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252 results for "caesars bankruptcy"
Caesars Goes After Chinese Gamblers in Las Vegas With WeChat Pay
Caesars Entertainment is hoping to win over some incoming Chinese travelers to Las Vegas by accepting payments via WeChat Pay, a popular social media platform with mobile transaction capabilities. Unlike Las Vegas...
Debt-Riddled Caesars Reports $1.4 Billion Loss for Q2 as Sign of Bright Future
Caesars Entertainment lost “only” $1.4 billion in the second quarter of 2017. That figure represents a $617 million improvement compared to last year’s Q2 losses of $2.1 billion. Revenue for the period...
Caesars Seeks Shareholder Approval to Split Company’s Gaming Ops From Real Estate Investments
Shareholders of Caesars Entertainment will gather in Las Vegas this week to decide the future of the company, and ideally, bring its bankruptcy process to an end. According to the Las Vegas...
Caesars Entertainment Restructuring Approved in New Jersey, Plan Eliminates $16 Billion in Debt
Caesars Entertainment has received approval from the New Jersey Casino Control Commission (CCC) to restructure its business operations in Atlantic City. The corporate maneuvering will eliminate $16 billion from the parent company's...
Caesars Entertainment Looks to Expand Hotel Holdings, Remains Confident on Japan, South Korea
Caesars Entertainment expects to officially exit bankruptcy in September, and in the interim, the company is developing its future growth plan that is focused on non-gaming investments. Gaming currently makes up about...
Caesars to Revamp Flamingo, while Resorts World Las Vegas Delayed 12 Months
Caesars Entertainment Corp is ready to spend $90 million revamping the famous Flamingo Las Vegas. In an official statement released Thursday morning, the company said it planned a complete renovation of 1,270...
Caesars Regains Footing in Atlantic City with Approval of Debt Restructuring Plan
The New Jersey Casino Control Commission (CCC) has approved a plan by Caesars to restructure its debt by outsourcing casino operations in two of its three Atlantic City resort properties. Under the...
Caesars Interactive Exec Mitch Garber Beat the House for $210 Million in 2016 Compensation
Montreal-based Mitch Garber is paying a boatload of taxes this tax season to Canada's government, but that's the price one has to pay for making $210 million in a single year. The...
Caesars Merger Moves One Step Closer as Bankrupt Unit Prepares to Emerge
Caesars Entertainment Corp (CEC) has amended the terms of a forthcoming merger between itself and subsidiary Caesars Acquisition Company (CAC), according to a filing this week to the Securities and Exchange Commission....
Caesars Q4 Net Loss Eclipses Analysts’ Expectations Ten Times Over?
Caesars Entertainment Corp’s (CEC) Q4 loss was ten-times worse than analysts’ predictions. Net loss for the period was?$435 million,?compared to?$39 million?in the fourth quarter of 2015, mainly due to a?$426 million?accrual related...