Apollo Global Management | World Casino News

Cirsa Gaming Corporation SA sold to The Blackstone Group

April 30, 2018

Bingo, Latest Casino and Gambling News, Central & South America Gaming, Sports betting, Mergers, Acquisitions & Partnerships, Italy, Spain

Spain’s largest casino operator, Cirsa Gaming Corporation SA, has reportedly been purchased by American private equity management firm The Blackstone Group via a deal that is rumored to be worth as much as €2.5...

Bank lenders threatening to end Caesars Entertainment Corporation bankruptcy deal

Adam Morgan

December 7, 2016

Latest Casino and Gambling News, Casino News, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

A plan previously worked out by American casino giant Caesars Entertainment Corporation designed to get its Caesars Entertainment Operating Company Incorporated subordinate out of a contentious two-year bankrup...

Bankruptcy watchdog disapproves of Caesars Entertainment Corporation plan

Adam Morgan

November 23, 2016

Latest Casino and Gambling News, North America Casino News, Fines, Lawsuits & Litigation

The plan worked out last month by American casino giant Caesars Entertainment Corporation designed to get its Caesars Entertainment Operating Company Incorporated subordinate out of a contentious two-year bankr...

Caesars mediator resigns from case of operating arm’s bankruptcy

Adam Morgan

September 12, 2016

Latest Casino and Gambling News, North America Casino News, Bankruptcy, Fines, Lawsuits & Litigation

The $18 billion bankruptcy dispute between Caesars Entertainment Operating Company Incorporated and its creditors took another complex turn on Friday after the mediator tasked with resolving the issue resigned ...

Caesars wins temporary reprieve from creditors

Adam Morgan

June 18, 2016

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Bankruptcy

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 Ent...

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

K Morrison

June 2, 2016

Latest Casino and Gambling News, Las Vegas, Economy/Finance, Bankruptcy, Fines, Lawsuits & Litigation

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 the casino operator to create a casino operator...

Bankruptcy date a subject of contention for Caesars and creditors

K Morrison

October 4, 2015

Latest Casino and Gambling News, Casino News, World Casino News, Bankruptcy, Illinois, Fines, Lawsuits & Litigation, Nevada

A hold on $468 million hinges on the outcome of a court date on Monday when Caesars Entertainment Corporation’s casino business creditors ask a judge to consider a January 12th bankruptcy date valid rather than...

Last major hold out on Senior Caesar debt signs on

K Morrison

August 24, 2015

Latest Casino and Gambling News, Casino News, World Casino News, North America Casino News, Economy/Finance, Bankruptcy, Nevada, New Jersey

In a statement released Friday by Caesars Entertainment Group, an agreement for restructuring a major operating division within the company that filed bankruptcy six month ago, Caesars Entertainment Operating C...