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Stock Market & Financial Investment News

News Breaks
June 27, 2014
10:55 EDTCZRCaesar's to close Showboat Atlantic City, effective August 31
Caesars Entertainment Corporation announced it will close Showboat Atlantic City effective August 31. The difficult decision to close the property follows persistent declines in business levels in the area exacerbated by the high property-tax burden in Atlantic City. "While we regret the impact that this decision will have on our Showboat associates, we believe this is a necessary step to help stabilize our business in Atlantic City and support the viability of our remaining operations in the vicinity," said Gary Loveman, chairman and CEO of Caesars Entertainment. Caesars Entertainment is offering assistance to Showboat employees displaced by this decision, including providing preference for available positions at the three remaining Caesars-affiliated Atlantic City properties as well as sister properties in the region and across the enterprise and other transitional resources. Caesars remains the largest operator in Atlantic City and will continue efforts already underway to help revitalize and transform the area. Showboat will remain fully operational until its closure and will honor all room reservations and events until that time. Customers with reservations after August 31 will receive assistance in finding alternate accommodations.
News For CZR From The Last 14 Days
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January 30, 2015
09:33 EDTCZRNevada reports December Statewide gaming win down 8.1% to $950.69M
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January 29, 2015
09:23 EDTCZRSenate Health, Education, Labor & Pensions Committee to hold a hearing
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January 28, 2015
11:36 EDTCZRCaesar's unit bankruptcy proceedings to be heard in Chicago, Bloomberg says
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11:19 EDTCZRCaesar's up over 4% after venue win for unit bankrutcy
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11:10 EDTCZRCaesar's wins venue fight for casino unit bankruptcy, Dow Jones says
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January 26, 2015
17:20 EDTCZRCaesar's: CEOC announces expiration of consent period for Bank RSA
On January 26, CEOC announced the expiration of the process for seeking consents from lenders under CEOCís credit agreement to support restructuring of CEOCís outstanding obligations and liabilities, which included consenting to the form of Restructuring Support and Forbearance Agreement that was provided to the lenders. The consent period for the Bank RSA expired at 5:00 p.m., New York City time, on January 26, and the Bank RSA has not become effective per its terms. The expiration of the consent period for the Bank RSA does not affect the Third Amended and Restated Restructuring Support and Forbearance Agreement, dated as of January 14, among CEC, CEOC and holders of claims in respect of CEOCís first lien notes, which remains in effect since becoming effective per its terms on January 9, 2015, as previously disclosed by CECís and CEOCís Current Reports on Form 8-K filed with the Securities and Exchange Commission on January 9.
January 25, 2015
15:40 EDTCZRCaesar's sued for attempting to buy bank lendersí votes, Bloomberg says
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January 22, 2015
10:35 EDTCZROptions with decreasing implied volatility
Options with decreasing implied volatility: CZR ACHN NFLX SN NBR TLM CREE BBY LNCO BBRY

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