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Stock Market & Financial Investment News

News For CZR;PENN From The Last 14 Days
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June 30, 2015
06:47 EDTCZRCaesar’s CEO Loveman: I faced ‘every imaginable human catastrophe,’ WSJ says
Caesar's CEO Gary Loveman defended his tenure with the company after its leveraged buyout in January 2012, saying that he faced “every imaginable human catastrophe” while on the job, including “floods, hurricanes, building collapses, murders,” the Wall Street Journal reports. “This job has made me numb,” Loveman said at a speech at Stanford University in 2012, the report says. Reference Link
June 26, 2015
09:32 EDTCZR, PENNNevada reports May Statewide gaming win up 3.33% to $1.0B
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June 24, 2015
09:13 EDTPENNPenn National’s Plainridge Park Casino debuts as Massachusetts’ first casino
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June 19, 2015
14:13 EDTCZRLeon Cooperman liquidates passive stake in Caesar's
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07:38 EDTPENNMacau official says monthly revenue could hit four year low, says Wells Fargo
Wells Fargo reports that a Macau official said that the region's gaming revenue may hit the lowest level in over four years this month. The official said that the region's June gambling revenue could be more than 20% below the average for the first five months of this year, the firm added. Wells says that Macau's gaming industry remains challenged, and it remains neutral on the sector. Publicly traded companies in the space include Las Vegas Sands (LVS), MGM Resorts (MGM), Wynn Resorts (WYNN), and Melco Crown (MPEL).
June 17, 2015
06:09 EDTPENNInternational Game provides Penn National with content, cabinets
International Game Technology (IGT) announced that it will provide Penn National (PENN) with a wide selection of new IGT content and cabinets, including more than 400 IGT games and the largest placements of the new IGT CrystalDual and S3000 cabinets at any location in the United States to date, for the new Plainridge Park Casino in Plainville, MA.
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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