What’s the future of Caesars Entertainment? Will it be bankruptcy or salvation for the gaming company with the help of its creditors?
Caesars Entertainment has remained mostly quiet about its future and how it will deal with $24 billion in debt. The gaming company is trying to rally lenders to work out a restructuring plan. Some analysts believe a partially pre-negotiated bankruptcy is the most likely outcome.
But it’s not all about Caesars Entertainment.
The gaming industry has also seen some $11.5 billion in mergers of slot makers, leading to the expectations of layoffs in Nevada. SLS Las Vegas is open, bringing renewed optimism to an area that was overlooked for years. Even New Jersey is back in court over its efforts to accept sports wagers.
Howard Stutz, gaming reporter and columnist with the Las Vegas Review-Journal.
Roger Gros, publisher Global Gaming Business
You won’t find a paywall here. Come as often as you like — we’re not counting. You’ve found a like-minded tribe that cherishes what a free press stands for. If you can spend another couple of minutes making a pledge of as little as $5, you’ll feel like a superhero defending democracy for less than the cost of a month of Netflix.