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Stock Market & Financial Investment News

News Breaks
November 24, 2012
09:29 EDTCZRAtlantic City losing out to neighboring casinos, Barron's says
Revenues at Atlantic City casinos were down for a sixth straight year before Hurricane Sandy hit as new gaming destinations were built in Pennsylvania and New York, Barron's contends. Caesar's Entertainment (CZR), which owns four properties in the region, has seen its cash flow steadily decline in recent years and has $22B of debt from a 2008 leveraged buyout, the paper adds. Reference Link
News For CZR From The Last 14 Days
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December 19, 2014
15:55 EDTCZRCaesar's reports CEOC reaches pact with first lien noteholders on restructuring
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15:52 EDTCZRCaesar's confirms CEOC expects to file Chapter 11 bankruptcy in January
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15:51 EDTCZRCaesar's reports CEOC reaches pact with first lien noteholders on restructuring
December 18, 2014
11:08 EDTCZROptions with increasing implied volatility
Options with increasing implied volatility: CZR RSX HLF YPF ARCP MGM A MCD
December 17, 2014
14:52 EDTCZREmpire Resorts among three selected for New York casino projects
New York selected three casino projects to advance in its upstate region: Montreign, which was proposed by Empire Resorts (NYNY), Rivers Casino, which was proposed by an affiliate of Rush Street Gaming, and Lago Resort, which was proposed by Wilmorite. Churchill Downs (CHDN), which proposed The Casino at East Greenbush, and Caesar's (CZR), which proposed Caesars New York in Woodbury, were not selected by the board. Shares of Empire Resorts were volatile in afternoon trading after the New York State Gaming Commission made its announcements during a gaming facility location board meeting.
12:58 EDTCZRLeon Cooperman reports 5.41% passive stake in Caesar's
December 16, 2014
11:02 EDTCZROptions with increasing implied volatility
Options with increasing implied volatility: UVXY LNCO CZR LINE RSX BPEP CX VIX VXX SVXY
December 15, 2014
17:38 EDTCZRCaesar's: CEOC elected not to pay certain interest payments
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13:41 EDTCZRCaesar's to skip $225M junior bondholder payment, Bloomberg reports
Caesars Entertainment plans to skip a $225M interest payment to junior creditors of its biggest unit, Caesars Entertainment Operating Co., which will start the clock on a 30-day grace period as the company continues debt restructuring talks with its senior bondholders, according to Bloomberg, citing two people with knowledge of the matter. Reference Link
13:31 EDTCZRCaesar's said to plan to skip junior bond payment, Bloomberg reports
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10:36 EDTCZROptions with increasing implied volatility
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December 12, 2014
16:19 EDTCZROn The Fly: Closing Wrap
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14:04 EDTCZRAtlantic City reports November gaming win down 10.3% to $202.5M
New Jersey reported total Atlantic City gaming win from current operators for the month of November was $202.5M, compared to the $181.7M for November 2013, reflecting an 11.5% increase. Total gaming win from the industry including discontinued operators reflects a 10.3% decrease compared to $225.7M in November 2013. As of November 30, 506,172 Internet gaming accounts have been created, up 5.7% from the 479,073 accounts as of October 31. For the month, Internet Gaming Win including discontinued operators was $8.7M. Publicly traded companies in the space include Boyd Gaming (BYD), Caesar's (CZR), Las Vegas Sands (LVS), MGM Resorts (MGM), Penn National (PENN) and Wynn Resorts (WYNN).
12:05 EDTCZROptions with increasing implied volatility
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08:54 EDTCZRCaesar's closer to bankruptcy for CEOC after bondholder pact, WSJ says
Caesars Entertainment has struck a tentative deal with senior bondholders on a debt-restructuring plan that would put Caesars Entertainment Operating Co. into bankruptcy protection and convert it into a REIT, said The Wall Street Journal, citing people familiar with the matter. The report noted that the company still needs to agree to terms with creditors who hold CEOC's senior loans. Reference Link
December 11, 2014
05:44 EDTCZRStocks with implied volatility movement; CZR CVX
Stocks with implied volatility movement; Caesar's (CZR) 126, Chevron (CVX) 33 according to iVolatility.
December 7, 2014
18:15 EDTCZRCaesar's REIT plan faces creditor resistance, WSJ says
Caesar's plan to convert its largest unit into a real-estate investment trust or REIT is facing some objections from creditors, muddling the casino operators ambition of reducing the unitís $18.4B debt, says the Wall Street Journal. Reference Link

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