Reno News - Page 7
Eldorado Resorts reverses Q3 net loss
27 October 2015
The company still reported an overall decline in revenue, but management believes the company is on the right path to increasing its profitability.
Caesars Palace renovating hotel tower for $75 million26 October 2015
The Roman Tower will be upgraded and modernized in time for its 50-year anniversary in 2016.
Caesars asks judge to extend bankruptcy period until March9 October 2015
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.
Caesars strikes a deal with largest lenders over restructuring efforts24 August 2015
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.
Eldorado Resorts sees profits up but revenues down6 August 2015
Eldorado CEO Gary Canaro expressed optimism at the company's growth prospects, especially in light of its recent acquisitions from MGM Resorts in Reno.
Caesars reverses net loss, reporting 17.4% revenue increase5 August 2015
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%.
MGM CEO says The Mirage is "not on the market"5 August 2015
MGM Resorts has unveiled an ambitious new growth plan, but despite Wall Street speculation, selling The Mirage is not a part of it.
Caesars reaches amended agreement with its largest creditors3 August 2015
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.
Eldorado player wins $167,675 at Pai Gow Poker28 July 2015
Fred K. of Cloverdale, Calif. won the massive score.
Caesars reaches restructuring agreement with second-tier creditors22 July 2015
Caesars Entertainment Corp. has made a deal with a group of creditors that would improve their recovery prospects when the bankruptcy reorganization is completed.
Inside Gaming: Eldorado deal for MGM casinos makes company king of Reno20 July 2015
In conjunction with the all-cash deal with MGM, Eldorado announced a $60 million stock offering and $375 million debt offering. Eldorado is also assuming $60 million in debt through the transaction.
Eldorado Resorts announces proposed common stock offering9 July 2015
The proceeds from the common stock offering will finance the acquisition of the Circus Circus Reno and the Silver Legacy from MGM Resorts.
MGM sells Reno properties to Eldorado Resorts8 July 2015
The properties sold are the Circus Circus Reno and half of the Silver Legacy, the other half of which Eldorado already owned.
Mark Frissora takes over as CEO of Caesars Entertainment2 July 2015
Gary Loveman, the former CEO, will stay on as company chairman and oversee the corporation's bankruptcy restructuring.
Caesars Entertainment Operating Co. sees net revenue of $53 million for May30 June 2015
The operating divisions of Caesars Entertainment Corp., which went into bankruptcy in January, has been filing monthly operating reports as part of its reorganization.
Developers of baccarat variation see game grow to 700 tables22 June 2015
EZ Baccarat is being played from San Diego to Nova Scotia to Macau. Over the last five years, spokeswoman Michelle Laird said, the game has grown 315 percent.
Caesars stock hits 52-week low as company seeks to stop bankruptcy litigation8 June 2015
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.
Caesars shares punished after judge's ruling favors creditors3 June 2015
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.
Caesars resumes deferred compensation payments, but only for some27 May 2015
Other employees will have to file claims to receive their retirement payments, which Caesars temporarily stopped distributing as part of its Chapter 11 reorganization.
Caesars attorney says company 'looking seriously' at lost pension payments12 March 2015
The retirement plans were offered by businesses that were subsequently acquired by Harrah’s Entertainment in the company’s 2005 buyout of Caesars Entertainment for $9 billion.
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