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Stocks Caesars Entertainment Corp

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  • NEW YORK, Aug 27- Caesars Entertainment Corp on Thursday moved a step closer toward a possible trial with bondholders, as a Manhattan federal judge refused to hold the gaming company liable to help repay $7 billion of debt owed by its main operating unit. District Judge Shira Scheindlin rejected requests by bond trustees BOKF NA and UMB Bank NA that Caesars be...

  • ST. LOUIS, Aug 22- Caesars Entertainment Corp has agreed to pay $20 million to settle U.S charges over anti-money laundering lapses and will enter into a deferred prosecution agreement with the Justice Department, said a source familiar with the matter. A spokeswoman for Caesars did not immediately respond to a request for comment, nor did spokesmen for the...

  • UPDATE 1-Caesars faces bankruptcy after losing key ruling Wednesday, 22 Jul 2015 | 3:41 PM ET

    CHICAGO/ WILMINGTON, Del., July 22- Caesars Entertainment Corp may be closer to joining its operating unit in bankruptcy after a federal judge refused to protect the casino company from creditor lawsuits seeking up to $11 billion, sending its stock plummeting. Caesars and its private equity backers Apollo Global Management LLC and TPG Capital, said staying...

  • Caesars plunges as judge allows creditor suits Wednesday, 22 Jul 2015 | 3:08 PM ET
    Caesars Palace

    Caesars shares briefly plunged as low as 60 percent on Wednesday after a court ruling on creditor suits.

  • July 20- Caesars Entertainment Corp reached an agreement with its lenders late on Monday night, hours after a New York state court judge threw out a lawsuit by the casino company against a group of creditors known as the second-lien noteholders. Caesars Entertainment will contribute an additional $200 million of Caesars Entertainment convertible notes to...

  • Early movers: FDX, KYTH, HRC, PFE, LLY & more Wednesday, 17 Jun 2015 | 7:54 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by actual noteholders, which include the...

  • June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its controversial plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by the actual noteholders, which...

  • World Series of Poker finisher accused of cheating Tuesday, 9 Jun 2015 | 3:56 PM ET
    Casino gambling

    One of the top finishers at the World Series of Poker faces card-marking allegations.

  • CHICAGO, May 27- The operating unit of Caesars Entertainment Corp received court approval on Wednesday to remain in control of its bankruptcy for another six months. Bankruptcy Judge Benjamin Goldgar in Chicago allows the country's largest casino operator to pursue its plan for cutting its $18 billion debt without the threat of a rival plan from creditors.

  • ST LOUIS, May 22- A federal grand jury is probing a Los Angeles- area casino following allegations by state authorities the business allowed some players to evade transaction reporting requirements and possibly launder money, a source said. The grand jury is probing the operations of the Gardena- based Normandie Casino, the source said. Lauren Miller, general...

  • May 18- TPG Capital LP may have helped its own campaign to go public after pulling Par Pharmaceutical Holdings Inc's IPO. TPG was preparing to begin an IPO investor roadshow for Par Pharmaceutical Holdings before it agreed to sell the generics drugmaker to Endo International Plc for around $8 billion. Founded in 1992 by David Bonderman and James Coulter, San...

  • CHICAGO, April 29- A judge on Wednesday allowed the operating unit of Caesars Entertainment Corp to control its bankruptcy for another month, as creditors try to reach common ground with a court-appointed investigator probing the company's pre-bankruptcy dealings. An independent examiner has been tapped to investigate whether the company's equity...

  • ST. LOUIS, April 15- The U.S. Treasury Department's anti-money laundering unit may soon issue a civil penalty to Caesars Entertainment Corp over anti-money laundering lapses unearthed during a probe underway for roughly two years, two sources familiar with the matter. The sources added that the Justice Department, which had also been probing the casino...

  • US firms seek bankruptcy at fastest rate since 2010 Tuesday, 14 Apr 2015 | 7:53 PM ET

    The number of bankruptcies among publicly traded U.S. companies has climbed to the highest first-quarter level for five years.

  • WILMINGTON, Del, April 14- The number of bankruptcies among publicly traded U.S. companies has climbed to the highest first-quarter level for five years, according to a Reuters analysis of data from research firm bankruptcompanynews.com. The $34 billion in assets held by the 26 companies is the second highest for a first quarter in the past decade.

  • Traders try to get lucky in this casino stock Wednesday, 1 Apr 2015 | 11:18 AM ET
    Caesars Entertainment Corp.'s Caesars Palace in Las Vegas.

    Some traders are placing bets that Caesars Entertainment will go even higher.

  • Vegas casinos back to cashing in: Caesars CEO Sunday, 29 Mar 2015 | 11:00 AM ET
    Caesars Entertainment Corp.'s Caesars Palace casino stands in Las Vegas, Nevada.

    Las Vegas was hit hard by the recession, but things are looking up for the city's casinos, Caesars CEO Gary Loveman said to CNBC.

  • March 18- Casino company Caesars Entertainment Corp, whose operating unit is in bankruptcy, warned on Monday that the litigation stemming from its restructuring efforts could hamper its ability to continue operating as a going concern. Creditors have brought numerous lawsuits alleging fraud over transfers of assets out of the operating unit, Caesars...

  • March 12- A U.S. bankruptcy judge on Thursday ordered an independent examiner to investigate transactions by the operating unit of Caesars Entertainment Corp, which filed for Chapter 11 this year. Creditors have alleged that the operating unit is unable to pay its debts because the parent company looted it for the benefit of its controlling private equity...