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Caesars Entertainment Corp

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  • LAS VEGAS— The bankrupt operating division of casino empire Caesars Entertainment Corp. wants more time to file its reorganization plan to get out from under about $18 billion in debt. Caesars Entertainment Operating Co. lawyers filed a motion this week asking a bankruptcy judge in Chicago to allow the company six more months to file its own plan exclusively.

  • 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.

  • The company filed its definitive proxy statement with shareholders on Monday ahead of its May 28 annual meeting encouraging votes for MGM's board nominees, 11 incumbents, and not for those nominated by the investment firm Land and Buildings. Land and Buildings is directly asking shareholders in its own proxy statement to elect four other directors to the...

  • Atlantic City delays vote to help Showboat college plan Wednesday, 8 Apr 2015 | 1:35 PM ET

    ATLANTIC CITY, N.J.— The City Council in Atlantic City scrapped a vote at the last minute Wednesday that would have helped the former Showboat casino to re-open as a college campus. Trump Entertainment Resorts, which owns the Trump Taj Mahal casino next to the Showboat, is enforcing a 1988 legal covenant among it, the Showboat and Resorts, specifying that the...

  • 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...

  • Midday movers: Petrobras, Advent Software & more Wednesday, 28 Jan 2015 | 12:59 PM ET
    Wall Street New York Stock Exchange NYSE American Flags

    Some of Wednesday's midday movers:

  • Jan 28- A U.S. bankruptcy judge said on Wednesday he would not transfer the bankruptcy filing of Caesars Entertainment Corp's operating unit to Delaware from Chicago, a victory for the company's private equity backers. Hedge funds creditors wanted the casino company's $10 billion debt-cutting plan reviewed under the legal standards of the Delaware court.

  • WILMINGTON, Del, Jan 27- The operating unit of Caesars Entertainment Corp will learn Wednesday whether its bankruptcy will proceed in Chicago, where the casino company filed for Chapter 11 this month, or in Delaware, a U.S. bankruptcy judge in Delaware said on Tuesday. Allowing the case to proceed in Chicago would be a victory for Caesars private equity backers,...

  • ATLANTIC CITY NJ/ NEW YORK Jan 22- A new emergency management team for the casino resort town Atlantic City said it would take about six months for a turnaround plan to show results but it was' premature' to talk about bankruptcy for the city, which has seen gaming revenues decimated. New Jersey Governor Chris Christie on Thursday appointed a turnaround team,...