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Caesars Entertainment News
Creditor walks away from restructuring talks with Caesars
30 Oct 2014
In a filing with the SEC on Wednesday, Caesars said the creditor declined to extend a nondisclosure agreement to gain access to private information about the company’s operating units.
Caesars will talk with bank creditors to address debt
20 Oct 2014
The announcement was viewed positively by stockholders, who are hopeful a settlement at the negotiating table between Caesars and its creditors would keep the company out of bankruptcy court.
Virginia man turns $20 into $1 million playing one hand of Three Card Poker 6 Card Bonus at Bally's Atlantic City
16 Oct 2014
A Powhatan, Virgina resident wins Caesars Entertainment jackpot in Three Card Poker 6 Card Bonus.
Caesars gets notice of default from bond holders
13 Oct 2014
In a filing with the Securities and Exchange commission, Caesars said it received the default notice from Wilmington Savings Fund Society, which represents second-lien holders covering $3.7 billion of the company’s debt.
Control Board backs Warner Gaming takeover of Horizon Lake Tahoe
9 Oct 2014
The renovation of the Horizon will cost $60 million. Warner expects the property to reopen in January.
Gaming's $240 billion impact noted; Murren eyes fantasy sports
1 Oct 2014
MGM Resorts International Chairman Jim Murren said he was considering an investment into fantasy sports leagues because of their growing popularity.
Adelson slips one spot on the Forbes list
30 Sep 2014
Sheldon Adelson, 81, was listed as both the gaming industry’s and Nevada’s top name on the annual ranking, which came out Monday.
Bally Technologies installs industry-leading table solutions at Caesars Entertainment UK
19 Sep 2014
Caesars Entertainment UK aim to increase performance and excitement in its table-game pits with Bally table products.
Inside Gaming: Industry is not facing slots of fun
15 Sep 2014
Analysts said this month the replacement market — in which slot machine manufacturers sell casinos newer games to change out older products — has fallen from previous estimates.
Caesars moves to restructure $24 billion debt
15 Sep 2014
In a filing with the Securities and Exchange Commission, Caesars announced “non-disclosure agreements with certain beneficial holders” to discuss restructuring debt due in 2020.
Talks focus on fixing Atlantic City, with a Vegas assist
9 Sep 2014
New Jersey Gov. Chris Christie said Atlantic City needs to evolve further away from a business model developed when it offered the only legalized gaming east of the Mississippi River.
Memories still adrift, but Showboat name is gone
3 Sep 2014
The name, synonymous with the casinos in various gaming markets since 1954, has vanished.
Gaming Insider: Borgata may gain from shrinking market
25 Aug 2014
Borgata, Boyd Gaming’s flagship resort in Atlantic City, may see a revenue boost from a far different means. That’s because Atlantic City is shrinking.
Caesars works to upgrade balance sheet, but analysts unimpressed
20 Aug 2014
Caesars struck a deal with several investment groups to trim $548 million in debt off Caesars Entertainment Operating Co., the most heavily indebted of Caesars three business units.
Caesars Entertainment reports financial results for Q2 2014
11 Aug 2014
Strong performance in Las Vegas, offsetting less favorable conditions in regional markets.
Caesars Entertainment marks Milestone at this year's Responsible Gaming Education Week
8 Aug 2014
Caesars is celebrating the 25th anniversary of Operation Bet Smart, a program designed to formally train employees about the importance of responsible gaming.
Caesars Entertainment files lawsuit against bond holders
6 Aug 2014
Caesars named more than two-dozen investment firms, hedge funds and management groups in the lawsuit.
Caesars installs separate management in operating entity
31 Jul 2014
The effort is part of an overall restructuring plan announced in May that eliminated more than $1 billion in debt that was due next year while providing a different ownership structure to pieces of the company.
Wynn's verbal gems can spice earnings calls
30 Jul 2014
At one point, Wynn used the word “inexorable,” to describe the Chinese economy as unstoppable.
Tough sell: Official markets Atlantic City
28 Jul 2014
Almost daily, headlines concerning the market’s demise appear in the nation’s top media outlets, including The New York Times, Wall Street Journal and Los Angeles Times.
Four tapped for induction to Gaming Hall of Fame
23 Jul 2014
The American Gaming Association announced the 2014 inductees Monday.
Inside Gaming: Prospects growing bleaker for Boardwalk
16 Jul 2014
Four casinos could be closed by fall, displacing more than 8,000 workers — 25 percent of the city’s workforce — and leaving the famous seaside resort looking more like a boarded-up slum.
16th Annual AGEM/AGA Golf Classic presented by JCM Global raises $131,000
10 Jul 2014
The fundraiser supports the National Center for Responsible Gaming’s research efforts.
High hopes for casinos in Japan
7 Jul 2014
Although nothing was resolved over the past few months in what seems to be a never-ending effort to bring casinos to Japan, gaming leaders and analysts walked away encouraged.
Caesars to spend $223 million on revamping Quad, rebranding it as Linq hotel
2 Jul 2014
Rooms at the Linq will have a new look as Caesars Entertainment transitions from the Quad Resort & Casino. The company is spending $223 million on the project.
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