Tag Archives: Caesars Entertainment
- Caesars offers creditors another $1.6b, would spell end of hedge fund ownership
Casino operator Caesars Entertainment has improved its offer to junior creditors to over $5b, but the offer is only good until Friday. On Wednesday, Caesars added an extra $1.6b to the $4b it had already offered junior bondholders of Caesars Entertainment Operating Co. (CEOC), the main unit of Caesars that...
- Caesars creditors get okay to study hedge fund execs’ personal finances
The hedge fund execs that control casino operator Caesars Entertainment have been ordered to let Caesars creditors have a peek at their personal bank statements. Last week, the Chicago judge handling the bankruptcy of Caesars’ main division expressed frustration over his inability to get clarity on exactly how much money...
- Vegas-Beijing direct flights approved, Caesars launch WeChat room booking
Chinese gamblers can enjoy direct flights from Beijing to Las Vegas now that US officials have signed off on the plan. On Monday, the Las Vegas Convention and Visitors Authority (LVCVA) confirmed that the US Department of Transportation had officially approved the application by China’s Hainan Airlines to offer the...
- Caesars bankruptcy mediator resigns
Casino operator Caesars Entertainment’s interminable bankruptcy proceedings got even more complicated after word broke that the court-appointed mediator had abruptly resigned. Back in March, retired judge Joseph Farnan was enlisted to mediate negotiations between creditors and Caesars’ bankrupt main unit, Caesars Entertainment Operating Co (CEOC). On Friday, Farnan submitted his...
- Caesars first to deploy Gamblit Gaming’s skill-based games on casino floor
Casino operator Caesars Entertainment has struck a deal to be first to bring Gamblit Gaming’s skill-based gaming devices to the casino floor. On Wednesday, Caesars and Gamblit announced a multi-year deal that will see Gamblit’s Model G and Tristation positions deployed to Harrah’s Rincon in California. Assuming all goes well,...
- Caesars granted another temporary creditor lawsuit reprieve
Casino operator Caesars Entertainment has been granted yet another temporary reprieve from junior creditor lawsuits. On Tuesday, US District Judge Robert Gettleman gave Caesars until October 5 to appeal a bankruptcy court ruling that would have allowed junior bondholder lawsuits to proceed against Caesars and its bankrupt main unit, Caesars...
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