• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Features
  • Industry Talk
  • Trends & Tech
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Caesars OpCo creditors in restructure talks: report

Jul 09, 2015 Newsdesk Latest News, Top of the deck, World  


Caesars OpCo creditors in restructure talks: report

Some high-profile creditors of Caesars Entertainment Operating Co Inc are reported to be in talks to clinch a restructuring deal.

The firm – an operations unit of casino firm Caesars Entertainment Corp – entered voluntary bankruptcy in the U.S. in January.

Bloomberg Business on Thursday said that Paulson & Co, a hedge fund firm controlled by billionaire John Paulson; and Canyon Partners, along with Soros Fund Management; were among debt holders involved in the latest talks.

Caesars has been trying to win creditor support for a plan to cut lower-ranking debt, allow the parent to retain a stake in the operating unit and halt investor lawsuits against the Caesars group’s private-equity owners, Apollo Global Management LLC and TPG Capital.

None of the parties have commented on the reported talks, added Bloomberg.

Mark Frissora – a former chief executive of rental car firm Hertz Global Holdings Inc – was recently confirmed as president and chief executive of Caesars Entertainment Corp with effect from July 1. The move completes a management shake up announced in February.

Caesars Entertainment says it has a foothold in South Korea via a planned casino project. It has also expressed a desire to enter the Philippines market for casino gaming.


  • tweet
Related articles
  • Activist investor Icahn again ups Caesars Ent holding
    Activist investor Icahn again ups...

    Mar 11, 2019  

  • Caesars answers Tomakomai request for IR plan info
    Caesars answers Tomakomai request for...

    Jan 14, 2019  

More news
  • Londoner Macao first phase launch Feb 8 says Sands China
    Londoner Macao first phase launch Feb 8...

    Jan 21, 2021  

  • Grand Lisboa Palace backer SJM taps circa US$1bln in notes
    Grand Lisboa Palace backer SJM taps...

    Jan 21, 2021  


Latest News

Londoner Macao first phase launch Feb 8 says Sands China

Londoner Macao first phase launch Feb 8 says Sands China

Jan 21, 2021  

The first phase of the newly-rebranded Macau casino resort the Londoner Macao is to be launched on February 8, the property’s promoter Sands China Ltd, announced on Thursday. The company said the...
Read More
Grand Lisboa Palace backer SJM taps circa US$1bln in notes

Grand Lisboa Palace backer SJM taps circa US$1bln in notes

Jan 21, 2021  

Sands China sixth Macau op to pledge staff extra payment

Sands China sixth Macau op to pledge staff extra payment

Jan 21, 2021  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Partners

Pick of the Day

"Our expansion from 2021 and beyond will create tremendous opportunities to team members”

Francis Lui Yiu Tung

Vice chairman of Macau-based casino operator Galaxy Entertainment



Most Popular

  • CNY 2021 unlikely to boost Macau casinos, say observersCNY 2021 unlikely to boost Macau casinos, say observers January 15, 2021
  • Casino op MGM China to pay most staff discretionary bonusCasino op MGM China to pay most staff discretionary bonus January 18, 2021
  • Wynn and Melco also flag bonus for Macau staffWynn and Melco also flag bonus for Macau staff January 19, 2021
  • Investors see 2H Macau gain, rebound 2022: BernsteinInvestors see 2H Macau gain, rebound 2022: Bernstein January 19, 2021
  • Wakayama casino RFP deadline affirms still 2 suitorsWakayama casino RFP deadline affirms still 2 suitors January 18, 2021
Copyright 2014-2020 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us