Tag Archives: caesars

The ongoing restructure of Caesars Entertainment Operating Company (CEOC) $18 billion bankruptcy has been hit with a further setback, following the communication that its mediator has abruptly stepped down from proceedings. On Friday a Chicago US bankruptcy court filing informed stakeholders that Judge Joseph Farnan who was appointed in March to arbitrate negotiations between CEOC and its creditors had chosen …

Updating the market, Caesars Entertainment Corporation (CEC) has announced that it has settled one of several bondholder lawsuits filed against debt holding subsidiary Caesars Entertainment Operating Company (CEOC). Filing a Securities and Exchange Commission notice on Wednesday, CEC governance detailed that it had settled with creditor Frederick Barton Danner a 6.5% bondholder in CEOC notes. Danner representatives have confirmed that they …

Updating the market Caesars Entertainment Corporation (CEC) has announced that it has agreed on terms with creditors to amend restructuring agreements for  its bankrupt operating division ‘Caesars Entertainment Operating Co’ (COEC). Issuing a filing with the Securities and Exchange Commission, CEC governance declared that it had reached an agreement with first lien creditors representing approximately two-thirds of aggregated COEC debt. …

NYX Gaming Group, the expanding content and technology supplier to the gambling industry, has entered into an agreement to expand its partnership with Caesars Interactive Entertainment, Inc. (CIE) to re-launch the CaesarsCasino.com brand on NYX’s market leading Open Platform System (OPS) in New Jersey. By using the Open Platform System, NYX claims that CaesarsCasino.com will elevate its player marketing and loyalty services …

Embattled Caesars Entertainment Corporation (CEC) has been granted a temporary reprieve by Chicago bankruptcy Judge A. Benjamin Goldgar, who has halted bondholder legal proceedings against the company. Judge Goldgar, heard the plea of Caesars bankrupt unit ‘Caesars Entertainment Operating Co’ (COEC) which stated that lawsuits seeking $11 billion compensation against CEC would finish any chance of the company restructuring its …

Embattled Caesars Entertainment Corporation (Caesars Entertainment) has confirmed the appointment of the Honourable Robert E. Gerber as Chief Restructuring Officer (CRO) Gerber a New York Bankruptcy Court Judge has been appointed on the recommendation of Caesars Entertainment’s special strategic committee. Updating the market, Caesars Entertainment detailed that Gerber would be advising the company on corporate restructuring initiatives, debt obligations and …

Horseracing and the government has been warned that the current level of Horseracing Levy being paid by betting shops is unsustainable and will need to be lowered if the sport is going to thrive in betting shops. Speaking at the Association of British Bookmakers AGM in London yesterday, Paul Darling QC underlined the fact that betting shop operators are paying …

Embattled US gambling operator Caesars Entertainment Corp, has confirmed the appointment of Mark Frissora as CEO, replacing 12 year leader Gary Loveman, who has taken the position of company chairman. Frissora who joined the corporation as a broad member in February from car rental operator Hertz Global, has been preparing for the transition by visiting Caesars US properties and researching …

SBC affiliate correspondent Marc Pedersen reports from the iGaming North America show at Planet Hollywood in Las Vegas. I’ve only been out at the iGaming North America conference for one day, but already I’m getting a good feel for how the market is setting itself with regards to the opening up on online gaming. While there is lots of media …