Tag Archives: Harrah’s Entertainment

Former Savan Vegas operator wants Laos gov’t to cough up $900M in damages
May 10, 2016
Lao Holdings N.V. is after the government of Laos once again. Last week, the former operator of the Savan Vegas Hotel and Entertainment Complex filed three new legal actions against the Laos government, which it claimed violated the settlement agreement the two parties signed in 2014 over the sale of...
Investing The Hard Way: The New Caesars Seems Same As The Old Caesars
October 22, 2013
Less than a year ago, Caesars Entertainment (CZR) was, at first glance, in a very different situation. Most notably, its share price was seeing a sharp decline; after climbing from an opening price of $10 in its sharply criticized IPO last February, shares would fall by some 75 percent in...
Investing The Hard Way: The Value of Debt
September 16, 2013
“When the facts change, I change my mind. What do you do, sir?” – John Maynard Keynes. Over and over again in this column, I have counseled investors to avoid highly indebted gambling companies and their shares. My worries have been simple: first, interest payments can overwhelm any potential profits...
Perspectives Weekly
March 14, 2011
Is there still hope for the New Jersey gambling bill? There’s enough optimism from proponents, but is it foolhardy? Considering most of the people in the Garden State would shoot down a vote if it came down to it, and Governor Christie would never support something that might jeopardize his...
Mangas now BetClic Everest Group, Harrah’s now Caesars, Calvin now Boss
November 24, 2010
Seems like today really is the day for fresh starts… Presumably because their existing name too often reminded people of flatulent frat boys, Mangas Gaming is changing its name to BetClic Everest Group. Mangas president Nicolas Beraud claims that the new identity reflected the weakness of the old name, er,...
Harrah’s drops out of IPO bid
November 19, 2010
While the online gambling industry has found some success in Europe, in the U.S., even well established companies are struggling to keep their heads above water in light of the recent economic recession and a wacko conservative power swell that spells troubles for both brick and mortar and online gambling...