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Caesar's may face fines up to $5.1b

Discussion in 'Gaming & Casino Industry' started by VEGASBJ, Mar 16, 2016.

  1. VEGASBJ

    VEGASBJ
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    Shares of Caesars Entertainment Corp. tumbled on Wednesday after a court-ordered investigation found the casino company could face billions of dollars in potential damages related to the bankruptcy of its operating unit.

    Looks like they could face up to $5.1 billion since the court appointed investigator agreed that they were playing a shell game with their hotel assets.

    Full article here:
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  2. Malibugolfer

    Malibugolfer
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    Hmmmmm, that's after Caesars managed to have the hearing in the Chicago venue also.
    Shareholders eat it, as usual.
     
  3. Tellafriend

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    What they tried to do was fraudulent. You and I would be in jail.
     
  4. DannyOcean

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    And I'm going to guess that fine ends up with many, many zeroes slashed off it.
     
  5. Malibugolfer

    Malibugolfer
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    The audacious thing was their move was a patently obvious shell game.
    I wait to be very surprised if those who tried this move are even touched.
    The number of things I see done by those "too big" to really get hammered never continues to amaze.
    And my company has to watch its ass and hope I don't make the wrong enemy regardless.
     

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