New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 18, 2014
06:19 EDTCZRCaesars consortium receives preliminary approval for resort in South Korea
Caesars Entertainment announced that LOCZ Korea Corporation, a joint venture between Caesars, Lippo Group and OUE Limited, has received preliminary approval from the South Korean Ministry of Culture, Sport and Tourism to include foreigner-only casino gaming in its planned integrated resort in Incheon, South Korea. The consortium hopes to open the Incheon integrated resort in time to welcome visitors arriving in Korea for the 2018 Olympics in Pyeongchang. Caesars may elect to include Caesars Growth Partners, LLC in the development of the project. Caesars Growth Partners is a joint venture between Caesars Entertainment and Caesars Acquisition Company. In such an event, Caesars anticipates that Caesars Growth Partners would make the capital investment associated with the project, with Caesars Entertainment acting as the operator and sharing in the management fee associated with the project.
News For CZR From The Last 14 Days
Check below for free stories on CZR the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 17, 2014
15:36 EDTCZRCaesar's senior lenders drawn into debt restructuring talks, Bloomberg says
Subscribe for More Information
September 12, 2014
14:07 EDTCZRNew Jersey reports August Atlantic City gaming win up 2.3% to $305M
New Jersey reports total Gaming Win from Atlantic City casino hotels and Internet gaming operations was $305M in August, compared to $298.1M in the same month of 2013 including discontinued operators Atlantic Club and Showboat, reflecting a 2.3% increase. Total Gaming Win from the current operators of casino hotels open for the entire month of August and Internet gaming operations was $289.9M in August. Internet gaming win was $10.5M in August, consisting of $2.2M in peer-to-peer win and $8.3M in other authorized games. As of August 31, 431,617 Internet gaming accounts have been created, up 6.5% from the 405,390 accounts as of July 31. 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).
September 8, 2014
15:59 EDTCZRCaesar's engages in talks with bondholders Pimco, Elliott, Bloomberg says
Caesars Entertainment will commence talks with at least five senior bondholders to restructure the $26.7B debt of its largest unit, Bloomberg reports, citing two people with knowledge of the discussions. The senior bondholders, including Pimco, Elliott management, BlackRock, Bridge Capital, and Beach Point, have agreed to enter confidentiality agreements with Caesar to begin formal talks, the sources added. Reference Link
15:00 EDTCZRCaesar's engages in talks with bondholders Pimco, Elliott, Bloomberg says
September 5, 2014
11:25 EDTCZRCaesar's in talks on potential sale of Showboat, AP reports
Latitude 360 CEO Brent Brown said he has been in talks with Caesars Entertainment to potentially purchase the former Showboat casino in Atlantic City after Atlantic Properties also publicly expressed interest, reported Associated Press. Reference Link

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