Tag Archives: Gary Loveman

Caesars testing ‘casino within a casino’ to attract millennial gamblers
September 30, 2015
Casino operator Caesars Entertainment Corp is testing a 'casino within a casino' in a bid to convince slots-phobic millennials to try their hand at gambling. Speaking Wednesday at the Global Gaming Expo (G2E) conference in Las Vegas, new Caesars CEO Mark Frissora said “the time is now" for casino operators...
Caesars’ creditors turn on each other; Loveman vents online poker frustrations
August 11, 2015
The bankruptcy proceeding involving casino operator Caesars Entertainment Corp’s main unit officially entered comedic territory on news that Caesars' junior creditors had sued the company’s senior creditors. On Monday, Bloomberg reported that a group of bondholders representing the bottom tier of Caesars lenders had filed a lawsuit against creditors in...
Mark Frissora assumes Caesars’ President and CEO role
July 1, 2015
Casino operator Caesars Entertainment Corporation has announced that Mark Frissora has assumed the company’s president and CEO role, completing the transition plan previously announced in February 2015. "Since joining the company in February, I have visited most of our domestic properties, met with all of the company's senior leaders and...
Caesars’ Gary Loveman stepping down as CEO; remains as chairman
February 5, 2015
Caesars Entertainment Corporation Chairman Gary Loveman will step down from the company's chief executive role on June 30 and will be replaced by the former chairman and CEO of Hertz Global Holdings. “After 12 years as CEO, Caesars has accomplished more than what we could have imagined when I arrived...
Caesars OpCo files for bankruptcy
January 15, 2015
Caesars Entertainment Operating Co. Inc. (CEOC), a unit of Las Vegas-based casino operator Caesars Entertainment Corp, filed for bankruptcy in the Northern District of Illinois in Chicago on Thursday. CEOC, which owns and operates 44 gaming and resorts properties and represents 80% ($18.4b) of Caesars’ overall $28.2b debt load, announced...
Caesars to merge with Caesars Acquisition Company, insists it’s not bananas
December 22, 2014
Struggling casino operator Caesars Entertainment has decided to merge with Caesars Acquisition Company (CACQ), the division Caesars created last year to hold a majority stake in Caesars Growth Partners (CGP), yet another spinoff that controls the company’s online activities and six brick-and-mortar casino properties. The news follows Friday’s announcement that...