Planet Hollywood Resort & Casino News

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

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.”

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.

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.

Rooms at the Linq will have a new look as Caesars Entertainment transitions from the Quad Resort & Casino. The company is spending $223 million on the project.

In total, the Nevada Gaming Commission has settled more than $8 million in fines since January 2013.

Lines will be long at Las Vegas sports books when the NCAA Tournament begins today.

Andy Abboud, vice president of Government Relations at Las Vegas Sands Corp., spoke during a debate on the legalization of Internet gaming during the fourth annual iGaming North America event yesterday.

About 700 people are expected to attend the conference, which is not open to the public.

Caesars Entertainment Corp. said Wednesday it lost $1.756 billion in the fourth quarter.