Caesars Atlantic City News - Page 5

New attractions and upgrades throughout the city will provide a first class experience for both returning and new visitors.

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 Northeast casino market is becoming flooded with new competition, which is bad for operators but great for equipment and game providers.

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 fashion show concludes a month of awareness-raising events for preventive health and early detection of breast cancer. Proceeds from the fashion show will go to the American Cancer Society.

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.

The show will be held in the Circus Maximus Theater on Friday, Oct. 23. Tickets go on sale Thursday, Sept. 24 at 10 a.m.

Whoever takes the best photos of a Party, Lucky or Romance experience at any of Caesars' Atlantic City properties will win a two-night stay specific to their winning category.

Restaurants participating in the promotion include several high-profile casino dining venues, such as Gordon Ramsay's Pub and Grille at Caesars and Wolfgang Puck at the Borgata.

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.

One of the five charged, Izyiah Plummer, is a former security guard at the casino who had been previously sacked.

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.

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.

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.