Caesars Palace News - Page 27

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.

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."