Caesars Palace News - Page 28

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.

Phua left the U.S. just five hours after a federal judge dismissed conspiracy and illegal gambling charges against him.

Dozens of drivers marched with signs on Las Vegas Boulevard near Caesars Palace for a little more than an hour Friday to protest the Nevada Legislature's approval of the regulation of transportation network companies, including Uber.

Other employees will have to file claims to receive their retirement payments, which Caesars temporarily stopped distributing as part of its Chapter 11 reorganization.

Richard St. Jean has been appointed the general manager of Hollywood Casino Jamul-San Diego, while Frank Quigley has taken St. Jean's vacated position as general manager of Hollywood Casino Toledo.

The charges stem from an FBI-led raid July 9 at three luxury Caesars Palace villas used in what authorities said was a worldwide multimillion-dollar betting operation.

The new indictment adds a conspiracy charge against Paul Phua to the previous felony counts of operating an illegal gambling business and transmission of wagering information.

Caesars was also informed a grand jury was looking into the charges regarding anti-money laundering practices of the company and its subsidiaries.