CEC Archives

New Jersey Casino Commission approves Caesars group restructuring plan

July 13, 2017

New Jersey’s Casino Control Commission has this week approved the restructuring proposal of Caesars Entertainment Operating Co (CEOC) unit presented under the bankruptcy plan of Caesars Entertainment. The plan will allow CEOC operated assets/properties to be placed under a newly-formed operating company in accordance with US Chapter 11 bankruptcy laws. Once the new company is formed, Caesars Entertainment governance will …

Mark Frissora pushes for Caesars global comeback

July 10, 2017

Mark Frissora ,CEO of Caesars Entertainment Corporation (CEC), is set to implement an aggressive global expansion strategy with CEC looking to grow its corporate assets ‘beyond gambling’. Last week, Frissora confirmed the appointment of two key executive hires, placing former Hard Rock International VP Marco Roca as new ‘President of Global Development’ and leisure sector M&A veteran Michael Daly as ‘VP …

Caesars appoints Jim Firth as Venue Director for EMEA properties

March 15, 2017

Caesars Entertainment Corporation (CEC) has confirmed the appointment of Jim Firth as its new Venue Director for EMEA properties. The appointment of Firth as European venue director will see him takeover immediate management of Caesars famous London Casino property ‘The Sportsman’ (Marylebone). Firth has over 25 years’ experience working in Casinos and the leisure industry. Prior to joining Caesars European …

Moving Forward…Caesars finally closes CEOC Chapter 11 proceedings

January 18, 2017

Caesars Entertainment Corporation (CEC) has been granted judicial clearance to restructure the $18 billion debt attached to bankrupt subsidiary Caesars Entertainment Operating Co (CEOC), allowing the company to close its US Chapter 11 court filing. Gaining approval from Chicago District Judge Benjamin Goldgar, CEC governance will now settle terms and payment structures with CEOC creditors who at the start of …

Potential end in sight for Caesars debt restructure

January 6, 2017

US business news sources have reported that the governance of Caesars Entertainment Corporation (CEC) are closing in on a final resolution with senior creditors relating to the $18 billion debt restructure of its ‘Caesars Entertainment Operating Company’ (CEOC). 90% of Caesars creditors are reported to have accepted terms relating to the CEOC debt reorganisation. Furthermore, debt stakeholders have chosen …

Gamblit launches eSports platform at G2E Las Vegas

September 26, 2016

California-based real-money games specialist Gamblit Gaming (Gamblit) seeks to enter the burgeoning eSports market by unveiling its dedicated platform ‘G-Sports’ at G2E Las Vegas, global gambling’s biggest trade show. Announcing its initial launch, the G-Sports platform will look to convert eSports content into popular slot-based games for its land-based partners. The platform sees Gamblit continue its corporate focus of making …

Caesars Entertainment keen on Toronto casino complex

August 22, 2016

Canadian business news sources have reported that Caesars Entertainment Corporation (CEC) is one of the bidding firms seeking to win the building rights for a casino complex in Toronto. CEC’s bid for a Toronto gaming complex, comes despite the company being embroiled in ongoing creditor disputes relating to subsidiary Caesars Entertainment Operating Company (CEOC) $18 billion debt. Nevertheless, CEC shareholders …

Shi Yuzhu led consortium eyes Caesars Interactive acquisition

July 22, 2016

Bloomberg Technology has reported that a Chinese consortium led by tech billionaire Shi Yuzhu (Founder of Giant Interactive Group) is in talks to acquire Caesars Interactive from Caesars Entertainment Corp (CEC). The Yuzhu-led group has entered negotiations with CEC governance following an auction process with CEC targeting a $4 billion valuation for its asset. Undisclosed deal insiders have stated that …

Caesars Entertainment secures new restructuring terms with majority debt holders

June 22, 2016

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. …

Caesars Entertainment gains lawsuit relief

June 16, 2016

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 …

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Tag Archives: CEC

New Jersey Casino Commission approves Caesars group restructuring plan

Mark Frissora pushes for Caesars global comeback

Caesars appoints Jim Firth as Venue Director for EMEA properties

Moving Forward…Caesars finally closes CEOC Chapter 11 proceedings

Potential end in sight for Caesars debt restructure

Gamblit launches eSports platform at G2E Las Vegas

Caesars Entertainment keen on Toronto casino complex

Shi Yuzhu led consortium eyes Caesars Interactive acquisition

Caesars Entertainment secures new restructuring terms with majority debt holders

Caesars Entertainment gains lawsuit relief

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