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...

Apollo, TPG agree deal with Caesars for restructuring; Insulates top execs

The two top-tier creditors agreed Tuesday to Caesars Entertainment Corporation’s (CEC) terms to restructure the company’s debt, leaving about US$1 billion on the table in exchange for...

Polish subsidiary of Olympic Entertainment Group files for bankruptcy

Eastern European casino operator Olympic Entertainment Group has announced that its Polish subsidiary has filed for bankruptcy protections following a late-September decision from the Finance Ministry not to...

Prime Minister Christie Says EXIM Bank has signed agreement to complete...

Bahamian Prime Minister Perry Christie and his administration had been under tremendous pressure for not being able to complete the stalled $3.5 billion Baha Mar Casino Resort. Christie...

Reminder for PKR.com customers: PokerStars has your back

Players who found their funds locked up in administration when PKR.com went bust can get their money from PokerStars. In early May the pioneering PKR.com was removed from Microgaming’s...

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...

Caesars offers junior creditors another $1.6b

Caesars Entertainment has updated its initial offer to junior bondholders for another $1.6 billion. With the latest addition to the initial $4 billion, the offer goes over $5...

Idaho horse racing on the rocks, racing commission with no spending...

A legislative audit earlier this week stated that the Idaho Racing Commission ran afoul of the law when it disbursed funds from the now shuttered Les Bois Park’s...

Macau junket promoter declared bankrupt

In September, beleaguered Macau junket investor Iao Kun closed three VIP rooms in the special administrative region. Two of the rooms were located on Galaxy Entertainment Group (GEG)...

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...

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