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Last $6.12 USD
Change Today 0.00 / 0.00%
Volume 1.1M
CZR On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 4:00 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

caesars entertainment corp (CZR) Key Developments

Caesars Entertainment Responds to Lawsuit by UMB Bank

Caesars Entertainment Corporation responded to a suit filed by UMB Bank, the trustee for holders of first lien notes issued by Caesars Entertainment Operating Company 'CEOC'. CEC believes that UMB's claim that CEC is obligated to guarantee the first lien notes is without merit. CEC has, however, confirmed at the request of certain of the first lien creditors who are party to the Restructuring Support Agreement 'RSA' that the filing of the UMB Bank lawsuit does not violate the RSA, which remains in force. CEOC is seeking an injunction in the bankruptcy court restraining prosecution of litigation commenced by other CEOC creditors who contend that CEC is required to guarantee CEOC debt. UMB Bank has agreed that it will be bound by the bankruptcy court's decision to the same extent as if CEOC had requested injunctive relief with respect to the UMB lawsuit.

Caesars Entertainment Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Caesars Entertainment Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net revenues of $1,253 million against $2,033 million a year ago. Income from operations was $144 million against $151 million a year ago. Income from continuing operations before income taxes was $7,861 million against loss from continuing operations before income taxes of $442 million a year ago. Income from continuing operations, net of income taxes was $7,669 million against loss from continuing operations, net of income taxes of $306 million a year ago. Net income was $7,662 million against net loss of $383 million a year ago. Net income attributable to company was $7,637 million against net loss attributable to company of $386 million a year ago. Diluted earnings per share from continuing operations were $52.06 against diluted loss per share from continuing operations of $2.26 a year ago. Diluted earnings per share were $52.01 against loss per share of $2.82 a year ago. Property EBITDA was $341 million against $413 million a year ago. Adjusted EBITDA was $335 million against $423 million a year ago.

Caesars Entertainment Corporation, Q1 2015 Earnings Call, May 06, 2015

Caesars Entertainment Corporation, Q1 2015 Earnings Call, May 06, 2015

Caesars Entertainment Corporation, Annual General Meeting, May 20, 2015

Caesars Entertainment Corporation, Annual General Meeting, May 20, 2015., at 12:00 Pacific Standard Time. Location: Florentine II, Caesars Palace. Agenda: To elect four nominees to serve as Class III directors of the company, as recommended by the nominating and corporate governance committee of the board of directors, for three-year terms, with each director to serve until the 2018 annual meeting of the stockholders of the company or until such director's respective successor is duly elected and qualified; to approve an amendment to the Company's 2012 Performance Incentive Plan to increase by 8,000,000 shares the number of shares of the company's common stock, par value $0.01 per share, that may be issued under the 2012 Plan; to ratify the appointment of Deloitte & Touche LLP as the company's independent registered public accounting firm for the year ending December 31, 2015; and to transact such other business as may properly come before the meeting or any adjournment of the meeting.

Caesars Entertainment Loses Bid to Have Delaware Suit Tossed

A Delaware judge has refused to dismiss a lawsuit accusing Caesar's Entertainment Corp. of fraudulently transferring assets of its operating subsidiary to shield them from creditors owed more than $3.6 billion. The lawsuit was brought by Wilmington Savings Fund Society, as trustee for holders of notes issued by the company's operating co. and guaranteed by its parent. The judge rejected arguments that the bondholders were contractually required to bring such claims in New York, and that keeping the lawsuit in Delaware would pose a hardship for the defendants. The company's whose operating unit sought bankruptcy protection in Illinois in January, filed its own lawsuit in New York hours after the Delaware complaint was filed, seeking a declaration that it hadn't defaulted on its indenture agreements or engaged in wrongdoing.

 

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Price/Earnings 2.9x
Price/Sales 1.7x
Price/Book 7.1x
Price/Cash Flow 3.4x
TEV/Sales 0.9x
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