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Hit With Crisis After Crisis, Caesars Struggles to even keep an Keel

By |2월 25th, 2020|

Hit With Crisis After Crisis, Caesars Struggles to even keep an Keel

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

If the old adage that bad publicity is better than no promotion holds true, then Caesars Entertainment Corp. is doing just fantastically well. By other 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 project partner Gansevoort and bailing from the $1 billion Boston-area casino project with racetrack Suffolk Downs were not sufficient, the casino giant has become reportedly the main topic of federal inquiry into potential violations of the lender Secrecy Act at Caesars slotsforfun-ca.com Palace, their flagship Las Vegas property. Then put in a bizarre and shooting that is random of Drai’s at Caesars-owned Bally’s in Las Vegas, a tragedy that left one patron dead who ended up being trying to tackle the gunman, also two security guards wounded. And lastly, a newborn baby’s body apparently found behind Planet Hollywood on the Strip in the same week might are making it seem like the Apocalypse had landed in Caesars’ garden in front of schedule.

Problem After Problem for Caesars

Needless to say, 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 times. The que […]