal
(Chicago) -- A bankruptcy court that ruled lawsuits against Caesars Entertainment Corp. would not be halted as the company's debt-heavy subsidiary attempts to emerge...

7/29/2015

article Caesars Loses Bid for Quick Appeal to Halt Bondholder Suits
(Chicago) -- Caesars Entertainment Operating Co. was denied permission to pursue a quicker-than-normal appeal of a ruling that allows bondholder lawsuits against its...

7/28/2015

article Caesars Lawsuits Can Go Forward
(Chicago) -- The judge in the bankruptcy case of Caesars Entertainment’s largest operating unit has ruled that lawsuits against the operator can go forward during...

7/27/2015

article Caesars spends $223 million to transform Strip resort into The Linq
(Las Vegas) -- This is the last name change for the former Imperial Palace and the short-lived Quad. That's what a $223 million renovation will buy. A top to bottom...

7/26/2015

article Caesars Lawsuits Can Go Forward
(Las Vegas) -- U.S. Bankruptcy Judge A. Benjamin Goldgar has handed Caesars Entertainment a potentially crushing setback in the operator’s efforts to win approval...
article Caesars Entertainment Corp Debt Trading 1.5% Higher (CZR)
(Wall Street) -- An issue of Caesars Entertainment Corp (NYSE:CZR) bonds rose 1.5% as a percentage of their face value during trading on Friday, Analyst Ratings Network....

7/22/2015

article Caesars close to folding after losing bid to halt creditor suit
(Chicago) -- Caesars Entertainment, the world’s biggest casino chain, lost a high-stakes legal battle on Wednesday — and could see the entire company...
article Caesars edges closer to joining operating unit in bankruptcy
(Chicago) -- Caesars Entertainment Corp. may be closer to joining its operating unit in bankruptcy after a federal judge refused to protect the casino company from...
article Caesars Falls 50% on Court Ruling That May Spur Bankruptcy
(New York) -- Caesars Entertainment Corp. may be forced to make major financial concessions to creditors to avoid bankruptcy after a judge said the casino company must...
article Caesars loses bid to halt lawsuits; shares drop sharply
(Chicago) -- Caesars Entertainment Corp. must defend creditor lawsuits claiming up to $11 billion after a U.S. bankruptcy judge in Chicago denied a request to put those...
article Caesars Shares Sink on Judge's Ruling
(New York) -- A judge dealt a blow to Caesars Entertainment Corp.'s restructuring strategy with a ruling that gave leverage to creditors fighting the casino giant...

7/21/2015

article Bankruptcy of Caesars unit racks up $47 million in costs
(Las Vegas) -- The bankruptcy of Caesars Entertainment Corp.'s debt-heavy subsidiary has racked up nearly $47 million in legal fees and expenses in about 4 1/2...
article Caesars reaches restructuring deal with second-tier creditors
(Las Vegas) -- Caesars Entertainment Corp. struck an agreement with a large group of the company‘s second-tier debt holders, which could smooth out the bankruptcy...

7/18/2015

article New Caesars CEO blamed for Hertz accounting failures
(Las Vegas) -- Mark Frissora, the three-week-old CEO of Caesars Entertainment Corp., was accused by Hertz Global Holdings of having a "management style and...

7/11/2015

article Deal in the works for Caesars unit’s restructuring
(Wall Street) -- Bloomberg reports that billionaire John Paulson, principal of the hedge-fund firm Paulson & Co, along with other junior debt holders, are discussing...

7/10/2015

article Caesars Acquisition Company Given “Buy” Rating at BTIG Research (CACQ)
(Wall Street) -- Caesars Acquisition Company logoBTIG Research reissued their buy rating on shares of Caesars Acquisition Company (NASDAQ:CACQ) in a research report sent...
press release MWWPR Partners With Caesars Entertainment To Launch Harrah's Waterfront Conference Center In Atlantic City
(New York) -- Caesars Entertainment, the world's largest casino entertainment company, has hired MWWPR for public relations services to support the launch of the new...

7/3/2015

article New Caesars CEO Frissora takes reins of casino company
(Las Vegas) -- A new CEO and president who most recently led rental-car company Hertz takes the helm of Caesars Entertainment Corp. Caesars said Wednesday that Mark...

7/2/2015

article Mark Frissora Takes Over as Caesars Entertainment President and CEO
(Las Vegas) -- Gambling operator Caesars Entertainment Corporation announced that Mark Frissora assumed his post of President and Chief Executive Officer of the company...

7/1/2015

article New CEO takes helm at Caesars Entertainment
(Las Vegas) -- For the first time in 12 years, a new person is at the top of Caesars Entertainment Corp. Mark Frissora took over as CEO of the casino giant Wednesday,...
article Caesars Wants Bankruptcy Investigator to Probe 2008 Buyout
(Chicago) -- Caesars Entertainment Corp.’s main operating unit asked a bankruptcy judge to let a court-appointed investigator scrutinize the 2008 buyout that left the...
press release Mark Frissora Becomes President and CEO of Caesars Entertainment Corporation
(Las Vegas) -- Caesars Entertainment Corporation (CZR) ("Caesars Entertainment, or the "Company") today announced that Mark Frissora has assumed the role...

6/29/2015

article Filing: Caesars bankrupt division had $53 million profit in April
(Las Vegas) -- Caesars Entertainment Corp. said its bankrupt operating division had a net income of $53 million in April, according to a securities filing. The division...
article Weary but Unbowed, Caesars CEO Defends His Tenure
(New York) -- A year after becoming chief executive of Caesars Entertainment Corp. in 2003, Gary Loveman told students at Stanford University that he would inject his...

6/23/2015

article Judge delays ruling in reorganization of Caesars’ largest unit
(Chicago) -- A bankruptcy judge has delayed a ruling in the reorganization of Caesars Entertainment Corp.’s largest operating division until October. Investors...

6/16/2015

article Caesars hit with $6 bln lawsuit tied to restructuring
(New York) -- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its plan...

6/9/2015

article Jan Jones Confident In Caesars' Future
(Las Vegas) -- When Jan Jones Blackhurst began working at Caesars Entertainment, it was a very different company. It was known as Harrah’s Entertainment and the...

6/5/2015

article A private equity gamble in Vegas gone wrong
(Las Vegas) -- There have been so many truly extraordinary twists and turns in the saga of Caesars Entertainment CZR -12.71% over the past eight years that it’s...
article Inside Gaming: Caesars Ruled Against in Bankruptcy Battle, NJ Looks Beyond Atlantic City
(New Jersey) -- While the 2015 World Series of Poker continues at the Rio All-Suite Hotel and Casino, there has been more news over the past week regarding Caesars...

6/4/2015

article 5 things you didn’t know about Caesars Palace —VIDEO
(Las Vegas) -- Caesars Palace opened in 1966, looking nothing like the iconic multi-tower luxury hotel Las Vegas now knows. Today, the hotel features 3,960 rooms in six...

6/3/2015

article Adviser of Caesars Unit Sees Danger in Lawsuits Continuing Against Parent
(Chicago) -- The continuation of creditors’ lawsuits against Caesars Entertainment Corp. could cause one of the “great messes of our time,” a financial...
article Caesars argues case for staying lawsuits related to bankrupt unit
(Chicago) -- Caesars Entertainment Corp began a trial on Wednesday, hoping to convince a judge to put on hold lawsuits against the casino company that it said threatened...

6/2/2015

article Caesars shares punished after judge’s ruling favors creditors
(New York) -- Investors hammered the stock price of Caesars Entertainment Corp. over the past two days after a federal judge handed a small victory to creditors seeking...

6/1/2015

article Caesars CEO: Tough sledding in Atlantic City
(Atlantic City) -- Caesars Entertainment CEO Gary Loveman explains how he is putting his successor Mark Frissora in a position to succeed and the state of the economy...
article Caesars Entertainment Falls 16% After Judge’s Court Ruling
(Chicago) -- Caesars Entertainment Corp. fell 16 percent to its lowest in more than two years after a judge delivered a victory for creditors that could expose the...

5/27/2015

article Costs from Stockton University's casino purchase grow
(Atlantic City) -- The multimillion-dollar repercussions from a state university’s purchase of a defunct casino hotel in Atlantic City keep piling up, and recently...

5/26/2015

article Deed restrictions at heart of Stockton's claim against Caesars, Showboat
(New Jersey) -- Stockton University is stuck between two land covenants. A 1988 covenant between Showboat and Taj Mahal requires the Showboat site in Atlantic City be...
article Stockton sues Caesars over Showboat deal
(Atlantic City) -- Stockton University has filed a legal claim against Caesars Entertainment Operating Company, or CEOC, and Showboat Atlantic City over the university...
article STUTZ: New Jersey college sues Caesars over shuttered Showboat
(New Jersey) -- A New Jersey college that bought the closed Showboat Atlantic City from Caesars Entertainment Corp. last year with plans to turn the shuttered casino...
article Caesars Entertainment to Resume Some Deferred Compensation Following Bankruptcy Scandal
(Las Vegas) -- Caesars Entertainment Corp. is still working its way through bankruptcy, and it is unlikely that everyone owed money by the company will be happy with the...

5/22/2015

article Payments resume to some Caesars employees who lost out in bankruptcy
(Las Vegas) -- Caesars Entertainment Corp. is making payments to a portion of the company’s current and former employees who lost a combined $78.6 million in...

5/20/2015

article UNLV law professor is a key player in Caesars Entertainment bankruptcy case
(Las Vegas) -- Although the Caesars Entertainment bankruptcy is playing out in a Chicago court far from Nevada, it’s still closely connected to Las Vegas,...

5/19/2015

article More than 50 people laid off at Caesars Windsor
(Windsor) -- Caesars Windsor has given layoff notices to more than 50 full- and part-time workers in finance, transportation and food and beverage. The notices were...
article Caesars' creditors appeal bankruptcy start date, cite $468 mln lawsuit
(Chicago) -- May 18 Timing is everything for creditors appealing the start date of the bankruptcy filing for Caesars Entertainment Corp's operating company in hopes...

5/14/2015

article Caesars Entertainment Corp Price Target Lowered to $11.00 at Barclays (CZR)
(Wall Street) -- Caesars Entertainment Corp (NYSE:CZR) had its price objective trimmed by Barclays from $17.00 to $11.00 in a research report released on Thursday...

5/12/2015

article Caesars facing fine of up to $20 million to settle money laundering charges
(Washington D.C.) -- Caesars Entertainment Corp. said it was in discussions with federal authorities to settle money laundering allegations at Caesars Palace and the...
article Leon Black will pay Caesars executives $81M in deferred pay
(New York) -- Leon Black has blinked. The private equity mogul’s Caesars Entertainment will resume paying most of the 340 current and former executives owed $81...

5/11/2015

article Caesars Holds Talks With U.S. Over Money-Laundering Probe
(Washington D.C.) -- Caesars Entertainment Corp. said it’s holding talks with federal regulators over an investigation into the company’s compliance with...
article Caesars Interactive secures ‘impressive’ first quarter
(New York) -- US operator Caesars Acquisition Company has said that its Caesars Interactive Entertainment business unit was able to achieve “impressive”...

5/9/2015

article Caesars Acquisition Company Cut to “Hold” at Zacks (CACQ)
(Wall Street) -- Zacks downgraded shares of Caesars Acquisition Company (NASDAQ:CACQ) from a buy rating to a hold rating in a report issued on Thursday.

5/7/2015

article Caesars up 7.5%, but Atlantic City market still a worry
(Atlantic City) -- Net revenue at Caesars Entertainment Resort Properties, which houses Harrah’s Atlantic City, rose 7.5 percent, to $529 million, from the first...

5/6/2015

article Casinos forfeit $12K in winnings by underage gamblers; Caesars fined for paperwork violation
(Atlantic City) -- Four Atlantic City casinos have forfeited more than $12,000 won by underage gamblers. The casinos seized the money from patrons found to be under the...
article Caesars CEO: First quarter was company’s best since 2008
(Las Vegas) -- Caesars Entertainment, the casino giant that controls such Las Vegas properties as Caesars Palace, Paris and the Flamingo, reported its first-quarter...
article Caesars turns in best quarterly performance since 2008
(Las Vegas) -- Bankrupt Caesars Entertainment had its best quarterly performance since 2008 because of improving results at its Las Vegas properties and higher volume in...
article Judge delays decision on Caesars bankruptcy protocols
(Las Vegas) -- The bankrupt operating unit of casino company Caesars Entertainment Corp agreed to grant creditors access to records through an independent examiner...

5/5/2015

article Australian lobsters highlight Caesars’ cost-cutting moves
(Las Vegas) -- Caesars Entertainment, as its casino business first started to erode, showed investors that it was ready to make some huge cost cuts — like...

5/2/2015

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

5/1/2015

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

4/30/2015

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

4/29/2015

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

4/27/2015

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

4/25/2015

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

4/23/2015

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

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