Caesars Palace News

Nevada Supreme Court upholds 'markers law'

The court upheld the Clark County District Court conviction of California businessman Harel Zahavi on four counts of drawing and passing a check without sufficient funds and with the intent to defraud.

Caesars sells 20 percent interest in Ohio casinos

Caesars will continue to manage the properties, which will remain part of the company’s Total Rewards player loyalty program.

Caesars denies another request from second-level bond holder

In a filing with the SEC Monday, Caesars said BOKF N.A. asked for payment on $750 million in debt plus interest. Caesars said it turned down the payment demand.

Caesars again rebuffs debt holders' request for payment

In a filing Wednesday with the SEC, Caesars dismissed as “meritless” a request from the Wilmington Savings Fund Society for immediate payment of $3.68 billion in principal and $185 million in interest.

McCain, others change their tune on sports wagering

“We need a debate in Congress,” the Arizona Republican said recently. “We need to have a talk with the American people, and we need to probably have hearings in Congress on the whole issue so we can build consensus.”

Caesars new CEO to earn $1.8 million, eligible for bonus

Mark Frissora can earn up to 150 percent of his base salary in bonus pay, has use of the company aircraft, and will receive “certain relocation benefits” for moving to Las Vegas, the SEC filing said.

Caesars CEO Loveman stepping down in wake of bankruptcy

The change comes less than a month after Caesars placed its largest operating unit into a pre-packaged bankruptcy to eliminate almost $10 billion in debt.

Federal judge recommends tossing out evidence in sports betting case

U.S. Magistrate Judge Peggy Leen found that "false and misleading statements" were made by FBI agents in a sworn affidavit they submitted in seeking a judge's permission to search the villas in July.

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.

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