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Stock Market & Financial Investment News

News Breaks
December 6, 2012
12:57 EDTCZRCaesar's Entertainment volatility elevated as shares trend higher
Caesar's Entertainment December call option implied volatility is at 93, January is at 79, March is at 71; above its 26-week average of 68 according to Track Data, suggesting larger near term price movement after the company received preliminary approval for its online poker license in Nevada, reports the WSJ.
News For CZR From The Last 14 Days
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June 26, 2015
09:32 EDTCZRNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 19, 2015
14:13 EDTCZRLeon Cooperman liquidates passive stake in Caesar's
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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.

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