Caesars wins temporary reprieve from creditors

A Chicago judge has granted global casino operator Caesars Entertainment Corporation a temporary reprieve from court actions brought by shareholders of its bankrupt operating arm. Las Vegas-based Caesars...

Reminder for PKR.com customers: PokerStars has your back

Players who found their funds locked up in administration when PKR.com went bust can get their money from PokerStars. In early May the pioneering PKR.com was removed from...

Caesars Entertainment Corp hires new restructuring officer; Warns of Chapter 11

On Friday, Caesars Entertainment Corp (NASDAQ: CZR) announced that retired bankruptcy judge Robert Gerber has been appointed to the newly created position of chief restructuring officer. Reuters reports that...

Caesars reportedly considering $4b offers for Caesars Interactive Entertainment

Faced with the possibility of being forced into Chapter 11 bankruptcy, Caesars Entertainment Corp (NASDAQ: CZR) is considering selling its interactive unit, which is one of the company’s...

New Jersey regulator approves Caesars reorganization plan

As it continues to implement a reorganization plan as part of an attempt to emerge from bankruptcy, Caesars Entertainment Operating Company Incorporated has reportedly received approval to...

Prime Minister Christie Says EXIM Bank has signed agreement to complete stalled Baha Mar...

Bahamian Prime Minister Perry Christie and his administration had been under tremendous pressure for not being able to complete the stalled $3.5 billion Baha Mar Casino Resort....

Caesars bankruptcy talks reach deadlock

A mediator brought in to negotiate talks between global casino operator Caesars Entertainment Corporation and second-lien creditors of its bankrupt operating arm has announced that the process...

Caesars’ casino REIT plan opposed by U.S. lawmakers

Treasury Secretary Jacob Lew was urged by U.S. Congress members to deny a favorable tax ruling to Caesars Entertainment Corp (NASDAQ: CZR) relating to the plan by...

Macau junket promoter declared bankrupt

In September, beleaguered Macau junket investor Iao Kun closed three VIP rooms in the special administrative region. Two of the rooms were located on Galaxy Entertainment Group...

Apollo, TPG agree deal with Caesars for restructuring; Insulates top execs

The two top-tier creditors agreed Tuesday to Caesars Entertainment Corporation’s (CEC) terms to restructure the company’s debt, leaving about US$1 billion on the table in exchange...

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