Tag Archives: Caesars Entertainment
- Bankruptcy judge unlikely to shield Caesars from lawsuits
Struggling casino operator Caesars Entertainment Corp. (CEC) is bracing itself from a volley of future bondholder lawsuits as a federal judge hearing its bankruptcy case may not push the shield button. On top of that, Casesars’ plea for a $900 million bailout has fallen on the deaf ears of the...
- Caesars Entertainment posts $2b loss
Casino operator Caesars Entertainment Corporation (CEC) lost over $2b in the second quarter of 2016 thanks to the restructuring of its bankrupt main unit. As has been the case for the past 18 months, CEC’s numbers are irrevocably tangled given the unresolved bankruptcy of its main unit Caesars Entertainment Operating...
- Playtika the unquestioned star of Caesars Interactive’s Q2 report
Caesars Acquisition Company (CACQ) reported strong online gains in what could be the final quarterly report to feature contributions from its highly profitable social gaming unit. On Tuesday, CACQ – which includes Caesars Interactive Entertainment (CIE) and several brick-and-mortar casinos – reported revenue rising nearly 17% to $673.6m in the...
- Has Caesars Finally Saved Itself With The Sale of Playtika?
Caesars Entertainment Corporation just sold Playtika Ltd., a section of Caesars Interactive Entertainment to a consortium of Chinese equity funds for $4.4 billion. Did Caesars just save itself? For the first time since it officially split into two and dumped all of its bad debt in a garbage shell in...
- More junior creditors sign on to Caesars’ restructuring plan
Casino operator Caesars Entertainment Corp (CEC) has convinced more junior creditors to sign on to the restructuring plan for its bankrupt main unit. On Monday, CEC and its Caesars Entertainment Operating Co (CEOC) subsidiary announced a restructuring support agreement with holders of “a significant amount” of CEOC’s second lien debt....
- Caesars in talks to sell interactive games unit to Chinese group
It appears that Caesars Entertainment is close to sealing the deal for its interactive unit. U.S. gaming holding company Caesars Acquisition Co (CAC) is reportedly in “exclusive talks” with a Chinese consortium over the possible sale of Caesars Interactive Entertainment’s (CIE) online games business. People familiar with the matter told...
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