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Tag Archives: Caesars.Entertainment
As The Caesars Turns, Episode 2
Caesars Entertainment Operating Company (CEOC) today announced that they reached a restructuring agreement with its major creditors. The deal will likely allow CEOC to emerge from bankruptcy early in 2017. The settlement must be finalized and will require approval of … Continue reading
As the Caesars Turns
There have been more developments in the Caesars bankruptcy. First, Caesars Entertainment said it is offering an additional $1.6 billion for junior creditors of Caesars Entertainment Operating Company (CEOC) in the contentious bankruptcy. The stock market reacted favorably to the … Continue reading
Caesars Gets Another Month
Caesars Entertainment Operating Company (CEOC) appealed Judge Goldgar’s decision to US District Court (decisions in a bankruptcy court get appealed to the District Court). Judge Robert Gettleman gave Caesars until October 5th; Judge Gettleman will hold a hearing in Chicago … Continue reading
Fail, Caesar: The Bankruptcy May Grow
On Friday, Bankruptcy Judge Benjamin Goldgar ruled that an injunction against $11 billion in lawsuits over how Caesars split itself into various units will be allowed to expire on Monday, August 29th. Given that the first of several court rulings … Continue reading
Posted in Gambling
Tagged Caesars.Entertainment
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Fail, Caesar! A July Update
Since I last reported on the bankruptcy of Caesars Entertainment Operating Company (CEOC) there has been some news: 1. The junior creditors appear to be no closer to agreeing with the senior creditors on a restructuring of CEOC. The latest … Continue reading
Caesars Bankruptcy: An Update
When last we left the bankruptcy of Caesars Entertainment Operating Company (CEOC) (nearly four months ago), a complete reorganization wasn’t ruled out but Caesars was still in control of the bankruptcy. Over the last four months: In mid-March, a bankruptcy … Continue reading
Fail, Caesar! An Update
It’s been just over a year since Caesars Entertainment Operating Company (CEOC) declared bankruptcy. If Caesars Management was hoping that the court-appointed examiner would be giving them good news, and that the company would be coming out of bankruptcy unscathed, … Continue reading
Fail, Caesar! Update
Yesterday US Bankruptcy Judge Benjamin Goldgar ruled that various lawsuits against Caesars Entertainment can go forward. Caesars Entertainment Operating Company (CEOC) is already in bankruptcy; this ruling increases the chances that Caesars Entertainment Corporation (CEC) follows CEOC into Chapter 11. … Continue reading
Fail, Caesar!
Last week Caesars Entertainment Operating Company (CEOC) filed for Chapter 11 bankruptcy in Chicago. One week ago, second-tier bondholders filed an involuntary bankruptcy petition in Delaware. A company can only be in one bankruptcy court, so there’s an obvious issue: … Continue reading
Who Gets the Charitable Donation for the WSOP’s One Drop Events?
At this year’s World Series of Poker, there are two events where money is donated to the One Drop Foundation: the high rollers event with a $111,111 buy-in (won by Tony Gregg for $4.8 million over the weekend), and the … Continue reading
Posted in Gambling
Tagged Caesars.Entertainment, WSOP
Comments Off on Who Gets the Charitable Donation for the WSOP’s One Drop Events?