Tag Archives: Caesars Entertainment
- Caesars’ restructuring wins bankruptcy court approval
Somewhere, a fat lady is warming up her vocal cords, now that casino operator Caesars Entertainment has finally secured bankruptcy court approval to proceed with its restructuring. Last Friday, Caesars informed the US Bankruptcy Court in Chicago that it had worked out a deal with the US Trustee’s office that...
- How to hedge Caesars as bankruptcy saga continues into 2017
And we wonder why our public courts are always clogged. Caesars’ bankruptcy festivities continue into the new year, with more posturing leading to a near collapse magically resolved at the last minute. According to Bloomberg, an accord was filed hours before the deadline in late December. Funny. This thing is...
- Hills issues third profit warning in 12 months after dodgy December
UK bookmakers William Hill are catching hell for blaming their 2016 operating profit shortfall on punters getting lucky. On Monday, Hills informed investors that its unaudited full year 2016 operating profit would likely come in around £260m, at the bottom end of its previously forecasted range of £260m-280m. The profit...
- Caesars finally finds new South Korean casino partner
Casino operator Caesars Entertainment has finally revealed the name of its new South Korean joint venture partner. On Tuesday, a subsidiary of Chinese hotel and property development firm Guangzhou R&F Properties Co Ltd formally announced the formation of a joint venture with Caesars’ South Korean subsidiary to build an integrated...
- Poker player strikes lucky at Leicester Squares Empire Casino
Poker fan and Italian, Mr Salvador Jorge, celebrates scooping a massive £33,661 win whilst playing the Bad Beat Poker Jackpot at London’s Empire Casino this month. The Bad Beat Jackpot was launched at the Empire Casino in February 2010 and can be won by anyone playing in a dealer dealt...
- Caesars’ Korean partner can’t find exit; North Korea tells citizens to fink on gamblers
Casino operator Caesars Entertainment’s joint venture partner in South Korea says its experiencing delays in extricating itself from the stalled project. In January 2013, Caesars, Indonesian conglomerate Lippo Group and a mystery third party announced the formation of LOCZ Korea, which promised to build a $2b integrated resort in the...
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