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Caesars Entertainment News
Fitch Ratings updates recovery analyses for US gaming operators
10 Sep 2015
The updates include an analysis for Caesars Entertainment Operating Co., which had its ratings withdrawn following its bankruptcy filing in January.
Caesars Entertainment receives favorable ruling from federal judge
28 Aug 2015
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 bankruptcy.
Caesars strikes a deal with largest lenders over restructuring efforts
24 Aug 2015
Caesars said the agreement allows the company to focus on gaining support from the last major debt holder group that has yet to agree on the restructuring plan for Caesars Entertainment Operating Co.
Gaming industry raises $140,000 to support responsible gaming
13 Aug 2015
More than 144 players from the gaming industry participated in the 17th annual AGEM/AGA Golf Classic presented by JCM Global.
Inside Gaming: Harrah's New Orleans sees revenue drop under smoking ban
12 Aug 2015
New Orleans's smoking ban, which went into effect in April, is being blamed for a 16% decline in the casino's gaming revenue.
Caesars reverses net loss, reporting 17.4% revenue increase
5 Aug 2015
Including the properties managed under the Caesars Entertainment Operating Company, which is in bankruptcy, the conglomerate would still report a net revenue increase of 8%.
Caesars creditors would control proposed real estate trust
4 Aug 2015
In a filing with the Securities and Exchange Commission Monday, Caesars revealed new details from an amended restructuring support agreement announced over the weekend.
Responsible gaming: A year-round commitment
4 Aug 2015
Caesars Entertainment partners with American Gaming Association to recognize Responsible Gaming Education Week, Aug. 3-7.
Caesars reaches amended agreement with its largest creditors
3 Aug 2015
The beleaguered casino operator filed a statement late on Friday saying it had reached an "amended restructuring support agreement." Its restructuring plans remain the same.
Gaming architect Paul Steelman signed as speaker for Latin American Slot Summit
30 Jul 2015
The Summit will take place in Lima, Peru from August 21 to September 2.
Bankruptcy judge denies Caesars bid to appeal ruling
30 Jul 2015
Judge Benjamin Goldgar ruled that four lawsuits by Caesars bondholders would be allowed to proceed, a decision which could push the entire beleaguered corporation into bankruptcy.
Caesars spends $223 million to transform Strip resort into The Linq
27 Jul 2015
The changes scrubbed away any remnants of the Strip resort's life as the Imperial Palace and the Quad.
Caesars reaches restructuring agreement with second-tier creditors
22 Jul 2015
Caesars Entertainment Corp. has made a deal with a group of creditors that would improve their recovery prospects when the bankruptcy reorganization is completed.
Sale of Bwin.party to 888 could impact Nevada
20 Jul 2015
888, which holds a Nevada gaming license and partners with Caesars in operating online gaming sites in Nevada and New Jersey, paid $1.4 billion for Bwin.party, which does not have a Nevada license but runs online gaming sites in New Jersey with Boyd Gaming.
Nevada's new tourism panel has begun meeting
16 Jul 2015
The newly formed Southern Nevada Tourism Infrastructure Committee is a yearlong project to determine how best to develop the area's tourism infrastructure and ensure it remains a premier tourist destination.
Caesars Interactive levels up with Mitch Garber at the helm
13 Jul 2015
Caesars Interactive, owner of the World Series of Poker, has surpassed Zynga in terms of social gaming revenue.
Top 10 things the World Series of Poker got right this year
13 Jul 2015
Casino City's Dan Podheiser explains that despite a few bumps and bruises along the way, the 2015 World Series of Poker has been a tremendous success.
Caesars operating division records $24.9 million in net income in May
10 Jul 2015
Caesars Entertainment Operating Co., the largest operating division of Caesars Entertainment Corp., filed for Chapter 11 bankruptcy protection in January.
One on one with WSOP Tournament Director Jack Effel
10 Jul 2015
Jack Effel sat down with Casino City to discuss the planning process for the World Series of Poker, controversies during this year's events and how he handles player feedback.
Pinnacle Entertainment considers new proposal from GLPI
8 Jul 2015
GLPI, an REIT spun off of Penn National Gaming, has repeatedly offered to acquire Pinnacle's real estate holdings, rather than having Pinnacle create its own REIT.
Mark Frissora takes over as CEO of Caesars Entertainment
2 Jul 2015
Gary Loveman, the former CEO, will stay on as company chairman and oversee the corporation's bankruptcy restructuring.
Caesars Entertainment Operating Co. sees net revenue of $53 million for May
30 Jun 2015
The operating divisions of Caesars Entertainment Corp., which went into bankruptcy in January, has been filing monthly operating reports as part of its reorganization.
Lindsey Graham sends bill to ban online gambling (again) to Senate
25 Jun 2015
The proposed legislation would restore an earlier interpretation of the Wire Act that the Department of Justice had negated in 2011.
Pinnacle Entertainment planning a deal with GLPI
24 Jun 2015
Talks have been ongoing, and analysts believe a deal is likely to be signed sooner rather than later.
Judge delays ruling in Caesars reorganization
24 Jun 2015
Caesars Entertainment's largest operating division filed for Chapter 11 bankruptcy in January. An unfavorable ruling could leave Caesars accountable for more than $1 billion in debt obligations.
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