Tag Archives: Caesars Entertainment
- Caesars Entertainment announces parking program for Las Vegas properties
New initiative will help ensure a convenient parking experience for all visitors while also improving infrastructure LAS VEGAS, Nov. 2016 -- Caesars Entertainment Corporation (NASDAQ: CZR) today announced that it will launch a paid valet and self-parking initiative intended to improve the parking experience for guests, local residents and Total Rewards...
- Caesars Entertainment loses $643m in “another solid quarter”
Casino operator Caesars Entertainment Corporation lost $643m in Q3, leading its CEO to celebrate “another solid quarter of performance.” Honestly, you can’t make this stuff up. The ephemeral entity known as Continuing CEC – which doesn’t include the still bankrupt Caesars Entertainment Operating Co (CEOC) – saw revenue edge up...
- Caesars reaches deal with lone remaining holdout junior creditor
Casino operator Caesars Entertainment has reached a deal with the last remaining bondholder blocking the company’s interminably delayed proposed restructuring. On Tuesday, Caesars announced that hedge fund Trilogy Capital Management had agreed to support the plan to restructure Caesar’s bankrupt main unit Caesars Entertainment Operating Co (CEOC). Neither firm saw...
- Caesars rolls out new automated ‘green light, red light’ comped drink system
Casino operator Caesars Entertainment has rolled out a new policy that links comped drinks to how much a customer spends on gambling. On Wednesday, Las Vegas media outlet KTNV reported that Caesars had rolled out a new comp drink monitoring system at all its Nevada properties. The automated system, which...
- GameCo bringing skill-based video games to Atlantic City casino floors
Atlantic City casinos could welcome their first skill-based gaming machines as soon as next week, provided state regulators sign off on the plan. On Tuesday, New York-based startup GameCo announced that it would debut its new video game gambling machines (VGM) on the casino floors of Caesars Entertainment’s three AC...
- Is Caesars’ Deal Enough To Ensure Long Term Survival?
It looks like Caesars may have finally squared the circle. According to press releases by the company and its myriad of subsidiaries both bankrupt and not bankrupt, all of the major creditor groups of Caesars Entertainment Operating Company (the “Bad Caesars” with all the debt) have agreed to a term...
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