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Stock Market & Financial Investment News

News Breaks
June 30, 2014
13:17 EDTCACQ, CZRCaesars submits application to develop Caesars New York
Caesars Acquisition (CACQ) and Caesars Entertainment (CZR) announced the proposed development of Caesars New York, an $880M luxury casino resort in Woodbury, New York. Caesars Acquisition, through its subsidiary, Caesars Growth Partners, submitted its application to the New York State Gaming Facility Location Board for a gaming license, which will be managed and operated by Caesars Entertainment and its affiliates. The application details plans for the resort and presents information about Caesars' operations and history. The resort is projected to attract more than 10 million visitors a year. Caesars New York will work closely with other businesses in the State to maximize the economic development opportunity in the region. Based on current estimates, Caesars projects an estimated total of $230M in anticipated annual tax revenues with $29M annually going to the local community and $10M to Orange County. The project is anticipated to create approximately 4,500 direct jobs including 1,500 construction jobs and approximately 3,000 permanent, well-paying, mostly union jobs. Caesars has entered into a neutrality agreement with the New York Hotel Trades Council and a project labor agreement with the Hudson Valley Building Trades Council with regard to the operation and construction of the proposed resort. In its application, Caesars has outlined a plan to open the resort approximately 24 months after receiving necessary permits and approvals.
News For CACQ;CZR From The Last 14 Days
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October 23, 2014
14:29 EDTCZRCaesar's weekly volatility elevated into Q3 and outlook
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October 22, 2014
07:16 EDTCZRCaesar's wants to build $1B casino-resort in Phillipines, Bloomberg reports
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October 21, 2014
11:30 EDTCZROptions with decreasing implied volatility
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October 17, 2014
08:00 EDTCZRCaesar's prepared to begin formal discussions with certain bank debt creditors
Caesars and its subsidiary Caesars Entertainment Operating Company announced that they have executed non-disclosure agreements with certain beneficial holders of debt issued by CEOC, including senior secured term loans, pursuant to the third amended and restated credit agreement, dated as of July 25, 2014, enabling the commencement of formal discussions with the Bank Lenders.
October 15, 2014
14:10 EDTCZRPennsylvania reports September gaming revenue down 2.2% to $239.5M
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14:06 EDTCZRAtlantic City reports September gaming win down 12.8% to $209.4M
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October 14, 2014
11:28 EDTCZROptions with increasing implied volatility
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October 13, 2014
12:33 EDTCZROptions with increasing implied volatility
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