Las Vegas Sun Blogs

Caesars warns creditor lawsuits imperil going-concern status

Posted 14 days, 16 hours ago in Elsewhere

Caesars Entertainment Corp., the casino company whose largest unit is in bankruptcy, warned that lawsuits stemming from its restructuring efforts could endanger its ability to continue operating as a going concern. If creditors of the subsidiary were to prevail on claims that the company improperly shifted assets from their reach and stripped them of a parent-company guarantee, the outcome “could have a material adverse effect on our business, financial condition, ...

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$350 million might not be enough to save Las Vegas

Posted 29 days, 8 hours ago in Elsewhere

There’s been a lot of hubbub about the effort tech whiz Tony Hsieh and his crack team of acolytes have put into revitalizing downtown Las Vegas. In case you missed it, Hsieh, the CEO of Zappos, in January 2012 announced that he was putting $350 million into the Downtown Project, which would fund new businesses in an economically depressed part of the city seven miles north of the Las Vegas ...

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