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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.

Then Caesars Entertainment Corp. is doing just fantastically well if the old adage that bad publicity is better than no publicity holds true. By virtually any measures, however: perhaps not so much.

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

Problem After Problem for Caesars

Needless to say, the company’s industry-high $23.5 billion long-term debtload is perhaps not even news anymore; it’s just become a huge yoke that Caesars now carries around wherever it goes these days Continuer la lecture de Hit With Crisis After Crisis, Caesars Struggles to Keep an Even Keel