Caesars officials downplay bankruptcy rumors
By Richard N. Velotta, Las Vegas Sun
The publisher of a newsletter about Las Vegas is encouraging readers not to put money down on hotel reservations or make deposits in casinos operated by Caesars Entertainment, citing the prospect of a bankruptcy filing.
Caesars owns Harrah’s and Harveys at Stateline.
“In an abundance of caution, this newsletter advises you not to deposit any funds (deposits for hotel reservations, deposits in the cashier’s cage or not redeeming casino chips, etc.), in … Caesars hotels, until the situation at Caesars becomes clearer,” Publisher Bill Mandel said in his Openings and Closings in Las Vegas newsletter distributed Monday.
While analysts have speculated on a Caesars bankruptcy filing, company insiders said executives aren’t considering it.
A UNLV gaming expert said that even if Caesars were to file for bankruptcy protection, it’s highly unlikely that it would affect hotel reservations and casino deposits.
People should click on the link and read the comments on the Las Vegas Sun site! Caesars has the same rep in Vegas that it does here.
This is the company that will make tens of millions of dollars in improvements to the hwy frontages of their casinos’ when the loop road goes through??
They should make them and Park show plans and dedicate revenue sources. After all the city made Owens bond around the construction in the hole.
no news here. The inmates have been running that asylum for years.