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Caesars Entertainment News
Caesars Entertainment, Caesars Acquisition Co. agree to merge
22 Dec 2014
Caesars Entertainment and Caesars Acquisition Company to merge in an all-stock transaction.
Caesars' main unit to file for bankruptcy in January
22 Dec 2014
The proposed transactions will reduce Caesars Entertainment Operating Co.’s debt to $8.6 billion from about $18.4 billion, executives said.
New York awards three casino licenses; Caesars rejected
18 Dec 2014
The decision by New York’s Gaming Facility Location Board marks the end of a lengthy review process and is the latest step toward expanding gambling beyond resorts on Indian reservations that have traditionally had the lion’s share.
Caesars skips $225 million interest payment
16 Dec 2014
The interest payment, due on second-tier debt covering its Caesars Entertainment Operating Co., business unit, has a 30-day grace period.
Inside gaming: Some advice for Nazarian: Be contrite, honest, forthright
15 Dec 2014
When he appears Thursday at the Nevada Gaming Commission meeting, Sam Nazarian — the visionary behind SLS Las Vegas — should accept the Dec. 3 recommendation by the Gaming Control Board for a one-year limited gaming license with about a half-dozen conditions.
Caesars says several creditors leave talks over restructuring debt
15 Dec 2014
Shares of Caesars, traded in Nasdaq, fell $2.03 or 13.66 percent to close at $12.83.
Reid expects more bids to ban online gaming
15 Dec 2014
“I think there will be efforts made to look at the Wire Act in a Republican-initiated Congress, yes I do,” Sen. Harry Reid said. “I think there will be efforts made to get rid of the Wire Act.”
Caesars expected to miss $224 million interest payment
15 Dec 2014
The overdue payment plan was revealed by JP Morgan & Chase gaming analyst Susan Berliner in an overall report on the High Yield gaming outlook for next year.
Here's why Ultimate Gaming failed so soon
9 Dec 2014
Until Nevada is able to find a populous state to be an online gaming partner — the pending agreement with Delaware won’t move the needle — the Silver State is just too small in population to support a vibrant Internet poker market.
Social gaming factor in Ultimate Gaming's demise
8 Dec 2014
The growing acceptance of social gaming also played into the decision by Station Casinos to pull the plug on its interactive arm last month.
Many come to bury Caesars, not to praise the casino company
3 Dec 2014
The nation’s largest casino operator is under attack from all fronts as it struggles to restructure its gaming industry-high debt load of $22.8 billion.
Caesars calls latest default notice 'meritless'
25 Nov 2014
On Monday, Caesars said it received a default notice last week from UMB Bank related to its senior-secured notes covering CEOC. Caesars said it “does not believe that a default or an event of default has occurred.”
Analysts favor Caesars move to put key unit into REIT
24 Nov 2014
Fitch Ratings Service said in a report, however, the spinoff won’t prevent Caesars from having to go through bankruptcy reorganization to restructure its $22.8 billion debt.
Wynn Resorts: No federal investigation despite published reports
24 Nov 2014
Wynn Resorts said it doesn’t believe it is under federal investigation despite published reports the casino operator is being targeted for potential money- laundering violations.
Caesars studying placing largest operating division into REIT
20 Nov 2014
Caesars, which has been in talks with banks and lenders in an attempt to restructure its $22.8 billion debt, said the real estate investment trust was one option being discussed.
Editorial: Congress must reverse foolish online poker policy
19 Nov 2014
Prohibition didn’t halt the use of alcohol, it hasn’t reduced demand for illegal drugs, and it hasn’t stopped online poker play.
Noise, traffic from events rankle residents near The Linq
17 Nov 2014
The first sign of noise and traffic problems occurred April 4 and 5, when The Linq parking lot was converted into an outdoor venue for the Academy of Country Music (ACM) awards.
Online poker's Ultimate Gaming folds after 19 months
17 Nov 2014
Ultimate Gaming employees were told of the shutdown Friday morning.
Caesars to trim nationwide workforce by less than 1 percent
14 Nov 2014
The company, which operates nearly 40 casinos in 14 U.S. states and the Canadian province of Ontario, is attempting to restructure its gaming industry-high $22.8 billion debt.
Caesars weighs layoffs, but Strip might be spared
13 Nov 2014
Caesars is seeking to reduce its gaming industry-high $22.8 billion in long-term debt. The company has held private talks with its banks and lenders since September.
AGA making its voice heard on major gaming issues
12 Nov 2014
AGA CEO Geoff Freeman said the AGA should be the group to clear up misconceptions or untruths about a regulated casino industry. That’s what the organization did in Massachusetts, and will do in other markets.
Report: Prearranged bankruptcy for key Caesars unit as soon as January
12 Nov 2014
Caesars has been in private talks with banks and lenders since September with the hopes of restructuring a portion of the debt.
Caesars Entertainment posts $908.1 million loss in Q3
11 Nov 2014
In the quarter that ended Sept. 30, Caesars said its debt was $22.88 billion, down from $24.2 billion at the end of June.
Forget the AC, Las Vegas embraces the great outdoors for entertainment
10 Nov 2014
MGM Resorts International and Caesars Entertainment Corp. are among the landowners and event promoters using open space as outdoor venues.
Vote to reverse Bay State casinos appears losing — or will it?
3 Nov 2014
By all accounts, a referendum to undo Massachusetts’ casino law should get crushed in Tuesday’s election and lose by 15 to 20 percentage points.
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