Caesars Palace News

Judge's ruling on Chicago court seen as win for Caesars

Allowing the case to proceed in Chicago is considered a victory for the company and its private equity backers, Apollo Global Management and TPG Capital.

Wall Street service warns Caesars restructuring will be 'drawn out' process

The efforts by Caesars Entertainment Corp. to restructure 81 percent of its gaming industry-high debt will be a “drawn out” process, a Wall Street ratings service warned investors Thursday.

Caesars places largest operating division into bankruptcy

The pre-packaged filing covering Caesars Entertainment Operating Co. has been agreed upon by 80 percent of the company's senior bondholders.

New roster of brand restaurants makes Strip debut

An impressive variety of brand restaurants have debuted recently on the Strip, including Smashburger and New York City-based Shake Shack.

Defendants in World Cup betting case want poker ban lifted

Paul Phua and his son, Darren Phua, were among eight defendants charged in a multimillion-dollar scheme that accepted wagers on the World Cup soccer tournament in Brazil last year.

Inside Gaming: The shape of things to come for Caesars

It’s abundantly clear Caesars Growth Partners is key to the planned bankruptcy restructuring of overly leveraged affiliate Caesars Entertainment Operating Co.

Malaysian official intervenes in illegal betting case

Ahmad Zahid Hamidi, Malaysia’s minister of home affairs, sent a letter earlier this month to Deputy FBI Director Mark Giuliano in Washington rebutting FBI claims that the lead defendant in the high-stakes betting case is tied to a powerful Chinese crime syndicate

Caesars says 39 percent of creditors agree to restructuring plan

Caesars spelled out much of the reorganization plan, in which Caesars Entertainment Operating Co. would be restructured through a prepackaged bankruptcy in January.

Major events underscore business news in Las Vegas in 2014

Whatever this state does, it does big. When it booms, it leads the nation in growth. When it busts, well — that’s epic, too.

Judge to decide on evidence in World Cup illegal betting case

Lawyers for wealthy Malaysian businessman Paul Phua and his son, Darren Phua, are seeking to get evidence seized in a July 9 raid at luxury Caesars Palace villas tossed out of court.

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