Welcome to Vegas Boards!

The only Las Vegas Message Board and forum built by enthusiasts for enthusiasts.
Join today for free!

Caesars - just dessert?

Discussion in 'Gaming & Casino Industry' started by Tellafriend, Aug 26, 2016.

  1. Tellafriend

    Tellafriend
    Expand Collapse
    I am who I am; who else could I be?
    Founder's Club Silver Linker

    Joined:
    Feb 3, 2016
    Messages:
    1,533
    Likes Received:
    821
    Location:
    Living the Mlife
    Trips to Vegas:
    666
    US judge says Caesars must face bondholder suits worth $11 billion
    Reuters.com

    Friday, Aug. 26, 2016 | 3:15 p.m.

    Caesars Entertainment Corp. must face lawsuits from bondholders seeking some $11 billion in claims, a U.S. judge ruled Friday in a decision the casino company had warned could push it into bankruptcy alongside its operating unit.

    Caesars Entertainment Operating Co., which filed for Chapter 11 protection in January 2015, was asking for a third court shield from lawsuits against its parent to protect a multibillion-dollar contribution to its reorganization plan.
     
  2. Krh2o

    Krh2o
    Expand Collapse
    Junior Member
    Founder's Club

    Joined:
    Feb 6, 2016
    Messages:
    278
    Likes Received:
    101
    Location:
    Bay Area, CA
    Trips to Vegas:
    73
    Looks like their three card monty with the casinos didn't work.

    I wonder what this will mean for the planned big Flamingo renovation and some other casino room renovations.
     

Related Threads

Share This Page

Loading...