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Mealeys

MLex

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:

  1. February 19, 2015

    Caesars Calls For End To Noteholders' Ch. 11 Committee

    Caesars Entertainment Operating Co. urged a bankruptcy judge on Thursday to dissolve a "wasteful and unnecessary" committee of junior bondholders livid at the gaming company's pre-bankruptcy maneuvers, saying those creditors cannot achieve enough to justify the attendant costs.

  2. February 18, 2015

    Caesars Noteholders Demand Access To Investigation Docs

    A group of Caesars Entertainment Operating Co. Inc. noteholders wants to see some 36,000 documents that the company produced during an internal investigation into allegations that private equity owners Apollo Global Management LLC and TPG Capital abused the company's finances before its bankruptcy.

  3. February 13, 2015

    Caesars Seeks Examiner To Explore Contentious Deals

    Caesars Entertainment Operating Co. urged an Illinois bankruptcy judge Friday to install an independent examiner tasked with probing a series of intercompany asset transfers between the gaming company and its nondebtor parent that have drawn the ire of numerous creditors.

  4. February 05, 2015

    Hilton, PepsiCo. Tapped For Caesars Creditors Committee

    The U.S. Trustee's Office on Thursday appointed a diverse group of businesses to a committee representing unsecured creditors in Caesars Entertainment Operating Co.'s contentious bankruptcy, ranging from slot machine maker International Game Technology to hotel operator Hilton Worldwide Inc. and PepsiCo. Inc.

  5. February 02, 2015

    Caesars Backs Ch. 11 Examiner To Scrutinize Asset Deals

    Caesars Entertainment Corp. offered support on Sunday for a "focused, expeditious investigation" of intercompany asset transfers orchestrated by the gaming company's private equity sponsors that have infuriated creditors of its bankrupt operating unit.

  6. January 28, 2015

    Caesars Wins Forum Fight To Keep Ch. 11 In Chicago

    A Delaware bankruptcy judge ruled Wednesday that the Chapter 11 of Caesars Entertainment Corp.'s operating arm will play out in Chicago, rejecting a move by creditors seeking to hold the high-stakes proceedings in the First State.

  7. January 27, 2015

    Caesars Plugs Windy City As Proper Place For Unit's Ch. 11

    Caesars Entertainment Corp.'s operating arm made a final push Tuesday to convince a Delaware bankruptcy judge that its Chapter 11 should be allowed to play out in Illinois, while a collection of creditors championed the First State as the appropriate forum for the high-stakes case.

  8. January 26, 2015

    Caesars, Creditors Square Off Over Ch. 11 Venue

    The forum fight to determine which court will oversee the high-profile bankruptcy of Caesars Entertainment Corp.'s debt-laden operating arm kicked off on Monday, pitting creditors who want the Chapter 11 in Delaware against the casino company's desire to conduct the case in Illinois.

  9. January 16, 2015

    Top Restructuring Firms Face Off In $10B Caesars Battle

    The long-awaited bankruptcy of Caesars Entertainment Corp.'s debt-laden operating unit has turned into a feeding frenzy for the nation's top restructuring firms that tees up a rematch of the two that fought to the finish in the city of Detroit's controversial Chapter 9.

  10. January 15, 2015

    Caesars Ch. 11 Kicks Off $10B Restructuring Fight

    Caesars Entertainment Corp. on Thursday placed a troubled operating unit into bankruptcy in Illinois with plans to extinguish $10 billion in debt and take on creditors furious with financial maneuvers engineered to save a boom-era buyout.