Planet Hollywood Las Vegas News - Page 17

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

Caesars Interactive, owner of the World Series of Poker, has surpassed Zynga in terms of social gaming revenue.

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.

With backing from megastar George Clooney, Las Ramblas was supposed to be an 11-tower set with gambling, condominium and hotel space on a 25-acre stage. But it turned out to be a complete flop.

In the company’s year-end SEC filing, Caesars said the numerous lawsuits are related to transactions the company has made with its Caesars Entertainment Operating Co., going back to 2010.

It’s abundantly clear Caesars Growth Partners is key to the planned bankruptcy restructuring of overly leveraged affiliate Caesars Entertainment Operating Co.

On Monday, Caesars said it received a default notice last week from UMB Bank related to its senior-secured notes covering CEOC. Caesars said it “does not believe that a default or an event of default has occurred.”

Fitch Ratings Service said in a report, however, the spinoff won’t prevent Caesars from having to go through bankruptcy reorganization to restructure its $22.8 billion debt.

The company, which operates nearly 40 casinos in 14 U.S. states and the Canadian province of Ontario, is attempting to restructure its gaming industry-high $22.8 billion debt.

Rooms at the Linq will have a new look as Caesars Entertainment transitions from the Quad Resort & Casino. The company is spending $223 million on the project.

In total, the Nevada Gaming Commission has settled more than $8 million in fines since January 2013.

Lines will be long at Las Vegas sports books when the NCAA Tournament begins today.

Andy Abboud, vice president of Government Relations at Las Vegas Sands Corp., spoke during a debate on the legalization of Internet gaming during the fourth annual iGaming North America event yesterday.

About 700 people are expected to attend the conference, which is not open to the public.

Caesars Entertainment Corp. said Wednesday it lost $1.756 billion in the fourth quarter.

The AXIS, which is a 7,000-seat theatre that has been renovated and is nearing completion, will be home to new artist-in-residence headliner Britney Spears.

Britney lands 48 show residency at Planet Hollywood, Las Vegas.

Caesars Entertainment Inc. is spinning off Planet Hollywood, its interactive gaming business, and a planned Baltimore casino into a separate company. Caesars will retain majority ownership.

The news sent shares of Caesars Entertainment up almost 13 percent Wednesday.

Star stops traffic on the Strip by riding on a flatbed truck with a flaming piano surrounded by dancing showgirls.