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Stock Market & Financial Investment News

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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.
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July 29, 2014
14:38 EDTCZRCaesar's Entertainment August volatility elevated into Q2
Caesar's Entertainment August weekly call option implied volatility is at 62, August is at 55, September is at 49, December is at 48; compared to its 26-week average of 53 according to Track Data, suggesting large near term price movement into the expected release of Q2 results.
July 25, 2014
09:32 EDTCZRNevada reports June statewide gaming win up 14.4% to $906.9M
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