Caesars arrives at debt-reducing agreement with creditors
Both Caesars and its Caesars Entertainment Opertaing (CEOC) operating unit will each pay the bondholders US$ 77.7 million in cash. The parent company will contribute no less than US$ 393 million of notes to its operating unit to be cancelled.
In addition, Caesars has won bondholders’ support for US$ 82.4 million of operating unit notes to amend bond indentures and agree to a restructuring of notes within six months.
Gary Loveman, chairman and chief executive officer of Caesars Entertainment and chairman of CEOC, said: “The transaction we are announcing today is the latest in a series of steps intended to deleverage CEOC and position it for a potential stock listing.“The transaction will reduce CEOC's leverage and interest payments. We are steadfast in our commitment to work constructively with creditors to deleverage CEOC and create value.”
Wynn Resorts profit rises in Q1 as Macau, Las Vegas drive quarter revenue growth
Century Casinos cuts Q1 loss as revenue climbs to $137.2 million
DraftKings beats Q1 estimates, touts Super App growth in prediction markets
Century Casinos cuts Q1 loss as revenue climbs to $137.2 million
Wynn Resorts profit rises in Q1 as Macau, Las Vegas drive quarter revenue growth
DraftKings beats Q1 estimates, touts Super App growth in prediction markets
OpticOdds launches as first odds data API available via MCP for Claude Desktop
Algotech strengthens its trading technology ecosystem through collaboration with 55Tech
Sportsbook integration: Deploying betting widgets at scale
Skilrock joins APLA Seminar 2026 as Silver Sponsor
Forbes Italia, SiGMA announce Top 50 initiative for Italy’s regulated gaming sector
