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Caesars Entertainment News
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.
Nevadan at Work: Affinity Gaming CEO finds happiness managing casinos in smaller markets
10 Feb 2015
Michael Silberling was named CEO of Las Vegas-based Affinity Gaming in August.
Caesars new CEO to earn $1.8 million, eligible for bonus
5 Feb 2015
Mark Frissora can earn up to 150 percent of his base salary in bonus pay, has use of the company aircraft, and will receive “certain relocation benefits” for moving to Las Vegas, the SEC filing said.
Caesars CEO Loveman stepping down in wake of bankruptcy
5 Feb 2015
The change comes less than a month after Caesars placed its largest operating unit into a pre-packaged bankruptcy to eliminate almost $10 billion in debt.
Casino revenue in Nevada, on the Strip retreats slightly in 2014
2 Feb 2015
Gaming revenue collected by casinos ended a four-year upswing last year as the state's largest industry continued its recovery from the recession.
Judge's ruling on Chicago court seen as win for Caesars
29 Jan 2015
Allowing the case to proceed in Chicago is considered a victory for the company and its private equity backers, Apollo Global Management and TPG Capital.
Inside Gaming: Analysts expect Strip rebound to continue in 2015
26 Jan 2015
Analysts believe the Strip will continue its rebound, although gaming won’t be the primary reason.
Wall Street service warns Caesars restructuring will be 'drawn out' process
23 Jan 2015
The efforts by Caesars Entertainment Corp. to restructure 81 percent of its gaming industry-high debt will be a “drawn out” process, a Wall Street ratings service warned investors Thursday.
Caesars places largest operating division into bankruptcy
15 Jan 2015
The pre-packaged filing covering Caesars Entertainment Operating Co. has been agreed upon by 80 percent of the company's senior bondholders.
Inside Gaming: The shape of things to come for Caesars
31 Dec 2014
It’s abundantly clear Caesars Growth Partners is key to the planned bankruptcy restructuring of overly leveraged affiliate Caesars Entertainment Operating Co.
Caesars says 39 percent of creditors agree to restructuring plan
30 Dec 2014
Caesars spelled out much of the reorganization plan, in which Caesars Entertainment Operating Co. would be restructured through a prepackaged bankruptcy in January.
Major events underscore business news in Las Vegas in 2014
29 Dec 2014
Whatever this state does, it does big. When it booms, it leads the nation in growth. When it busts, well — that’s epic, too.
Casino City Gang: Reversal of fortune edition
24 Dec 2014
Casino City's Vin Narayanan and Aaron Todd discuss Sen. Harry Reid's waffling on online gaming as he prepares for his demotion to Senate minority leader next year, the main operating unit of Caesars Entertainment announcing its decision to file for bankruptcy and the new World Series of Poker schedule, which includes a $565 tournament. And, as always, they close show by picking every NFL game this weekend against the spread.
Caesars Entertainment Corp., affiliate to merge; shares rise
23 Dec 2014
Caesars Entertainment will be in a better position to manage its crushing debt as a result of the merger announced on Monday after it negotiated terms with Caesars Acquisition on Friday.
Caesars Entertainment, Caesars Acquisition Co. agree to merge
22 Dec 2014
Caesars Entertainment and Caesars Acquisition Company to merge in an all-stock transaction.
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