Caesars Entertainment Corp hires new restructuring officer; Warns of Chapter 11

On Friday, Caesars Entertainment Corp (NASDAQ: CZR) announced that retired bankruptcy judge Robert Gerber has been appointed to the newly created position of chief restructuring officer. Reuters reports that the...

Christie says Atlantic City’s debt payments wouldn’t be made by him

With Atlantic City’s May bond payment looming, New Jersey Governor Chris Christie won’t intervene as the once thriving gambling mecca inches closer to financial ruin and a takeover...

Caesars reportedly considering $4b offers for Caesars Interactive Entertainment

Faced with the possibility of being forced into Chapter 11 bankruptcy, Caesars Entertainment Corp (NASDAQ: CZR) is considering selling its interactive unit, which is one of the company’s few...

Decision facing Supreme Court; asked to rule on Trump casino bankruptcy

Whether or not to restore the pension and health benefits of more than 1,000 casino workers at the Trump Taj Mahal in Atlantic City is the decision the...

Caesars’ casino REIT plan opposed by U.S. lawmakers

Treasury Secretary Jacob Lew was urged by U.S. Congress members to deny a favorable tax ruling to Caesars Entertainment Corp (NASDAQ: CZR) relating to the plan by the...

Caesars bankruptcy talks reach deadlock

A mediator brought in to negotiate talks between global casino operator Caesars Entertainment Corporation and second-lien creditors of its bankrupt operating arm has announced that the process is...

Owners of famed Cal Neva resort in Lake Tahoe file for...

After years of failed renovation efforts and bankruptcy problems, the owners of North Lake Tahoe’s most famed resort, Cal Neva Lodge & Casino, filed for bankruptcy on June...

Caesars wins temporary reprieve from creditors

A Chicago judge has granted global casino operator Caesars Entertainment Corporation a temporary reprieve from court actions brought by shareholders of its bankrupt operating arm. Las Vegas-based Caesars Entertainment...

Bahamian Government backs decision over liquidation of the Baha Mar Casino...

The Baha Mar Casino and Hotel was the biggest integrated casino resort to be developed in Nassau, Bahamas at an estimated $3.5 billion. The casino resort was initially...

Carl Icahn to Shutter Trump Taj Mahal after Labor Day

Just when gaming analysts were predicting that Atlantic City’s casino woes were witnessing a turn around, billionaire Carl Icahn has announced that he plans to shutdown the iconic...

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