Caesars Entertainment is not having a good week after being hit with numerous crises; any resemblance of Nero right here to company CEO Gary Loveman is solely coincidental.
Then Caesars Entertainment Corp. is doing just fantastically well if the old adage that bad publicity is better than no publicity holds true. By virtually any measures, however: not so much.
As if being forced for PR reasons to cut ties with its Las Vegas Strip hotel that is new casino task partner Gansevoort and bailing from the $1 billion Boston-area casino project with racetrack Suffolk Downs were not enough, the casino giant happens to be reportedly the main topic of federal inquiry into potential violations of the financial institution Secrecy Act at Caesars Palace, their flagship Las Vegas home. Then put in a strange and random shooting outside of Drai’s at Caesars-owned Bally’s in Las vegas, nevada, a tragedy that left one patron dead who was trying to tackle the gunman, as well as two security guards wounded. And lastly, a baby that is newborn body reportedly found behind Planet Hollywood on the Strip in the same week might are making 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 debtload that is long-term perhaps not also news anymore; it’s just become a huge yoke that Caesars now carries around wherever i Hit With Crisis After Crisis, Caesars Struggles to Keep a level Keel weiterlesen