Salivating to invade Massachusetts....OR Caesars: Putting The 'Junk' In 'Junk Bond'
Subscribe to SA to receive updates:
- Caesars Entertainment (CZR -4.2%) is looking to
prevent a hearing in Delaware before it files a
bankruptcy plan for its main operating unit.
- The bankruptcy battle pits creditors aiming for a involuntary filing in
Delaware against the company with its voluntary filing plans to protect its
interests.
- What to watch: Though gaming revenue in Las Vegas has picked up, Caesars
remains handcuffed by its debt and legal battles. The gaming operator also has a
higher exposure to Atlantic City where traffic remains depressed.
- CZR bankruptcy timeline
Read comments
We can tap dance around details, yet when Gary Loveman was salivating to invade Massachusetts, Caesars, entire CASH FLOW went to DEBT PAYMENT.....
...so much for the Gambling Commission protecting Massachusetts residents as instructed by statute...they learned their lessons well from Steve Perske!
- An attorney for Caesars Entertainment (NASDAQ:CZR) will seek to wrap a legal shield around the company after operating
unit Caesars Acquisition Company (NASDAQ:CACQ) files for bankruptcy, according to
Reuters.
- The move is already drawing protests from creditors in the case.
- A Delaware judge will have to rule if extending bankruptcy protection to a
parent falls within the legal bankruptcy framework.
- CZR -1.35% after-hours.
Caesars: Putting The 'Junk' In 'Junk Bond' by
Verge Of Bankruptcy
Analyzing Caesars: 6,554 Words On Why This Company Is
A Short by StockPickasso
Why The Caesars Deal Is Kaput - Et Tu, Brute? by
Anthony Cataldo
No comments:
Post a Comment