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Planet Hollywood Resort & Casino News

MGM Resorts to build 5,000-seat theater at Monte Carlo

The $100 million theater is the latest in a line of nongaming developments MGM is investing in at its nine Strip resorts.

Caesars Interactive levels up with Mitch Garber at the helm

Caesars Interactive, owner of the World Series of Poker, has surpassed Zynga in terms of social gaming revenue.

Caesars shares punished after judge's ruling favors creditors

On Monday, Caesars' shares declined 16 percent in the first trading day after Bloomberg News reported a federal judge handed a small victory to creditors seeking to collect $750 million from the casino company's bankrupt operating division.

Failed Las Vegas resort is finally ready for its close-up

With backing from megastar George Clooney, Las Ramblas was supposed to be an 11-tower set with gambling, condominium and hotel space on a 25-acre stage. But it turned out to be a complete flop.

Caesars says lawsuits raise 'going concern' doubts

In the company’s year-end SEC filing, Caesars said the numerous lawsuits are related to transactions the company has made with its Caesars Entertainment Operating Co., going back to 2010.

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.

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.

Caesars to spend $223 million on revamping Quad, rebranding it as Linq hotel

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.

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