Caesars CEO Blames Mass. Gaming Board For Failed $1B Deal

Law360, New York (October 30, 2013, 2:25 PM EDT) -- Caesars Entertainment Corp. CEO Gary Loveman on Tuesday said the Massachusetts Gaming Commission hadn’t given it the chance to respond to issues — including possible mob ties — uncovered in a probe that forced it to exit a $1 billion joint venture pursuing a state gambling license.

In a third quarter earnings call with investors, Loveman ripped the MGC’s handling of its investigation into Caesars’ suitability for a license. The MGC probe raised concerns over a number of issues, including the company’s $23.7 billion debt load,...
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