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...

Court approves Caesars bankruptcy plan to emerge in 2017 with $10 billion less debt

In a press relief noted for its brevity compared to the gravity lifted, Caesars Entertainment Corporation (NASDAQ: CZR) has seen its operating company’s bankruptcy reorganization plan finally...

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...

Polish subsidiary of Olympic Entertainment Group files for bankruptcy

Eastern European casino operator Olympic Entertainment Group has announced that its Polish subsidiary has filed for bankruptcy protections following a late-September decision from the Finance Ministry not...

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...

Trump Taj Mahal officially shuts down

As of 5:59 a.m., on October 10, 2016,  the Trump Taj Mahal became the 5th casino to shut down in Atlantic City, New Jersey since 2014. Almost...

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...

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...

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...

UK Poker site PKR shuts down due to financial difficulties

UK-licensed online poker site PKR is shutting down after suffering “financial difficulties”, official statements posted on the website last Wednesday revealed. As the update stated, the operator...

Must Read