New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 26, 2014
13:20 EDTCACQ, CZRCaesar's says will defend against insolvency allegations made against CEOC
Caesar's (CZR) disclosed in a regulatory filing that on March 21, the company along with Caesars Entertainment Operating Company, or CEOC, Caesars Entertainment Resort Properties, Caesars Acquisition (CACQ) and Caesars Growth Partners received a letter from a law firm acting on behalf of unnamed clients who claim to hold Second-Priority Secured Notes of CEOC, alleging, among other things, that CEOC is insolvent and that CEOCís owners improperly transferred or seek to transfer valuable assets of CEOC to affiliated entities. Caesar's stated: "CEC strongly believes there is no merit to the Letterís allegations and will defend itself vigorously and seek appropriate relief should any action be brought. If a court were to order rescission of the 2013 Transactions or enjoin consummation of the Contemplated Transaction that could cause CEOC, CERP and Planet Hollywood to default under existing debt agreements, and there can be no assurance that CEOCís, CERPís or Planet Hollywoodís assets would be sufficient to repay the applicable debt. In addition, if the Contemplated Transaction were consummated and a court were to find that those transfers were improper, that could trigger a default under the debt that Caesars Growth Partners is contemplating raising to finance such transfers. These consequences could have a material adverse effect on CECís business, financial condition, results of operations and prospects."
News For CZR;CACQ From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
November 19, 2014
18:22 EDTCZROn The Fly: After Hours Movers
Subscribe for More Information
17:32 EDTCZRCaesar's made REIT proposal on Oct. 28, says proposal 'outdated'
Subscribe for More Information
17:05 EDTCZRCaesar's up 17.3% after Bloomberg report of turning operating unit into REIT
17:03 EDTCZRCaesar's to turn operating unit into REIT, Bloomberg reports
Subscribe for More Information
November 18, 2014
10:20 EDTCZROptions with decreasing implied volatility
Subscribe for More Information
November 17, 2014
12:03 EDTCZROptions with decreasing implied volatility
Subscribe for More Information
05:54 EDTCZRStocks with implied volatility movement; BHI CZR
Subscribe for More Information
November 14, 2014
13:40 EDTCZRCaesar's says 'substantial doubt' exists on CEOC continuing as going concern
Subscribe for More Information
November 13, 2014
14:05 EDTCZRNew Jersey reports Atlantic City gaming win down 4.4% to $207.23M
Subscribe for More Information
November 12, 2014
10:34 EDTCZROptions with decreasing implied volatility
Options with decreasing implied volatility: RMTI RPRX KATE PNK CZR KING TSLA UBNT LOCO GNRC
10:07 EDTCZRHigh option volume stocks: DDS FOSL ZTS CMA CLVS CZR
Subscribe for More Information
November 11, 2014
17:50 EDTCZRCaesar's works out debt restructuring with senior creditors, Bloomberg says
Subscribe for More Information
10:39 EDTCZROptions with decreasing implied volatility
Subscribe for More Information
November 10, 2014
18:32 EDTCZROn The Fly: After Hours Movers
Subscribe for More Information
16:11 EDTCZRCaesar's says acting to reduce expenses, increase EBITDA
Subscribe for More Information
16:09 EDTCZRCaesar's reports Q3 EPS ($6.29), consensus ($1.47)
Subscribe for More Information
16:06 EDTCZRCaesar's announces retirement of CFO Colvin, Hession appointed successor
Caesars Entertainment announced the appointment of Eric Hession, the company's senior vice president and treasurer, as Chief Financial Officer, effective January 1, 2015. Hession will succeed Donald Colvin, who is retiring from the company effective December 31. Hession's appointment is subject to regulatory approval. "Colvin's departure from the company is unrelated to the company's financial condition or financial reporting. There is no disagreement between Colvin and the company," Caesars stated.
15:26 EDTCZRNotable companies reporting after market close
Subscribe for More Information
10:09 EDTCZROptions with increasing implied volatility: CZR IGT CMCSA TWC
Subscribe for More Information
November 7, 2014
11:04 EDTCZROptions with increasing implied volatility: CZR GNW LE KMI
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use