Hit With Crisis After Crisis, Caesars Struggles to Keep an Even Keel

Hit With Crisis After Crisis, Caesars Struggles to Keep an Even Keel

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

If the old adage that bad publicity is better than no promotion is valid, then Caesars Entertainment Corp. is doing simply fantastically well. By other measures, however: maybe not so much.

As if being forced for PR reasons to cut ties with its Las Vegas Strip hotel that is new casino project partner Gansevoort and bailing from the $1 billion Boston-area casino project with racetrack Suffolk Downs weren’t enough, the casino giant happens to be reportedly the subject of federal inquiry into potential violations of the lender Secrecy Act at Caesars Palace, their flagship Las Vegas home. Then put in a strange and shooting that is random of Drai’s at Caesars-owned Bally’s in Las Vegas, a tragedy that left one patron dead who had been trying to tackle the gunman, along with two security guards wounded. Last but not least, a baby that is newborn body apparently found behind Planet Hollywood on the Strip in identical week might are making it seem like the Apocalypse had landed in Caesars’ yard in front of schedule.

Problem After Problem for Caesars

Of course, the company’s industry-high $23.5 billion debtload that is long-term not even news anymore; it’s just become a huge yoke that Caesars now carries around wherever it goes these days. The 继续阅读“Hit With Crisis After Crisis, Caesars Struggles to Keep an Even Keel”