Caesars Palace News - Page 27

Traveling to Nevada on a grant from Brand USA, blogger Ana Maria Junquiera recommends Vegas to her readers in Brazil.

Though The Donald claims to have won $20 million on a single bet on a boxing match, but the Nevada sportsbook world can't find any evidence of such a bet being placed.

Aristocrat's Britney Spears slot game can be found at several Caesars Entertainment properties. The pop superstar also announced that she has extended her residency show at Planet Hollywood through 2017.

Gaming Commission Chairman Tony Alamo Jr. told the company, "You shot yourselves in the foot with this one."

The Nevada Gaming Commission will decide Thursday in Las Vegas if it will accept the settlement.

Caesars said the agreement allows the company to focus on gaining support from the last major debt holder group that has yet to agree on the restructuring plan for Caesars Entertainment Operating Co.

Including the properties managed under the Caesars Entertainment Operating Company, which is in bankruptcy, the conglomerate would still report a net revenue increase of 8%.

The beleaguered casino operator filed a statement late on Friday saying it had reached an "amended restructuring support agreement." Its restructuring plans remain the same.

Caesars Entertainment Corp. has made a deal with a group of creditors that would improve their recovery prospects when the bankruptcy reorganization is completed.

The $100 million theater is the latest in a line of nongaming developments MGM is investing in at its nine Strip resorts.

The Western Las Vegas Valley expects upwards of 30,000 attendees for its Fourth of July parade, and other festivities are planned across the state.

Gary Loveman, the former CEO, will stay on as company chairman and oversee the corporation's bankruptcy restructuring.

The operating divisions of Caesars Entertainment Corp., which went into bankruptcy in January, has been filing monthly operating reports as part of its reorganization.

To celebrate Mexican Independence Day, world-renowned artist Plácido Domingo will perform at The Colosseum at Caesars Palace on Tuesday, Sept. 15.

With his purchase of the infamous Flamingo, Kerkorian spared the Strip from mob-related headlines at a time when another scandal would have devastated its tourism industry.

Even though casinos are reporting customers' suspicious activity more frequently, one federal prosecutor believes more can be accomplished through a "culture of compliance."

Mr. Kerkorian was one of the Las Vegas Strip's largest investors and played a unique role in developing it as a tourist destination.

The billionaire casino mogul passed away Monday in Los Angeles at the age of 98 after a brief illness.

While Caesars's operating division is already in bankruptcy proceedings, the current litigation could derail its restructuring process and force the whole company into bankruptcy protection.

On Monday, Caesars' shares declined 16 percent in the first trading day after Bloomberg News reported a federal judge handed a small victory to creditors seeking to collect $750 million from the casino company's bankrupt operating division.