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Caesars Entertainment News
Strip gaming companies opt to delay utilities exit applications
24 Jun 2015
After the Nevada Public Utilities company denied an exit application for a data storage company, gaming operators have decided to restart their own applications next month.
Casinos filing more suspicious activity reports, prosecutor says
19 Jun 2015
Even though casinos are reporting customers' suspicious activity more frequently, one federal prosecutor believes more can be accomplished through a "culture of compliance."
Inside Gaming: Amaya poised for NASDAQ listing, but its Web gaming products still beyond reach
8 Jun 2015
Amaya CEO David Baazov told Canada's Globe and Mail that the NASDAQ listing "will provide greater visibility and better liquidity for our stock and help broaden our shareholder base."
Caesars stock hits 52-week low as company seeks to stop bankruptcy litigation
8 Jun 2015
While Caesars's operating division is already in bankruptcy proceedings, the current litigation could derail its restructuring process and force the whole company into bankruptcy protection.
Caesars shares punished after judge's ruling favors creditors
3 Jun 2015
On Monday, Caesars' shares declined 16 percent in the first trading day after Bloomberg News reported a federal judge handed a small victory to creditors seeking to collect $750 million from the casino company's bankrupt operating division.
Inside Gaming: Macau in a free-fall and taking Wynn Resorts with it
3 Jun 2015
Wynn Resorts stock on Monday closed below $100 per share for the first time since December 2010 after Macau reported its 12th straight monthly dip.
Top 10 numbers from the WSOP's Colossus
1 Jun 2015
Casino City's Aaron Todd breaks down the important numbers from the record-shattering WSOP Colossus event, including some from his own personal playing experience.
Caesars in 'painstaking' process to restore lost retirement payments
29 May 2015
The company had previously halted retirement and other deferred compensation payments as part of its bankruptcy proceedings, drawing the ire of retired employees who depend on the payments.
Caesars resumes deferred compensation payments, but only for some
27 May 2015
Other employees will have to file claims to receive their retirement payments, which Caesars temporarily stopped distributing as part of its Chapter 11 reorganization.
Stockton University sues Caesars for fraud, breach of contract
27 May 2015
The New Jersey college bought the now-closed Showboat casino last year, before Caesars filed Chapter 11 bankruptcy.
Analysis: 'Net gambling bill accidentally criminalizes some Nevada sports bets
21 May 2015
A bill in Congress that would ban Internet gambling would inadvertently criminalize Nevada's booming mobile sports wagering business.
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.
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