Icahn directors to take place of 3 on Caesars’ board
LAS VEGAS (AP) — Caesars will replace three members to its board with directors chosen by billionaire Carl Icahn, who is seeking fundamental changes at the casino and resort.
Caesars, DraftKings ink multi-state online betting deal
LAS VEGAS (AP) — Caesars Entertainment and DraftKings have reached a deal to grant DraftKings access to Caesars' markets in several states.
The deal lets DraftKings offer its online gambling...
Caesars offers few clues on state of talks with Carl Icahn
LAS VEGAS (AP) — Caesars Entertainment Corp. gave few clues Thursday as to the status of its talks with billionaire Carl Icahn, who has taken a large stake in the casino giant and says he wants...
Casino giant Caesars Entertainment’s CEO to step down
LAS VEGAS (AP) — The president and CEO of Caesars Entertainment Corp. will step down next year, the casino giant said Thursday.
The announcement came just before Caesars reported third-quarter net income of $110 million, after posting a loss in the same period a year earlier.
The Las Vegas-based company said Mark Frissora, who joined the company in 2015 and guided it through bankruptcy reorganization, will remain on the job until Feb. 8.
LAS VEGAS (AP) — A meeting and event space complex that will include two massive ballrooms without pillars and outdoor areas will open in 2020 near the High Roller observation wheel and casino-resorts operated by Caesars Entertainment on the Las Vegas Strip.
The casino giant broke ground Monday on the $375 million conference facility. It expects to draw business from the millions of convention attendees that travel to Las Vegas every year.
LAS VEGAS (AP) — The Caesars Entertainment Corp. casino company says it plans to build a beachfront non-casino hotel in the Mexican city of Puerto Los Cabos.
Company president and chief executive Mark Frissora announced Wednesday that the $200 million Caesars Palace resort will be the company's first Mexico property.
Plans call for 500 rooms and suites, a 40,000-square-foot (3,716-square-meter) convention center, a spa, two golf courses, three restaurants and entertainment venues.
Caesars sees drop in Asian guests after Las Vegas shooting
LAS VEGAS (AP) — Caesars Entertainment's top executive says his company is seeing a decrease in casino play from Asian guests as a result of the Route 91 Harvest festival shooting.
Caesars President and CEO Mark Frissora told a group of investors Tuesday in New York that it could be three or four months before some players return and that business levels are slowly returning with each passing week after the Oct. 1 shooting.
Caesars reports narrower 2Q loss, uptick in revenue
LAS VEGAS (AP) — Caesars Entertainment Corp. on Thursday reported a narrower second-quarter loss and an uptick in revenue.
The casino operator posted a loss of $1.44 billion in its quarter that ended June 30. That was an improvement from the $2.01 billion loss posted in the same quarter a year ago.
On a per-share basis, the Las Vegas-based company said it had a loss of $9.68 in the latest quarter. Losses, adjusted for restructuring costs, were 21 cents per share.
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.