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Money laundering scandal involving Caesars Entertainment results in multi-million dollar fine

Sadonna Price
Latest Casino and Gambling NewsMoney LaunderingBankruptcyFines, Lawsuits & LitigationNevada
September 9, 2015 0
Based on what the federal authorities are calling ‘severely deficient’ controls on anti-money laundering, Caesars Entertainment Corp. must now pay...

Caesars bondholders denied immediate ruling on debt guarantee

D. Graham
Latest Casino and Gambling NewsLas VegasCasino NewsWorld Casino NewsNorth America Casino NewsBankruptcyFines, Lawsuits & LitigationNevada
August 31, 2015 0
Bloomberg reports that bondholders owed $7 billion by Caesars have been denied an immediate ruling as to whether or not...

Lower ranking creditors sue trustees for Caesars’ senior and middle tier lenders

Lars Jones
Latest Casino and Gambling NewsLas VegasBankruptcyFines, Lawsuits & Litigation
August 11, 2015 0
Fearing they may be frozen out a group of lower ranking creditors have sued senior lenders of Caesars Entertainment Operating...

Caesars reaches restructuring agreement with lenders

Kim M
Latest Casino and Gambling NewsEconomy/FinanceBankruptcyFines, Lawsuits & LitigationNevada
August 3, 2015 0
The corporation that filed for bankruptcy over six months ago, a major division of Caesars Entertainment Corporation, filed for bankruptcy,...

Caesars denied permission for quick appeal to halt bondholder suits

D. Graham
U.S.A.Las VegasCasino NewsWorld Casino NewsNorth America Casino NewsGaming Industry NewsDelawareBankruptcyNevadaNew York
July 30, 2015 0
U.S. Bankruptcy Judge A. Benjamin Goldgar has denied Caesars Entertainment Operating Company (CEOC) permission to appeal his July 22 ruling...

Caesar’s Bankruptcy hearings move forward as stocks plummet

D. Graham
Latest Casino and Gambling NewsU.S.A.Casino NewsWorld Casino NewsNorth America Casino NewsGaming Industry NewsDelawareBankruptcyIllinoisNevada
July 22, 2015 0
Caesar’s Entertainment Corporation’s (CEC) stocks took a dramatic 41% fall despite attempts by Marc Rowan of Apollo Global Management LLC...

Caesars new CEO Mark Frissora’s blamed for accounting failures at Hertz

Renee Kingsley
U.S.A.Las VegasGaming Industry NewsEconomy/FinanceEmployment & CareersConspiracyFines, Lawsuits & Litigation
July 21, 2015 0
Mark Frissora holds an impressive resume and that was one of the reasons why he was hired to be the...

Deal in the works for Caesars unit’s restructuring

D. Graham
Latest Casino and Gambling NewsU.S.A.World Casino NewsNorth America Casino NewsGaming Industry NewsBankruptcyNevada
July 11, 2015 0
Bloomberg reports that billionaire John Paulson, principal of the hedge-fund firm Paulson & Co, along with other junior debt holders,...

Showboat showdown headed to bankruptcy court–Stockton U seeking millions

Sam Mitchell
Latest Casino and Gambling NewsBankruptcyIllinois
May 26, 2015 0
On May 26th 2015, it was reported that the Stockton University is looking to claim damages to the value of...

Caesars money laundering charges–up to $20 million fine possible

Lars Jones
U.S.A.Money LaunderingMacauFines, Lawsuits & Litigation
May 12, 2015 0
Caesars Entertainment Corp. said in a quarterly Securities and Exchange Commission filing yesterday that they are in discussions with the Financial...

Caesars can demolish Harrah’s Tunica Casino that closed in June

Sadonna Price
Latest Casino and Gambling NewsCasino closuresBankruptcyMississippi
April 28, 2015 0
Caesars Entertainment Corp will now be able to move ahead with demolition plans for the Harrah’s property located in Tunica...

Caesars Entertainment warns continued operations may be difficult

Sam Mitchell
Latest Casino and Gambling NewsWorld Casino NewsNorth America Casino NewsBankruptcy
March 20, 2015 0
Caesars Entertainment Operating Co. is the parent company for several subsidiary casino companies that operated more than 20 casinos across...

Caesars stops ex-employees retirement income, gets expelled from pension plan

Lars Jones
Latest Casino and Gambling NewsBankruptcyNew Jersey
March 13, 2015 0
Caesars Entertainment Corp was forced to file for Chapter 11 bankruptcy after its bad debts skyrocketed and the corporation was...

Caesars Entertainment Reports Fourth Quarter and Full Year 2014 Results

Bernard Richter
Gaming Industry NewsFinancial Press Releases
March 2, 2015 0
LAS VEGAS, March 2, 2015 /PRNewswire/ — Caesars Entertainment Corporation (NASDAQ: CZR) today reported the following fourth quarter and full year 2014...

Caesars sells Ohio Horseshoe casinos to Rock Gaming

Bernard Richter
Latest Casino and Gambling NewsU.S.A.North America Casino NewsGaming Industry NewsMergers, Acquisitions & PartnershipsFinancial Press Releases
March 2, 2015 0
Caesars, a faltering giant in the gambling industry who filed bankruptcy in January, has sold ownership stakes in all of...
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