Tag Archives: bankruptcy
- More junior creditors sign on to Caesars’ restructuring plan
August 2, 2016
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....
- Bankruptcy judge gives Caesars creditors the okay to vote on restructuring
June 23, 2016
Casino operator Caesars Entertainment has received court approval to allow creditors to vote on the proposed restructuring plan of the operator’s bankrupt main unit. On Wednesday, US Bankruptcy Judge Benjamin Goldgar set a Jan. 17, 2017 confirmation hearing for the planned restructuring of Caesars Entertainment Operating Co (CEOC), which filed...
- Caesars Entertainment wins temporary reprieve of creditor lawsuits
June 15, 2016
Beleaguered casino operator Caesars Entertainment has won a temporary reprieve from having to face creditor lawsuits. On Wednesday, US Bankruptcy Court Judge Benjamin Goldgar told Caesars he had suspended bondholder lawsuits in Delaware and New York until Aug. 29. The period is shorter than Caesars had requested and Goldgar said...
- Caesars improves restructuring offer but junior creditors appear unimpressed
May 18, 2016
Struggling casino operator Caesars Entertainment Corp (CEC) has amended the restructuring plan for its bankrupt main unit by promising creditors an extra $2.5b. For over a year now, CEC has been attempting to convince creditors to agree to the restructuring of Caesars Entertainment Operating Co (CEOC), which listed $18.4b in...
- Caesars bankruptcy gets messier thanks to financial adviser’s extramarital tryst
April 1, 2016
Casino operator Caesars Entertainment’s messy bankruptcy just got a whole lot messier thanks to an extramarital affair involving a company attorney and a female financial adviser. This week, Reuters reported that US Bankruptcy Judge Benjamin Goldgar had decided to discard the results of an investigation Caesars had launched in the...
- Et Tu, Junior Creditore? Then Fall Caesars
October 20, 2015
If you have inside information with judges and you know exactly how they are going to rule on the many appeals left in the Caesars court drama, then you can make a lot of money trading weekly Caesars options. But if you don’t, I’d say stay away and let the...
Ask not where bitcoin will be tomorrow, but 10 years from now
September 19, 2017
Why the SEC really rejected the Bitcoin ETF
March 14, 2017