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Friday, June 6, 2014

Caesars Acquisition hears from debt holders





Caesars [formerly Harrah's] salivated to invade Massachusetts at Suffolk Downs and has indicated its intent to appeal the recent Massachusetts court dismissal. 

 Caesars debt load has previously been described - Caesars' cash flow goes to debt payments. 

 While Gary Loveman's brilliance revolutionized the Predatory Gambling Industry, it's unclear that his genius can juggle and manipulate all. 


  • Caesars Acquisition (CACQ -7.3%) announces it received a notice of default from holders of its debt alleging the company violated asset sales covenants.
  • The Caesars Entertainment (CZR -2.3%) subsidiary says the claims are baseless and that it will continue to defend its asset transfers.
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