New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 5, 2014
11:03 EDTCACQ, CZRBondholder group sues Caesars over money transfers, WSJ says
A group of Caesars Entertainment bond holders filed a lawsuit against the company claiming that Caesars transferred money between entities to protect its "good" assets from the claims of creditors, says the Wall Street Journal. Reference Link
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.
June 30, 2015
06:47 EDTCZRCaesar’s CEO Loveman: I faced ‘every imaginable human catastrophe,’ WSJ says
Caesar's CEO Gary Loveman defended his tenure with the company after its leveraged buyout in January 2012, saying that he faced “every imaginable human catastrophe” while on the job, including “floods, hurricanes, building collapses, murders,” the Wall Street Journal reports. “This job has made me numb,” Loveman said at a speech at Stanford University in 2012, the report says. Reference Link
June 26, 2015
09:32 EDTCZRNevada reports May Statewide gaming win up 3.33% to $1.0B
Subscribe for More Information
June 19, 2015
14:13 EDTCZRLeon Cooperman liquidates passive stake in Caesar's
Subscribe for More Information
June 16, 2015
16:42 EDTCZRCaesar's responds to lawsuit by trustee for CEOC first-lien noteholders
Caesars Entertainment responded to a suit filed by UMB Bank, the trustee for holders of first lien notes issued by Caesars Entertainment Operating Company, or CEOC. CEC believes that UMB's claim that CEC is obligated to guarantee the first lien notes is without merit. CEC has, however, confirmed at the request of certain of the first lien creditors who are party to the Restructuring Support Agreement, or RSA, that the filing of the UMB Bank lawsuit does not violate the RSA, which remains in force. CEOC is seeking an injunction in the bankruptcy court restraining prosecution of litigation commenced by other CEOC creditors who contend that CEC is required to guarantee CEOC debt. UMB Bank has agreed that it will be bound by the bankruptcy court's decision to the same extent as if CEOC had requested injunctive relief with respect to the UMB lawsuit.

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