Cirque du Soleil Files for Bankruptcy Protection<\/title>\n<meta name=\"description\" content=\"A Las Vegas fixture, Cirque du Soleil, has filed for bankruptcy protection. They're saying COVID-19, we're saying a string of bad decisions.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cirque du Soleil Files for Bankruptcy Protection\" \/>\n<meta property=\"og:description\" content=\"A Las Vegas fixture, Cirque du Soleil, has filed for bankruptcy protection. 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{"id":23886,"date":"2020-06-29T14:59:15","date_gmt":"2020-06-29T21:59:15","guid":{"rendered":"https:\/\/www.casino.org\/vitalvegas\/?p=23886"},"modified":"2020-06-29T14:59:15","modified_gmt":"2020-06-29T21:59:15","slug":"cirque-du-soleil-files-for-bankruptcy-protection","status":"publish","type":"post","link":"https:\/\/www.casino.org\/vitalvegas\/cirque-du-soleil-files-for-bankruptcy-protection\/","title":{"rendered":"Cirque du Soleil Files for Bankruptcy Protection"},"content":{"rendered":"\n

We first broached the possibility of a bankruptcy for Cirque du Soleil<\/a> back in April 2020, and we’re sad to report the company has done just that. Sometimes, we hate being right.<\/p>\n

While news coverage<\/a> of Cirque’s bankruptcy has focused on “immense disruption” caused by the COVID-19 crisis, Cirque du Soleil was in deep financial trouble prior to the closure of its shows, 44 in all, including six Las Vegas productions.<\/p>\n

What kind of trouble? Roughly $1 billion in debt, largely due to leveraged loans.<\/p>\n