Caesars Palace News

Agent testifies about raid on gambling operation

Ricardo Lopez, who worked undercover for the FBI during the investigation, testified in federal court that a Caesars security officer who had tipped off authorities to the gambling operation told him a top company executive was complaining about not being in the loop of the investigation.

Caesars security discovered World Cup betting room before feds brought in, witness says

A top casino security officer testified Tuesday how his internal investigation led to an FBI raid on an alleged World Cup betting scheme operating out of luxury Caesars Palace villas.

Caesars skips $225 million interest payment

The interest payment, due on second-tier debt covering its Caesars Entertainment Operating Co., business unit, has a 30-day grace period.

Caesars says several creditors leave talks over restructuring debt

Shares of Caesars, traded in Nasdaq, fell $2.03 or 13.66 percent to close at $12.83.

Illegal Word Cup gambling ring: 5 to plead guilty

Five people of seven accused in an illegal World Cup gambling venture to plead guilty.

Many come to bury Caesars, not to praise the casino company

The nation’s largest casino operator is under attack from all fronts as it struggles to restructure its gaming industry-high debt load of $22.8 billion.

Caesars calls latest default notice 'meritless'

On Monday, Caesars said it received a default notice last week from UMB Bank related to its senior-secured notes covering CEOC. Caesars said it “does not believe that a default or an event of default has occurred.”

Analysts favor Caesars move to put key unit into REIT

Fitch Ratings Service said in a report, however, the spinoff won’t prevent Caesars from having to go through bankruptcy reorganization to restructure its $22.8 billion debt.

Caesars to trim nationwide workforce by less than 1 percent

The company, which operates nearly 40 casinos in 14 U.S. states and the Canadian province of Ontario, is attempting to restructure its gaming industry-high $22.8 billion debt.

Report: Prearranged bankruptcy for key Caesars unit as soon as January

Caesars has been in private talks with banks and lenders since September with the hopes of restructuring a portion of the debt.

About us | Editorial Staff | Feedback | Advertising
CASINO CITY NETWORK: Online Casino City | Casino City Times | Poker Dictionary | PokerZone | RGT Online

 

Visit Casino City's Internet Directory
Casino City Home World Gambling American Gambling Nevada Gambling Las Vegas Gambling
Caesars Palace Nearby Casinos Hotel Reservations Coupons
News
Tweets Map Executives Ownership
Search
Sign up for the
Casino City Times
Weekly Newsletter!