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252 results for "caesars bankruptcy"
Caesars’ Lenders Threaten to Terminate Restructuring Deal
More trouble for Caesars’ $18 billion bankruptcy restructuring plan this week, as a committee of bank lenders have threatened to pull their support, potentially plunging the entire process into disarray. According to...
MGM, Caesars and Red Rock Revenues Rise as Vegas Casino Sector Thrives
A booming Las Vegas Strip helped Nevada’s casino giants to a positive Q3, as MGM Resorts International, Caesars Entertainment Corp and Red Rock Resorts each posted their financial results for the quarter...
Caesars Awarded Critical Five-Week Shield From $13 Billion in Lawsuits
Caesars Entertainment Corp. has been granted a five-week grace period before it must face numerous lawsuits being brought by creditors looking to sever ties with the once-robust casino company. US Northern District...
Caesars Settles Creditor Lawsuit
Caesars has convinced one of its junior creditors to drop litigation and agree to its bankruptcy reorganization plan, a sign that this could be the beginning of the end of the group’s...
Playtika Goes to Chinese in Massive Caesars Sell-Off
Playtika, the mobile social casino games developer owned by Caesars Interactive Entertainment (CIE), will be sold to a consortium of Chinese investors for a $4.4 billion all-in cash deal. CIE’s other assets,?including?the...
Caesars Interactive Entertainment in Advanced Talks Over $4.2 billion Acquisition
Caesars Interactive Entertainment (CIE) could be sold to a Chinese consortium led by Giant Interactive, owners of MMO role-playing game ZT Online, according to a report by Reuters. Sources who spoke to...
Caesars Faces Billions in Claims, Investigation Finds Evidence of Private Equity Asset-Stripping ?
Caesars could face billions of dollars in potential damages in relation to its bankruptcy restructuring, according to the recommendations of a court-ordered examiners’ report, published Tuesday. The company is seeking chapter 11...
Caesars London Casinos Censured by UK Regulator Over Lax Anti-Money Laundering Controls
Caesars Entertainment has again come under fire for insufficient money laundering safeguards, this time at two of its London properties. The UK Gambling Commission (UKGC) has publicly scolded the Las Vegas-based company...
Caesars Slapped with $9.5M Fine for Anti-Money Laundering Regulation Snafus
Caesars Entertainment, currently embroiled in protracted bankruptcy proceedings, probably doesn't need any more financial woes. But you don't want to mess with the feds, and now the gaming company?has agreed to pay...
Caesars Entertainment Facing Ruin After Court Ruling
Caesars Entertainment, the global casino operator and owner of the World Series of Poker (WSOP), could be on the brink of bankruptcy following an unfavorable court ruling. With spiraling debts and pending...