Caesars Entertainment Operating Company, Inc.

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Case overview

Case Number:

1:15-bk-01145

Court:

Illinois Northern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

September 20, 2018
Earl of Sandwich's Quick Win Bid Draws Ire In Caesars' Ch. 11

Investment adviser Whitebox Advisors LLC blasted an Earl of Sandwich location’s request for an order declaring it the owner of a $3.6 million claim in Caesars’ Illinois federal court bankruptcy, arguing that the evidence shows the now-shuttered Atlantic City eatery had reached a binding preliminary deal to sell the claim.
April 30, 2018
Gordon Ramsey In Hot Water Over Caesars Eatery Contracts

Companies that collaborated with Gordon Ramsay on restaurants asked an Illinois bankruptcy judge to sanction the celebrity chef, saying he has failed to comply with their requests for documents regarding his plans for eateries with Caesars and accusing him of withholding information as a delay tactic.
December 11, 2017
Kirkland Wins As Top Fees Earner In Caesars Ch. 11

An Illinois bankruptcy court on Friday gave final approval to nearly $148 million in fees to various law firms and consultancies as part of Caesars Entertainment Operating Co. Inc.'s Chapter 11 process, awarding the largest amount — approximately $77 million — to Kirkland & Ellis LLP for guiding the casino giant through its reorganization.
September 22, 2017
Caesars Settles With Mississippi On $3M Claim In Ch. 11

An Illinois bankruptcy judge on Thursday approved a state of Mississippi claim for $3.02 million in Caesars Entertainment Operating Co. Inc.'s Chapter 11 reorganization, giving final approval to the parties' settlement stemming from the state's original request for $26.95 million.
September 15, 2017
Caesars Reaches $19M Settlement With La. Dept. Of Revenue

An Illinois bankruptcy judge on Friday signed off on a $19 million settlement between Caesars Entertainment Operating Company Inc. and the Louisiana Department of Revenue over its unpaid taxes and requested tax refund.
September 13, 2017
Caesars Wins OK Of $126M Management Liability Settlement

Caesars Entertainment Operating Co. received the green light from an Illinois bankruptcy court on Wednesday for a $126 million settlement with its insurers to cover directors and executives in its fraudulent transfer suit against its own parent corporation, bringing the coverage dispute to an end.
August 25, 2017
Caesars Seeks OK Of $126M Management Liability Settlement

Caesars Entertainment Operating Co. on Wednesday asked an Illinois bankruptcy court to approve a $126 million settlement with its insurers to cover directors and executives in its fraudulent transfer suit against its own parent corporation.
June 16, 2017
Hotel Lender Gets $12.6M From Caesars Bankruptcy

Caesars Entertainment Operating Co. Inc. will pay a hotel lender $12.6 million to settle claims that it failed to uphold a room guarantee contract at a Louisiana hotel as part of Caesars' 2015 bankruptcy proceeding and $18 billion debt restructuring.
June 07, 2017
Caesars Plans Up To $2.2B REIT Financing For Vegas Palace

Bankrupt Caesars Entertainment Operating Co. on Tuesday said that it is planning a new money deal of up to $2.2 billion to refinance the fee and leasehold interests in Caesars Palace Las Vegas as the company emerges from Chapter 11.
January 17, 2017
Caesars Wins Bankruptcy Plan Approval

An Illinois federal judge on Tuesday signed off on a plan that lifts Caesars' underwater operating unit out of Chapter 11 bankruptcy two years after the subsidiary filed for the court's protection, saying it couldn't keep up with its $18 billion in debt.

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