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Caesars Entertainment Corp

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  • ATLANTIC CITY, N.J.— Here's another sign of how concerned Stockton University is about its unsuccessful effort to convert a former casino into a satellite campus: It is writing to 2,200 prospective students assuring them the failed deal won't adversely affect tuition rates or housing availability. "A few months ago, when Stockton University purchased the...

  • 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...

  • ATLANTIC CITY, N.J.— The crucial summer season will start with three Atlantic City casinos in bankruptcy and one beset by regular pickets and protests. Union members picketed Thursday evening outside the Trump Taj Mahal, in their seventh protest against the casino or soon-to-be-owner Carl Icahn over health insurance and pension benefits canceled by a...

  • Stockton head passes on Maine job to unravel Showboat mess Wednesday, 20 May 2015 | 10:57 AM ET

    ATLANTIC CITY, N.J.— The acting president of Stockton University is giving up a university presidency in Maine to help unravel the New Jersey school's stalled deal to convert a former Atlantic City casino into a satellite campus. Harvey Kesselman was named acting president on April 28, with the understanding he would leave Stockton to become president of the...

  • 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...

  • 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.

  • 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...

  • Early movers: PCYC, COST, MCD, AAPL & more Thursday, 5 Mar 2015 | 7:50 AM ET
    Traders work on the floor of the New York Stock Exchange.

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

  • March 3- The operating unit of casino company Caesars Entertainment Corp unveiled its plan to cut $10 billion of debt and to exit Chapter 11 in a late Monday filing with a U.S. Bankruptcy Court. Bankruptcy Judge Benjamin Goldgar in Chicago and creditors, a process that can easily take a year. The plan was filed on Monday when the parent company Caesars...

  • Caesars' operating unit files bankruptcy exit plan Tuesday, 3 Mar 2015 | 12:20 PM ET

    March 3- The operating unit of casino company Caesars Entertainment Corp unveiled its plan to cut $10 billion of debt and to exit Chapter 11 in a late Monday filing with a U.S. Bankruptcy Court. Bankruptcy Judge Benjamin Goldgar in Chicago and creditors, a process that can easily take a year or more. The plan was filed on Monday when the parent company Caesars...

  • After-hours buzz: Caesars, Palo Alto, Mylan & more Monday, 2 Mar 2015 | 5:20 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Check out which companies are making headlines after the bell Monday: Caesars, Palo Alto, Mylan & more.

  • Three trades to go before the closing bell Wednesday, 25 Feb 2015 | 1:10 PM ET

    The "Halftime Report" traders give their final trades of the show.

  • Early movers: HSP, LB, SIRI, YUM, CME & more Thursday, 5 Feb 2015 | 7:49 AM ET
    NYSE New York Stock Exchange traders markets

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

  • Treasury and a federal grand jury over alleged failures to comply with anti-money laundering law, has hired away Wal-Mart Stores Inc's top expert. "We are very confident AML experience with Wal-Mart qualifies him for his new role with us." The Las Vegas- based company's decision to hire a high-profile, outside anti-money laundering expert, instead of promoting...

  • Atlantic City to investors: Gamble on our bonds Sunday, 1 Feb 2015 | 11:59 AM ET
    A sign marks the Trump Taj Mahal Hotel and Casino in Atlantic City.

    Atlantic City is engaging in another type of gamble: convincing investors to buy its junk-rated bonds.

  • Jan 28- The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the case in Delaware. Bankruptcy Judge in Delaware sent shares of parent company Caesars Entertainment, which is controlled by Apollo Global Management and...