Caesars Atlantic City News - Page 5

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.

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

The New Jersey college bought the now-closed Showboat casino last year, before Caesars filed Chapter 11 bankruptcy.

The show is down to its five final contestants, one of whom will become the new head chef at Gordon Ramsay Pub & Grill at Caesars in Atlantic City.

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.

The gaming industry has embraced REITs, which, by law, don’t pay federal income taxes.

Caesars Chairman and CEO Gary Loveman said he wouldn’t answer questions regarding the status of the restructuring of Caesars Entertainment Operating Co.

Caesars will continue to manage the properties, which will remain part of the company’s Total Rewards player loyalty program.

In a filing with the SEC Monday, Caesars said BOKF N.A. asked for payment on $750 million in debt plus interest. Caesars said it turned down the payment demand.