Caesars Palace News - Page 27

The World Series of Poker has released its 2016 schedule, announced several new tournament formats and plans to increase in the money finishes by 50% in most tournaments this summer.

The show will take place at The Colosseum at Caesars Palace on Sunday, June 19. Tickets go on sale on Feb. 26 at 10 a.m. PST.

For the first 8 minutes, 18 seconds of 2016, Las Vegas will be "On Top of the World," as the New Year's celebration theme goes, with eyes around the globe focused on a televised, $600,000 fireworks show launched from atop resorts along the Strip.

Caesars cautioned that the financial statement was unaudited and was prepared "solely for the purpose of complying with the monthly reporting requirements" of the bankruptcy court.

The Review Journal's Carol Cling takes a look back at Martin Scorcese's "Casino," what it did for Las Vegas at the time and how it accurately depicted a city often blown out of proportion on the silver screen.

The company said overall revenue increased during the third quarter.

Caesars Entertainment Operating Company, which filed for Chapter 11 bankruptcy reorganization in January, said its net revenue for September was $328.5 million.

The Roman Tower will be upgraded and modernized in time for its 50-year anniversary in 2016.

The extension to the exclusivity date of the reorganization plan would give the company extra time to work out a deal with second-tier lenders.

CEO Mark Frissora says casino operators have "underpenetrated" a tech-savvy, young customer base accustomed to mobile and social gaming.

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.