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It’s abundantly clear Caesars Growth Partners is key to the planned bankruptcy restructuring of overly-leveraged affiliate Caesars Entertainment Operating Co., which intends to shed almost $10 billion of the parent company’s industry-leading $22.8 billion debt through reorganization.
Nevada casinos ended three straight months of gaming revenue declines in November. The Strip wasn’t so lucky.
On paper, it appeared MGM Resorts International lost the construction defect lawsuit over CityCenter’s mistake-riddled Harmon Hotel.
Caesars Entertainment Corp. on Monday said more than 39 percent of its creditors have agreed to a restructuring plan that will eliminate some $10 billion of the casino company’s overall debt through a bankruptcy process and other financial methods.
The U.S. Treasury Department’s anti-money laundering unit may soon ask casinos to be on the lookout for illegal sports wagers flowing into the U.S. financial system, according to two sources familiar with the matter.
Caesars Entertainment Corp. and and an affiliate, Caesars Acquisition Co., on Monday announced a plan to merge in an all-stock transaction.
The most recent publicity stunt in the ongoing skirmish between Culinary Local 226 and Station Casinos had a holiday street party feel combined with an arts and crafts project. But when it was over, the union came off looking like an inept comedy team.
Caesars Entertainment Operating Co., the main operating unit of Las Vegas-based Caesars Entertainment Corp , said Friday it would file for Chapter 11 bankruptcy protection by mid-January to cut its burgeoning debt.
The Nevada Gaming Commission on Thursday approved SLS Las Vegas part-owner Sam Nazarian a one-year limited license after listening to him apologize for past dealings and not being truthful about his past use of drugs.
Navada Gaming Commission approved the $1.73 billion purchase of the Cosmopolitan of Las Vegas Thursday.
The $1.2 billion buyout of slot machine maker Multimedia Games by Global Cash Access was approved Thursday by the Nevada Gaming, which allowed the transaction to clear its final regulatory hurdle.
The FBI had to move up a raid on an international gambling operation at Caesars Palace in July because word had slipped out about the investigation, a state gaming agent testified Wednesday.
Tutor Perini Corp., the general contractor behind CityCenter and a party in a massive construction defect case involving the development’s Harmon Hotel, said Wednesday it would receive “total net settlement proceeds” of approximately $189.5 million on its lien claims.
NEW YORK — New York state approved three casino developments worth $1.4 billion on Wednesday that promise to add more than 5,000 jobs to the sluggish upstate economy and generate around $300 million in tax revenues for state coffers, but a proposal by Las Vegas-based Caesars Entertainment did not make the cut.
The new owners of the Cosmopolitan of Las Vegas have tabbed long time gaming executive Bill McBeath as CEO of the Strip resort.
