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Stock Market & Financial Investment News

News Breaks
June 30, 2014
11:12 EDTCZRCaesar's unit CEOC amends previously announced cash tender offers
Earlier today, Caesars Entertainment Corporation announced that its subsidiary, Caesars Entertainment Operating Company, CEOC, has amended its previously announced cash tender offers to purchase any and all of the outstanding $791,767,000 aggregate principal amount of its 5.625% Senior Notes due 2015 and any and all of the outstanding $214,800,000 aggregate principal amount of its 10.00% Second-Priority Senior Secured Notes due 2015. CEOC is extending the previously announced early tender time, which was 5:00 p.m., New York City time, on June 27, to 5:00 p.m., New York City time, on July 7. The Issuer is also extending the previously announced expiration time, which was 5:00 p.m., New York City time, on June 27, to 5:00 p.m., New York City time, on July 7, 2014. All other terms of the tender offers remain unchanged. Accordingly, holders of Notes who validly tender their Notes before the Expiration Time will be eligible to receive the previously announced total consideration of $1,048.75 for each $1,000 principal amount of the 5.625% Notes and $1,022.50 for each $1,000 principal amount of the 10.00% Notes. Shares of Caesars Entertainment are up over 2% in late morning trading.
News For CZR From The Last 14 Days
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August 15, 2014
08:09 EDTCZRCaesar's bondholders see more bankruptcies if loyalty split okayed, NY Post says
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August 13, 2014
13:57 EDTCZRNJ reports Atlantic City July gaming win down 7.7% to $274.3M
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August 12, 2014
11:23 EDTCZRCaesar's secures consent to amend indentures for 2016, 2017 notes
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August 11, 2014
16:13 EDTCZRCaesar's reports Q2 EPS ($3.24), consensus ($1.19)
Reports Q2 revenue $2.19B, consensus $2.22B. The company said, "For the second quarter, our business demonstrated continued strength in Las Vegas driven in part by our hospitality investments, which was offset by the persistent softness in the regional markets and Atlantic City. The LINQ and High Roller are stimulating greater traffic to Caesars' affiliated properties in the vicinity and we are focused on maximizing their potential. As we look ahead, we are excited about further expanding and enhancing our network with the opening of Horseshoe Baltimore and the potential development of an integrated resort in South Korea. We believe the advances we are making across the enterprise coupled with ongoing capital structure initiatives aimed at reducing leverage at CEOC will produce a positive impact on our business."
15:32 EDTCZRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Ventas (VTR), consensus $1.09; Nuance Communications (NUAN), consensus 27c; Intercept Pharmaceuticals (ICPT), consensus (12c); Rackspace Hosting (RAX), consensus 16c; Opko Health (OPK), consensus (9c); Mindray Medical (MR), consensus 54c; Chimera Investment (CIM), consensus 9c; Globalstar (GSAT), one estimate (4c); 51job (JOBS), consensus 32c; Dealertrack Technologies (TRAK), consensus 373c; Caesars Entertainment (CZR), consensus ($1.19); Towerstream (TWER), consensus (10c); Resolute Energy (REN), consensus 1c; Forest Oil (FST), consensus (2c).
06:06 EDTCZRCaesar's Entertainment August volatility elevated into Q2
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August 10, 2014
18:51 EDTCZRCaesar's shares could rally with CEOC restructure, Barron's says
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August 8, 2014
06:13 EDTCZRCaesar's files complaint against investors for thwarting restructuring efforts
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August 7, 2014
10:51 EDTCZROptions with increasing implied volatility
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August 6, 2014
11:10 EDTCZROptions with increasing implied volatility
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