Caesars Entertainment Corporation, through its subsidiaries, provides casino-entertainment and hospitality services in the United States and internationally. It operates in three segments: Caesars Entertainment Resort Properties, Caesars Growth Partners Casino Properties and Developments, and Caesars Interactive Entertainment. The company owns, operates, or manages casinos; and operates Harrahs Atlantic City Waterfront Conference Center and The LINQ Hotel & Casino for casino guests visiting for gaming and other casino entertainment options, and non-casino guests visiting for other purposes. It operates 14,000 slot machines and 1,200 table games, as well as other games comprising keno, poker, and race and sports books; and buffets, restaurants, bars, nightclubs, and lounges located throughout the company's casinos, as well as banquets and room service. As of December 31, 2015, the company owned and operated 12 casinos. It also manages 28 casino properties owned by Caesars Entertainment Operating Company, Inc
Caesars Said Mulling Sale of Interactive Unit for $4 Billion Caesars Entertainment Corp., the ailing casino company, has received multiple, unsolicited bids for its interactive gaming unit, according to people with knowledge of the matter. Read full article here: http://bloom.bg/1Tfqbhm
Caesars Boosts Offer to $4 Billion to Settle Bankruptcy Fight http://www.bloomberg.com/news/artic...o-settle-bankruptcy-fight?cmpid=yhoo.headline
Caesars shares surge 20% after report of preliminary deal in bankruptcy case Shares of Caesars Entertainment briefly jumped 20 percent on Thursday afternoon to hit a fresh 52-week intraday high after a Bloomberg report that the company had reached a preliminary deal with its creditors on a new bankruptcy structure. http://www.cnbc.com/2016/09/22/caes...adline|headline|story&par=yahoo&doc=103961957
Things are looking a little better for CZR working their way out of Bankruptcy but I am not ready to test the water yet, Caesars Palace was the ultimate Casino back in the day before they expanded their operations.
US judge OKs plan for Caesars' unit to exit $18B bankruptcy CHICAGO (AP) -- A federal judge gave the thumbs-up Tuesday to a plan to reorganize a subsidiary of casino giant Caesars Entertainment Corp., clearing the way for the operating unit to exit bankruptcy two years after filing for Chapter 11 protection with $18 billion in debt. The approval from U.S. District Judge Benjamin Goldgar in Chicago is a "major milestone," said Mark Frissora, CEO of the Las Vegas-based parent company. The subsidiary, Caesars Entertainment Operating Co. Inc., would emerge later this year with the separation of its U.S. property assets from its gambling operations. Reorganization would also enable it to lighten its massive debt burden by $10 billion. "The new Caesars will be a stronger company," Frissora added in a statement issued shortly after the ruling. Fully implementing the reorganization still depends on securing approval from gambling regulators, as well as on the completion of the parent's company's merger with Caesars Acquisition. "While there is still much work ahead to complete this process, we are excited about the future of the Caesars enterprise," Frissora said. Caesars Entertainment Corp. operates 50 casinos in five countries and 13 states, including Nevada, Illinois, Indiana, Pennsylvania and New Jersey. It employs more than 60,000 people. Its resorts operate primarily under the brands Caesars, Harrah's and Horseshoe. Caesars' resorts and casinos stayed open during the complex and sometimes-contentious bankruptcy proceedings. Up to 200 lawyers for debtors and creditors attended pivotal hearings in Chicago. At one early stage in the process, Judge Goldgar said he was already buried in court-filing printouts piled around his chambers. "I have never seen so much paper in my life," he said. http://finance.yahoo.com/news/us-judge-oks-plan-caesars-195845768.html
Technical indicators look good. All MA go green. MACD goes green, bullish cross in Stochastic oscillator and RSI stands at 58.97 level with positive bias. Watch for breakout at 13.45. http://www.stoxline.com/quote.php?symbol=czr