Caesars Palace News
Agent testifies about raid on gambling operation
18 December 2014
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
17 December 2014
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
16 December 2014
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
15 December 2014
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
10 December 2014
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
3 December 2014
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'
25 November 2014
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
24 November 2014
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
14 November 2014
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
12 November 2014
Caesars has been in private talks with banks and lenders since September with the hopes of restructuring a portion of the debt.
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