Welcome to Vegas Boards!

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

Caesar's may face fines up to $5.1b

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

  1. VEGASBJ

    VEGASBJ
    Expand Collapse
    Member
    Founder's Club Gold Linker

    Joined:
    Feb 2, 2016
    Messages:
    2,517
    Likes Received:
    1,152
    Location:
    Rolling Hardways!
    Trips to Vegas:
    257
    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:
    You must be a registered user with confirmed email address to view this content.
    Register or Login
     
  2. Malibugolfer

    Malibugolfer
    Expand Collapse
    "What doesn't kill you makes you strong."
    Founder's Club

    Joined:
    Feb 7, 2016
    Messages:
    635
    Likes Received:
    184
    Location:
    SoCal born and raised
    Trips to Vegas:
    100
    Hmmmmm, that's after Caesars managed to have the hearing in the Chicago venue also.
    Shareholders eat it, as usual.
     
  3. Tellafriend

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

    Joined:
    Feb 3, 2016
    Messages:
    1,532
    Likes Received:
    821
    Location:
    Living the Mlife
    Trips to Vegas:
    666
    What they tried to do was fraudulent. You and I would be in jail.
     
  4. DannyOcean

    DannyOcean
    Expand Collapse
    Opening the Champagne
    Founder's Club

    Joined:
    Feb 10, 2016
    Messages:
    1,131
    Likes Received:
    1,063
    Location:
    Houston
    Trips to Vegas:
    20
    And I'm going to guess that fine ends up with many, many zeroes slashed off it.
     
  5. wigwam_timeshares

    wigwam_timeshares
    Expand Collapse
    Junior Member
    Founder's Club

    Joined:
    Feb 9, 2016
    Messages:
    806
    Likes Received:
    179
    Good. Serves them right. It's one of the shadiest business moves I can recall seeing.
     
  6. Malibugolfer

    Malibugolfer
    Expand Collapse
    "What doesn't kill you makes you strong."
    Founder's Club

    Joined:
    Feb 7, 2016
    Messages:
    635
    Likes Received:
    184
    Location:
    SoCal born and raised
    Trips to Vegas:
    100
    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.
     

Share This Page

Loading...