January 16, 2015
Caesars Entertainment Corp has filed for Chapter 11 bankruptcy protection in Chicago this Thursday as the operator looks to cut creditor debt for its Caesars Entertainment Operating CO division which operates Caesars’ 50 casino and leisure properties worldwide. US news reports have stated that the gambling operator seeks to reduce its debt from $18.4 billion to $8.6 billion. The casino operator …
Read More »November 14, 2014
Casino and leisure operator Caesars Entertainment has entered talks with creditors to create a financial restructuring plan in order to ease its debt burdens which exceed $24 billion (£15.4 billion). In its last quarter financial earnings report the casino operator recorded net losses of $900 million (£570 million), even though it had managed to grow revenues 6% to $2.21 billion. …
Read More »July 18, 2014
Caesars Entertainment UK has re-launched its Player Rewards loyalty programme and partnered with Gaming Rewards to create a new and exciting range of rewards for their UK customers. Featuring a mix of physical and digital rewards, the catalogue is designed to appeal to players of all levels. The agreement is for a multi phased programme that will continue to develop …
Read More »July 1, 2014
The historic gambling city of New Jersey, Atlantic City, is in crisis. It seems it’s biggest draw; it’s casinos, have reached a point of saturation. Of the twelve that were open at the start of 2014, it looks likely that only nine will remain by September. Caesars Entertainment, which has bemoaned the fact that there are too many casinos in …
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