Caesars Palace News

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.

Caesars Entertainment posts $908.1 million loss in Q3

In the quarter that ended Sept. 30, Caesars said its debt was $22.88 billion, down from $24.2 billion at the end of June.

Caesars moves to restructure $24 billion debt

In a filing with the Securities and Exchange Commission, Caesars announced “non-disclosure agreements with certain beneficial holders” to discuss restructuring debt due in 2020.

Malaysian man pleads not guilty in World Cup betting case

Malaysian businessman Wei Seng “Paul” Phua, the man authorities consider the ringleader of a multimillion-dollar World Cup betting scheme, pleaded not guilty in federal court Tuesday to illegal gambling charges.

Caesars installs separate management in operating entity

The effort is part of an overall restructuring plan announced in May that eliminated more than $1 billion in debt that was due next year while providing a different ownership structure to pieces of the company.

Malaysian businessman charged in betting scheme released

The wealthy Malaysian businessman authorities say led a World Cup betting scheme in Las Vegas and his son were released late Monday from the custody of federal immigration officials.

Shania Twain announces final shows of "Shania: Still The One" at Caesars Palace

Shania Twain to end her two-year residency SHANIA: STILL THE ONE at The Colosseum at Caesars Palace with the final show set for Saturday, Dec. 13, 2014.

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