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245 results for “caesars bankruptcy”

Las Vegas Strip casinos revenue gambling

Las Vegas Strip Casinos Report $1.7B Loss in Latest Fiscal Year, Caesars Bankruptcy Cited

Casinos on the Las Vegas Strip collectively lost $1.7 billion during the latest fiscal year, primarily a result of costs associated with Caesars Entertainment's bankruptcy reorganization. The Nevada Gaming Control Board (NGCB)...

Devin O'ConnorFebruary 7, 2019
Caesars bankruptcy Bally's Atlantic City

Caesars Bankruptcy Prevented Investment at Company’s Atlantic City Properties, Gaming Regulator Says

Caesars shareholders voted to approve a merger of two of its operating companies this week, a step that moves the casino conglomerate closer to emerging out of Chapter 11 bankruptcy. That's good...

Casino.org Staff WriterJuly 26, 2017
Caesars Bankruptcy 2016 Developments 2016

The 2016 Caesars Bankruptcy Proceedings That Seemingly Would Never End

The bankruptcy of Caesars main operating unit, CEOC, was already a year old by the beginning of 2016 and apparently going nowhere fast. CEOC filed for chapter 11 bankruptcy in June 2015...

Casino.org Staff WriterDecember 24, 2016

Caesars Bankruptcy Plan May Violate the Law, Says Bankruptcy Watchdog 

The US government’s bankruptcy watchdog, US Trustee, has expressed concerns over Caesars Entertainment Corp’s bankruptcy reorganization plan and the deal it has reached with most of its junior creditors. The company’s main...

Casino.org Staff WriterOctober 21, 2016
Joseph Farnan resigns as Caesars bankruptcy moderator

Caesars Bankruptcy Mediator Quits

Caesars’ long-suffering mediator in its chapter 11 bankruptcy case has thrown in the towel. The casino giant is currently embroiled in what one of its own lawyers described as the “largest and...

Casino.org Staff WriterSeptember 12, 2016
Caesars gets respite from creditor lawsuits

Caesars Bankruptcy Judge Cuts Casino Giant Some Slack, Creditors’ Lawsuits Put on Ice

Caesars Entertainment (CEC) has been dealt a break in its ongoing and increasingly messy bankruptcy negotiations. The company is attempting to put its main operating unit, Caesars Entertainment Operating Company (CEOC), through...

Casino.org Staff WriterJune 17, 2016
Gary Loveman CEO Caesars Entertainment financials

Caesars Bankruptcy Doesn’t Hinder Best Revenue Postings Since 2008

Caesars Entertainment has posted its best financial results since 2008, despite being embroiled in lengthy and increasingly messy bankruptcy proceedings. Caesars reported Q1 net income of $7.7 million on revenue of $2.2...

Casino.org Staff WriterMay 8, 2015
Caesars Palace, Las Vegas

Caesars Bankruptcy Plans Get Destroyed In Court

Caesars Entertainment’s (CZR) plans to put its main operating arm, Caesars Entertainment Operating Company (CEOC), into Chapter 11 bankruptcy hit a major setback this week when a New York judge ruled that...

Casino.org Staff WriterJanuary 20, 2015
Caesars Entertainment CEO Mark Frissora

Caesars Entertainment Bounces Back from Bankruptcy Debt Hell with Positive Q1

A leaner, meaner Caesars Entertainment is performing well post-bankruptcy reorganization. The company announced Wednesday that in Q1 of 2018 it posted net losses of “only” $34 million. But that’s peanuts in comparison...

Philip ConnellerMay 3, 2018
George Soros Caesars Entertainment

George Soros Now One of Top Caesars Shareholders, Owns 4.9 Percent of Gaming Company in Bankruptcy Aftermath

Billionaire investor George Soros, through his family-controlled Soros Fund Management group, owns nearly five percent of Caesars Entertainment following the company's Chapter 11 bankruptcy reorganization last fall. According to Bloomberg, the billionaire's...

Casino.org Staff WriterFebruary 15, 2018