Category: Huuuge Casino Review

25 Feb 2020

Hit With Crisis After Crisis, Caesars Struggles to Keep a level Keel

Hit With Crisis After Crisis, Caesars Struggles to Keep a level Keel

Caesars Entertainment is devoid of a good week after being hit with numerous crises; any resemblance of Nero here to company CEO Gary Loveman is solely coincidental.

Then Caesars Entertainment Corp. is doing just fantastically well if the old adage https://slotsforfun-ca.com/huuuge-casino-review/ that bad publicity is better than no publicity holds true. By every other measures, however: maybe not so much.

As if being forced for PR reasons to cut ties with its Las Vegas Strip new hotel and casino project partner Gansevoort and bailing from the $1 billion Boston-area casino project with racetrack Suffolk Downs were not sufficient, the casino giant is currently reportedly the main topic of federal inquiry into potential violations of the lender Secrecy Act at Caesars Palace, their flagship Las Vegas home. Then add a bizarre and random shooting outside of Drai’s at Caesars-owned Bally’s in nevada, a tragedy that left one patron dead who had been trying to tackle the gunman, also two security guards wounded. Last but not least, a newborn baby’s body apparently found behind Planet Hollywood on the Strip in identical week might have made it seem like the Apocalypse had landed in Caesars’ backyard ahead of schedule.

Problem After Problem for Caesars

Of course, the company’s industry-high $23.5 billion long-term debtload is maybe not also news anymore; it’s just become a huge yoke that Caesars now carries around wherever it goes these days. The question is, (more…)