Caesars at War with Investors Over $24 Billion Debt Caesars CEO Gary Loveman says their company shall maybe not be held hostage by speculators. The battle between Caesars Entertainment and its particular bondholders was ramped up a notch this week as the casino giant filed a lawsuit against a portion that is large of investors, claiming these are typically trying to impede the business’s efforts to restructure its debt process, a procedure that is important to avoid bankruptcy. Despite being the best-known casino business in the world, Caesars’ long-term financial obligation is colossal, standing at an industry all-time high of $23 billion, which outstrips the bankrupt city of Detroit. In May, the business announced a process of debt restructuring, which, […]

Macau Casino Revenues Down for Third Straight Month Macau casinos’ gaming revenues were down for the 3rd consecutive thirty days in August. (Image: TripAdvisor.com) Macau casino revenues might not be as dazzling as years back, but the Chinese enclave is in no danger of losing its place since the world’s gambling hub that is largest. Every day in terms of pure revenues, Las Vegas and other cities simply can’t compete with the tremendous amounts of money that are thrown around at Macau’s baccarat tables. But regarding what seemed like the growth that is endless the area, it appears that the party may be over. For the 3rd straight month, Macau’s video gaming revenues dropped for a year-over-year basis. For August, […]

Caesars at War with Investors Over $24 Billion Debt Caesars CEO Gary Loveman says his business shall maybe not be held hostage by speculators. The battle between Caesars Entertainment as well as its bondholders was ramped up a notch this week as the casino giant filed a lawsuit against a large percentage of its investors, claiming they are attempting to impede the business’s efforts to restructure its debt process, a procedure that is essential to avoid bankruptcy. Despite being the best-known casino company in the world, Caesars’ long-term financial obligation is colossal, standing at an industry all-time high of $23 billion, which outstrips the bankrupt city of Detroit. In-may, the business announced a procedure of financial obligation restructuring, which, while […]

British Watchdog Bans Christ the Redeemer Sporting Index Ad Too sexy for his robe: this offending Index that is sporting ad been banned by the ASA as likely to cause offense to ‘a significant number of Christians.’ The UK’s Advertising Standards Authority (ASA) has prohibited a Sporting Index World Cup print ad, labeling it ‘seriously offensive’ and slamming it for linking gambling to intimate prowess. The offending ad featured an image of Rio de Janeiro’s Christ the Redeemer statue that had been changed to show Christ keeping a bottle of champagne with a bikini-clad woman draped around him. The words ‘There ‘s a more side that is exciting Brazil’ showed up at the end of the web page, while additional […]