Caesars Entertainment Corp. is about to find out whether $100 million is enough to entice lenders to finance a plan that would put valuable casino assets out of the reach of most of its current creditors in case of a bankruptcy.
Caesars Entertainment Corp., largest owner of casinos in the U.S., will sell four properties to an affiliate for $2.2 billion, freeing up cash as the company works to restructure $24.5 billion in debt.
With $23 billion in debt, the most of any U.S. hotel or casino company, Caesars Entertainment Corp. wanted to spruce up its stretch of the Las Vegas Strip without dropping a bundle or adding to a glut of rooms in the city.
When investment adviser Kenneth Ira Starr was accused of running a $30 million fraud scheme, the charges didn’t shock lawyers for the late Joan Stanton, an actress who was the voice of Lois Lane on “The Adventures of Superman” radio program in the 1940s.
We swoop down through the clouds to the Coliseum grounds. We see senators, centurions, aqueducts, Caesar, bloody-handed Brutus, Roman baths. So far, we might be watching a cheesy educational video about ancient Rome or a really bad movie preview.
Caesars Entertainment Corp. , the world’s biggest casino company, reported a fourth-quarter loss after cost cuts and the acquisition of a Las Vegas casino failed to offset declines in Atlantic City, New Jersey.
Caesars Entertainment Corp., the largest owner of U.S. casinos, said it’s creating a venture that will raise as much as $1.2 billion to finance growth investments and bolster the parent company’s balance sheet.