Caesars is being cornered and the routes of escape are quickly being cut off on all sides.
When a multibillion dollar bankruptcy looms, lawyers, accountants, and legalists of all shapes and sizes huddle together in rugby scrum.
While we can feel sorry for Caesars’ junior creditors, we have to remember that they freely chose to buy Caesars’ high interest rate bonds.
If we were to play a game, I name a company and you tell me the first word that comes to mind, “Caesars' Entertainment” and “debt”
Caesars Entertainment Corp has announced fourth quarter losses of $1.7bn primarily caused by huge impairment charges and declines.
In gambling news, Vince continues to cover the spin-off focused on Caesars' Ent attempt to distribute ownership of those interactive assets.