Tag Archives: Caesars Entertainment Corp

Mark Frissora – Caesars future growth must be guided by responsibility & diversity commitments

Nasdaq-listed Caesars Entertainment Corporation has released its ninth ‘Corporate Social Responsibility – CSR Report’, detailing its sustained commitment to its employees., communities and wider stakeholders. The US gambling group continues its corporate guidance under the ‘People, Planet, Play’ framework which seeks to deliver a positive corporate impact on society. ‘People, Planet, Play’ focuses on five core responsibility dynamics; improving employee …

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New look Caesars will seek to create quick cashflows & investor value

Closing its full-year 2016 performance, the governance of Caesars Entertainment Corp (CEC) has posted net operating losses of $2.7 billion, with the gambling operator detailing that it had paid $5.7 billion in accruals for bankrupt division Caesars Entertainment Operating Company (CEOC). CEC would record full-year 2016 corporate revenues of $3.9 billion, driven primarily by its Las Vegas portfolio. The company …

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Shi Yuzhu led consortium eyes Caesars Interactive acquisition

Bloomberg Technology has reported that a Chinese consortium led by tech billionaire Shi Yuzhu (Founder of Giant Interactive Group) is in talks to acquire Caesars Interactive from Caesars Entertainment Corp (CEC). The Yuzhu-led group has entered negotiations with CEC governance following an auction process with CEC targeting a $4 billion valuation for its asset. Undisclosed deal insiders have stated that …

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Caesars Entertainment Corp told to investigate lost employee pensions

The Las Vegas Gaming Control Board has asked attorneys representing bankrupt Caesars Entertainment Corp to investigate the issue of lost pensions of retired company employees after the company entered Chapter 11 filing. Caesars Entertainment Corp employees were told in January that the casino operator would no longer under the employee retirement plan. Control Board member Terry Johnson asked Caesars attorney …

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