No Bankruptcy Protection For Caesars

“We don’t have any significant debt maturities until 2018. We’re much better structured. There is nothing that would trigger a liquidity crisis. We don’t have anything like that,” he continued.  “These same people have been predicting the bankruptcy of the company since 2009. So far, they have been unsuccessful in having that prediction made accurate," Loveman added.

Fast forward about a week, and Caesars received an online gambling license in the Garden State. Caesars operates a handful of casinos in New Jersey. Like its WSOP-branded online poker site in Nevada, 888 Holdings will run the software and manage back-end duties.

Thanks to poker on the web, some believe that Caesars’ WSOP brand could end up being its most valuable asset. The firm now holds live bracelet events in multiple parts of the world. So far, seven casinos in Atlantic City have been approved for online poker.

The recent headlines for the company have been extremely positive after late last month it was announced that the firm would no longer be pursuing a project in Boston. Regulators in that state were concerned about a connection the firm had to a shady individual in another firm it was doing business with. Loveman subsequently blasted the state for its regulatory position, which some have said is too cumbersome and without merit.

Caesars is also in the process of construction a casino in Baltimore, Marlyand.