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  • Dec 16- Some casino and hotel companies including Caesars Entertainment Corp and Hilton Worldwide Holdings Inc are expected to get a reprieve from a proposal to curb real estate investment trusts, or REITs. An earlier version of the $650 billion tax break bill detailed Wednesday included provisions that would have potentially derailed major company deals...

  • WASHINGTON/ NEW YORK/ CHICAGO, Dec 15- Lawmakers are likely to scrap a revision to certain legal protections for bondholders from a spending bill that was under negotiation, a congressional aide said on Tuesday. The letter was signed by BlackRock Inc, DoubleLine Group LP, Oaktree Capital Management LP, Western Asset Management Company, T. Rowe Price Group and...

  • CHICAGO, Nov 27- The bankrupt operating unit of Caesars Entertainment Corp has appealed a ruling that would enforce payments of nearly $364 million in pension liabilities, according to court documents filed this week. Caesars Entertainment Operating Corp had asked the bankruptcy court to shield its parent from liability demands by the National Retirement...

  • *Sprawling litigation costs casino group $1 million a day. The acrimonious $18 billion bankruptcy has pitted junior bondholders against the casino group's parent, Caesars Entertainment, whom they accuse of pillaging the unit of its best assets before filing for Chapter 11 protection. Caesars has said the transfers were fair, but the fight has triggered...

  • CHICAGO, Oct 29- A judge has rejected an unusual attempt by junior bondholders of Caesars Entertainment's bankrupt operating unit to disqualify law firm Kirkland& Ellis from leading the casino group's $18 billion Chapter 11 restructuring. Jones Day, the junior bondholders' law firm, had asked the court to reconsider a May order that allowed the bankrupt unit of...

  • CHICAGO, Oct 26- When a bankrupt operating unit of Caesars Entertainment went on the market earlier this month, the package consisted of 38 casinos, including the iconic Caesars Palace Las Vegas. Potential bidders for CEOC, a casino-operating unit of Caesars Entertainment would be wading into the middle of a costly and complicated bankruptcy, and they note that...

  • CHICAGO, Oct 21- Caesars Entertainment's bankrupt operating unit can keep exclusive control over its bankruptcy until March 15, a U.S. bankruptcy judge ruled on Wednesday, giving the casino group its second extension filing for chapter 11 protection in January. The casino operating unit, CEOC, presented a new bankruptcy reorganization plan earlier this month...

  • CHICAGO, Oct 8- Caesars Entertainment Corp's bankrupt operating unit said it will seek bidders for its business while continuing talks with its warring creditors, whose position was strengthened by a key court victory on Thursday. Caesars' operating unit, which runs 38 casinos in five countries and employs 32,000, filed for bankruptcy in January with $18...

  • CHICAGO, Oct 8- Caesars Entertainment Corp's bankrupt casino unit struggled on Thursday to keep its complex debt-cutting plan on track, saying it had sweetened the payout to its creditors whose position was strengthened by a key court victory. Soon after the company unveiled the modified plan, a U.S. judge in Chicago ruled that creditor lawsuits could proceed...

  • *Asks to extend control over bankruptcy until March 15. Oct 8- The operating unit of Caesars Entertainment Corp said on Thursday it had modified its bankruptcy exit plan to sweeten the payout for junior creditors and asked to extend its control over its Chapter 11 restructuring. The company now wants until March 15 to try to reach common ground on a plan that has so...

  • Oct 8- Caesars Entertainment Corp has filed in a U.S. bankruptcy court an amended restructuring plan that provides for higher recoveries for its unit's junior creditors and it has sought an extension to its exclusive right to propose a plan. Caesars' operating subsidiary filed for Chapter 11 bankruptcy in January, but its restructuring plan has been opposed by...

  • Oct 8- Casino operator Caesars Entertainment Corp said its unit filed an amended restructuring plan along with a disclosure statement in a U.S. bankruptcy court. Caesars Entertainment said its unit was not seeking a hearing to approve the disclosure statement and solicit votes on the amended plan at this time. The company has been battling creditors over...

  • CHICAGO, Oct 2- Creditors of Caesars Entertainment Corp's casino business are heading to court on Monday to argue that the company has been bankrupt for three days longer than it acknowledges, and $468 million hangs on the outcome. Bankruptcy Judge Benjamin Goldgar in Chicago that the process began on Jan. 12 in Delaware. Three days later, the operating unit of...

  • Poker vs daily fantasy: Which requires more skill? Friday, 2 Oct 2015 | 9:47 AM ET
    Poker chips gambling

    It appears that online poker requires more skill, yet daily fantasy is the one that's legal.

  • Buying into Vegas at bargain basement prices Wednesday, 30 Sep 2015 | 12:56 PM ET
    Tropicana Las Vegas

    The market for distressed properties has spread from the housing market to the very heart of Sin City.

  • PayPal just did something big, very quietly Tuesday, 15 Sep 2015 | 10:19 AM ET
    WSOP web page

    PayPal just started allowing processing for online gambling outfits, but is not doing any PR around it.

  • ST. LOUIS, Sept 8- The U.S. Treasury Department's anti-money laundering unit on Tuesday fined Caesars Entertainment Corp's flagship Las Vegas property $8 million for failing to properly police transactions for illicit activity. On the heels of FinCEN's announcement, Nevada Gaming Control Board Chairman A.G. Burnett announced a related $1.5 million penalty.

  • ST. LOUIS, Sept 8- The U.S. Treasury Department's anti-money laundering unit on Tuesday fined Caesars Entertainment Corp's flagship Las Vegas property $8 million for failing to properly police transactions for illicit activity. Caesars Palace failed to report suspicious activity involving high-roller clients in the United States and at branch offices in...

  • 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...