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Caesars Entertainment Corp

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  • Nasdaq stocks posting largest percentage increases Monday, 22 Dec 2014 | 1:22 PM ET

    Radius Health Inc. rose 31.4 percent to $42.09. Advaxis Inc. rose 30.7 percent to $7.33. Herzfeld Caribbean Basin Fund rose 20.5 percent to $14.07.

  • Gilead falls as Express Scripts picks AbbVie treatment. Express Scripts, the nation's largest pharmacy benefit manager, said it would no longer cover Gilead's treatments after it lined up a cheaper price from AbbVie Inc for its newly approved hepatitis C treatment. "That is very specific to Gilead, so that one is getting crushed, but it shouldn't necessarily set...

  • *Gilead falls as Express Scripts picks AbbVie treatment. NEW YORK, Dec 22- U.S. stocks were modestly higher on Monday, after the benchmark S&P 500 notched its best weekly performance in nearly two months, as a sharp drop in Gilead Sciences reined in broader gains. Express Scripts, the nation's largest pharmacy benefit manager, has lined up a cheaper price from AbbVie...

  • *Gilead falls as Express Scripts picks AbbVie treatment. Brent last traded down 26 cents at $61.12 while U.S. crude was last off 0.6 percent at $56.77 after Saudi Arabia indicated it could increase its output. "Oil is in the process of bottoming out here," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York.

  • *Gilead falls as Express Scripts chooses AbbVie treatment. NEW YORK, Dec 22- U.S. stock index futures advanced on Monday, after the S&P 500 notched its best weekly performance in almost two months, ahead of data on the housing market. Brent last traded down 21 cents at $61.17 while U.S. crude was last off 0.7 percent at $56.74 after Saudi Arabia indicated it could...

  • Dec 19- Caesars Entertainment Operating Co, the main operating unit of Caesars Entertainment Corp, said it would file for Chapter 11 bankruptcy protection by mid-next month to cut its burgeoning debt. Other units, including Caesars Entertainment, Caesars Entertainment Resort Properties and Caesars Growth Partners, will not be part of the court-supervised...

  • Dec 19- Caesars Entertainment Operating Co, the main operating unit of Caesars Entertainment Corp, said it would file for Chapter 11 bankruptcy protection by mid-next month as it tries to cut its burgeoning debt.

  • Judge to rule on FBI ruse in case against Malaysians Thursday, 18 Dec 2014 | 1:43 PM ET

    LAS VEGAS— A federal judge said Thursday she'll rule soon on whether the FBI improperly entered suites at a Las Vegas Strip casino without a warrant during a probe of what prosecutors say was illegal gambling involving a Malaysian businessman and his son. They also didn't have the permission of Caesars Palace employees, although a casino technical contractor...

  • Recommended and rejected New York casino proposals Wednesday, 17 Dec 2014 | 2:05 AM ET

    ALBANY, N.Y.— New York state has authorized up to four casino licenses to be divided among three regions: the Albany- Saratoga area, the Southern Tier-Finger Lakes region and the Catskills and mid- Hudson River Valley. —Sterling Forest Resort, Orange County. Location: Tuxedo in Orange County, which applicant boasts is 35 miles from the George Washington Bridge.

  • Caesars skips bond payment as default looms Tuesday, 16 Dec 2014 | 7:51 AM ET

    NEW YORK, Dec 16- The operating subsidiary of gaming giant Caesars has inched closer to default after skipping a US $225 m coupon payment Monday on its second-lien bonds. Caesars Entertainment Operating Co, the main operating subsidiary of Caesars Entertainment Corp, did not make the payment due on the 10 percent bonds maturing 2028.. It has a 30- day grace period...

  • College finalizes purchase of ex-Showboat casino Friday, 12 Dec 2014 | 5:53 PM ET

    ATLANTIC CITY, N.J.— A southern New Jersey college finalized its purchase of the former Showboat Casino Hotel in Atlantic City on Friday. "Our roots officially began at the former Mayflower Hotel in Atlantic City, and as our campus has expanded, so has our mission to provide higher education, research and community partnerships that enhance the region and state,"...

  • Nasdaq stocks posting largest percentage decreases Friday, 12 Dec 2014 | 1:18 PM ET

    Sonic Foundry Inc. fell 21.4 percent to $7.95. Optibase Ltd. fell 11.9 percent to $7.23. National Research Corp. class B fell 11.6 percent to $34.06.

  • Golden Nugget to sue over casino tax aid plan Thursday, 11 Dec 2014 | 8:36 PM ET

    The Golden Nugget said Thursday its calculations of the amount each casino would pay under a proposed payment in lieu of taxes drastically raises taxes for it, Resorts and Bally's— three of the city's smaller casinos— while giving huge tax breaks to big casinos owned or soon to be owned by billionaire Carl Icahn and gambling giant Caesars Entertainment.

  • Dec 11- Caesars Entertainment Corp has reached a tentative deal with senior bondholders over a debt restructuring plan for its largest unit, Caesars Entertainment Operating Co, the Wall Street Journal reported, citing people familiar with the matter. The unit has about $18.4 billion in debt, mostly held by hedge funds that buy up debt of troubled companies,...

  • Dec 10- The new proposed buyer for the shuttered Revel Casino Hotel said Wednesday that he will not give up his legal challenge to the auction of the Atlantic City, New Jersey, complex even though the winning bidder walked away from the deal. Revel filed papers overnight seeking approval to terminate its deal with Brookfield Property Partners LP and schedule a...

  • WASHINGTON, Dec 4- Under pressure from the federal government, the trade group for the U.S. casino industry has released the first ever set of best practices aimed at helping the industry police itself for money laundering activity. "For a number of years, individual properties and companies within the casino industry have made anti-money laundering...

  • WASHINGTON, Dec 4- Under pressure from the federal government, the trade group for the U.S. casino industry has released the first ever set of best practices aimed at helping the industry police itself for money laundering activity. "For a number of years, individual properties and companies within the casino industry have made anti-money laundering...

  • Midday movers: 3D Systems, Kate Spade, Nike & more Monday, 24 Nov 2014 | 12:26 PM ET

    Some of Monday's midday movers:

  • Korea holds winning hand as Japan gambling bill dies Sunday, 23 Nov 2014 | 6:14 PM ET
    Hanging above the "Center Bar," a Pepsi-branded LED display with 2.1 million pixels.

    South Korea looks like the consolation prize as Japan's $15 billion casino dream fades.

  • TOKYO/ SEOUL, Nov 24- South Korea looks like the consolation prize as Japan's $15 billion casino dream fades, a setback for companies such as Las Vegas Sands Corp that envisioned a new gaming hub rivalling Las Vegas in 2020.. Japan is seen as the biggest unclaimed prize, a market that research firm Union Gaming estimated would generate $15 billion in annual...