Close Bottom Menu CLOSE

Why join our Telegram

Telegram
  • list icon EXCLUSIVE Betting Bonuses
  • list icon 24/7 Pre-Match & Live Predictions
  • list icon New Unrestricted Bookmakers
  • list icon €1,000 In Monthly Giveaways
Join Our Community
Telegram

Light in the End of the Tunnel for Caesars

13 Jan 2017

CaesarsCaesars Entertainment Corporation (CEC), the company that owns one of the most well known and iconic casinos in America, «Caesar’s Palace», have been through some rough times in the last few years. Their debt is extra big and they got very close to end their operations. But finally the governance of the company are closing in on a final resolution with senior creditors relating to the $18 billion debt restructure.

What's Next for the Gambling Giant?

The majority of the creditors have already agreed and accepted the terms for the debt reorganisation. They have done anything within their powers to get the case away from the US bankruptcy courts, where it has been since January 2015. The company’s governance will now move to a January 17 final bankruptcy hearing. There the judges will review the debt plans and as it seems, the current stakeholders will be owning only a 6% of the company, if the plans will be approved of course. Until now, the governance of Caesars Entertainment Corporation (CEC) have spent over 300 million dollars on legal services. But as it seems, this will be the last act at the debt «battles».

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY
Bookmakers With A Dedicated Euro 2024 Section Featured Image

This summer, 24 nations will battle in the 17th edition of the European Football Championship. Scheduled to take place in Germany, the competition is ...

Read more »

How Injuries Affect Euro 2024 Odds Featured Image

As the Euro 2024 approaches, fans are at the edge of their seats. However, as it happens with every major competition, several notable footballers hav...

Read more »

Lucas Paqueta Charged For Betting Breaches Featured Image

The Brazilian international Lucas Paqueta has been charged by the FA for the “improper purpose of affecting the betting market”. Paqueta, ...

Read more »

Tyson Fury vs Oleksandr Usyk Odds Featured Image

After a long wait, the boxing world is finally on the verge of crowing the first undisputed heavyweight champion since 1999, when Lennox Lewis took do...

Read more »

Conor McGregor Partners with Duelbits Featured Image

On May 13th, 2024, Duelbits, a leading site in crypto gambling, issued a press release to announce that it has partnered with MMA legend Conor McGrego...

Read more »

EveryMatrix Record Net Revenue in Q1 Featured Image

EveryMatrix announced that the company achieved a record €39 million in revenue in the year’s first quarter. This constitutes a stunning 66% inc...

Read more »

Conor McGregor Next Fight Odds Featured Image

After a nearly three-year absence, Conor McGregor will fight Michael Chandler in UFC 303 on June 30th. UFC president Dana White announced the clash, w...

Read more »

ΝΒΑ Investigates Raptors’ Center Jontay Porter for Betting Irregularities Featured Image

The Raptors Center became unavailable for March 25th’s clash against the Brooklyn Nets. The NBA intervened, and Porter sat out until the league ...

Read more »

Next Liverpool Manager Odds: Who Will Succeed Jurgen Klopp? Featured Image

Jurgen Klopp’s announcement that he will leave Liverpool at the end of the season shocked the football world. The German will depart from Anfiel...

Read more »

1xBet Announces Biggest Wins for 2023 Featured Image

It’s no secret that many players prefer Accumulator bets. The chance of winning huge sums of money with relatively small stakes is unmatched. To...

Read more »

LATEST BOOKMAKER PROMOTIONS
bookmaker banner
bookmaker banner