Latest Gary Loveman Stories

2014-08-12 12:26:15

Consent Secured to Amend Indentures Governing 2016 and 2017 Notes LAS VEGAS, Aug. 12, 2014 /PRNewswire/ -- Caesars Entertainment Corporation ("CEC") (NASDAQ: CZR) and Caesars Entertainment Operating Co. ("CEOC") today announced a transaction to purchase and retire $238 million of CEOC's outstanding 2016 and 2017 notes held by third parties, with such notes representing 51% of each such class not held by affiliates of CEC. CEC has also agreed to contribute to CEOC for retirement $393 million...

2014-06-27 12:23:52

LAS VEGAS, June 27, 2014 /PRNewswire/ -- Caesars Entertainment Corporation (NASDAQ: CZR) today announced it will close Showboat Atlantic City effective August 31, 2014. The difficult decision to close the property follows persistent declines in business levels in the area exacerbated by the high property-tax burden in Atlantic City. http://photos.prnewswire.com/prnvar/20120607/LA21221LOGO "While we regret the impact that this decision will have on our Showboat associates, we believe this is...

2014-06-06 16:22:14

LAS VEGAS, June 6, 2014 /PRNewswire/ -- Caesars Entertainment Operating Company, Inc. (CEOC or the Company) today announced its objection to a notice of default sent by a minority group of holders of one tranche of second lien notes issued by the Company. The Company believes that the claims in the notice are baseless and will defend itself vigorously against any action taken by these creditors. "We will not allow our company, our employees and the communities in which we operate to be held...

2014-05-07 16:28:43

LAS VEGAS, May 7, 2014 /PRNewswire/ -- Caesars Entertainment Corporation (NASDAQ: CZR) today reported the following first quarter 2014 results and recent developments: -- Realized broad-based strength in hospitality revenue streams in Las Vegas with strong group business in Q1 -- Opened the High Roller at The LINQ to the public at the end of March and have since welcomed thousands of riders -- Received preliminary approval to develop our first internationally...

2014-05-06 16:21:57

CEOC Launches First Lien Incremental Term Loan and Refinancing of All 2015 Maturities LAS VEGAS, May 6, 2014 /PRNewswire/ -- Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars Entertainment") today announced a series of steps designed to position its subsidiary, Caesars Entertainment Operating Co. ("CEOC"), for a stock listing and significant deleveraging. http://photos.prnewswire.com/prnvar/20120607/LA21221LOGO The actions include: -- a new $1.75 billion first lien debt offering...

2014-04-07 16:24:14

ATLANTIC CITY, N.J., April 7, 2014 /PRNewswire-USNewswire/ -- Frank J. Farrell, Jr., an Atlantic City casino dealer for more than 30 years, is the latest victim of a "gang-like" beating inflicted by in-house security guards at Harrah's hotel-casino, according to his recently filed civil complaint naming Harrah's, its parent company, Caesars, and numerous related businesses. He becomes the seventh plaintiff to file similar civil actions against the global gaming and entertainment...

Word of the Day
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'