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Caesars Entertainment News
MGM Resorts files application to leave Nevada Power Co.
20 May 2015
MGM becomes the latest Las Vegas operator to leave Nevada Power and purchase its own electricity on the wholesale market, joining Wynn Resorts and Las Vegas Sands.
Caesars facing fine of up to $20 million to settle money laundering charges
12 May 2015
Caesars was also informed a grand jury was looking into the charges regarding anti-money laundering practices of the company and its subsidiaries.
Gaming companies seek to leave Nevada Power, utility considers adding capacity
11 May 2015
All four companies have submitted letters to the Public Utilities Commission announcing their intentions to purchase power from a "qualified energy provider."
WSOP Europe announces 2015 schedule
7 May 2015
The series will run from Oct. 8-24 at the Spielbank Berlin, with 10 gold bracelets up for grabs.
Caesars turns in best quarterly performance since 2008
7 May 2015
The company's gains in revenue were partly attributed to increased volume through Caesars Interactive, the subsidiary that runs the company's World Series of Poker online poker sites.
Caesars Horseshoe in Baltimore curtailing hours for curfew
30 Apr 2015
Caesars Entertainment’s Horseshoe Casino in Baltimore is closing overnight to meet the city’s 10 p.m. curfew prompted by riots related to the death of Freddie Gray.
Add Caesars to list of big companies seeking to drop Nevada Power
24 Apr 2015
The list of large companies seeking to leave Nevada Power to secure their own cheaper energy is growing.
Shares of Caesars fall sharply as debt talks fail
22 Apr 2015
Shares of Caesars Entertainment fell $2.05, or 17 percent on Monday to close at $10.
High Roller marks year of revolution
1 Apr 2015
The High Roller — Caesars Entertainment Corp.’s observation wheel at the center of the Strip — marked its one-year anniversary Tuesday evening with company officials calling the attraction a success despite the attraction falling below the original ridership projections.
Caesars official says company can't fund some pension payouts
27 Mar 2015
The subject of the lost payments came up two weeks ago at the Gaming Control Board during a routine licensing hearing for Caesars Entertainment Operating Co., the division placed into bankruptcy in January.
Caesars retiree bitter after flow of pension checks stops
25 Mar 2015
Kenneth Houng is one of 63 former employees and executives whose retirement payments were halted in January when Caesars Entertainment Corp. placed its largest operating division into a Chapter 11 bankruptcy reorganization.
Inside Gaming: New Orleans readies smoking ban, but it won't happen here
18 Mar 2015
Next month, New Orleans will ban smoking in most public venues within Orleans Parish, including bars, hotels, sports stadiums and restaurants. Harrah’s New Orleans is also on the no-smoking list.
Caesars says lawsuits raise 'going concern' doubts
18 Mar 2015
In the company’s year-end SEC filing, Caesars said the numerous lawsuits are related to transactions the company has made with its Caesars Entertainment Operating Co., going back to 2010.
Caesars attorney says company 'looking seriously' at lost pension payments
12 Mar 2015
The retirement plans were offered by businesses that were subsequently acquired by Harrah’s Entertainment in the company’s 2005 buyout of Caesars Entertainment for $9 billion.
Some ex-Caesars employees lose retirement income because of bankruptcy
10 Mar 2015
The retired employees were notified by the company through a form letter/memorandum that was sent Jan. 15, the same day Caesars Entertainment Operating Co. filed a pre-packaged Chapter 11 bankruptcy plan in Chicago that is expected to eliminate $10 billion of debt.
Inside Gaming: Real estate investment trust concept could happen for MGM Resorts
9 Mar 2015
The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.
Inside Gaming: IGT name among valued assets being acquired by GTECH
9 Mar 2015
At last week’s Nevada gaming regulatory hearing, GTECH Chairman Lorenzo Pellicioli revealed the merged company will be known as IGT when the buyout closes in April.
Caesars narrows loss, offers little details on bankruptcy
9 Mar 2015
Caesars Chairman and CEO Gary Loveman said he wouldn’t answer questions regarding the status of the restructuring of Caesars Entertainment Operating Co.
Caesars sells 20 percent interest in Ohio casinos
27 Feb 2015
Caesars will continue to manage the properties, which will remain part of the company’s Total Rewards player loyalty program.
Hard Rock International appoints Jon Lucas as Executive Vice President of Hotel & Casino Operations
25 Feb 2015
In this new position, Lucas will be instrumental in further igniting the brand's transition into a world-class, full-service hotel and casino management company.
Caesars denies another request from second-level bond holder
24 Feb 2015
In a filing with the SEC Monday, Caesars said BOKF N.A. asked for payment on $750 million in debt plus interest. Caesars said it turned down the payment demand.
Inside Gaming: How would legalizing U.S. sports betting change Nevada's industry?
23 Feb 2015
If legal sports books pop up in California Indian casinos, for example, would the Strip’s high-end gambling facilities dry up?
Riviera purchase seen being OK'd despite short-term job losses
20 Feb 2015
When the Las Vegas Convention and Visitors Authority board of directors takes up the acquisition of the Riviera Hotel and Casino on Friday, it will do so with a board comprised of members who will have to consider killing jobs — and competition.
Caesars again rebuffs debt holders' request for payment
19 Feb 2015
In a filing Wednesday with the SEC, Caesars dismissed as “meritless” a request from the Wilmington Savings Fund Society for immediate payment of $3.68 billion in principal and $185 million in interest.
Inside Gaming: It's PokerStars vs tribes in California online gaming fight
18 Feb 2015
Three tribes embraced legislation this month that would allow PokerStars into California.
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